Oil Up, Hits One-Week High as Recovery from Ida Damage Drags On
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, hitting a one-week high in a second consecutive session of gains. Continuous concerns about U.S. supplies, with the recovery from Hurricane Ida’s damage dragging into a second week, gave the black liquid a boost. Brent oil futures was up 0.33% to $73.16 by 12:08 […]
Iran to boost oil output via $1.2 billion deal with local companies
By Administration_ India Capital Sands Iranian energy companies have agreed deals worth $1.2 billion to raise the nation’s crude output, state-run National Iranian Oil said. The signings were initially meant to take place on Monday in Tehran in the presence of Oil Minister Bijan Namdar Zanganeh, but have been delayed, NIOC said in a statement. […]
Oil gains on hopes US pandemic stimulus payments to spur fuel demand
By Administration_ India Capital Sands Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand their pandemic aid payments and a final Brexit deal is set to stabilize trade between Europe and the UK. Brent crude futures climbed 36 cents, or 0.7%, […]
OPEC+ resumes talks on 2021 policy amid discord on how to tackle oil demand
By Administrator_India Capital Sands LONDON – OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of discussions this week failed to bring a compromise on how to tackle weak oil demand amid a second coronavirus wave. The group of OPEC and allies, known as OPEC+, had been widely expected to roll over existing oil […]