Browsing Tag

oil

OPEC raised oil production in April

The Organization of the Petroleum Exporting Countries (OPEC) recorded an increase in its joint production of 26,000 barrels per day during the month of April, although it was still below its maximum quota, according to the monthly report prepared by the organization on the oil market. Specifically,…
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Oil demand will recover by 2023

Global oil demand will not recover the levels observed before the pandemic until 2023, according to projections by the International Energy Agency (IEA), who warned about the possibility that the oil market "never returns to normal" before…

Oil prices rebound as OPEC discusses production cuts

Oil price continues to climb to maximum levels since the beginning of January 2020, after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC +. In this way, the price of a barrel of Brent…