The OPEC+ group of oil producing countries has agreed to delay an output hike by three months to April 2025, for the third time. After that, the monthly hikes will be spread
The benchmark West Texas Intermediate (WTI) rallied on Wednesday, jumping around 2.75% and clipping into $70 per barrel after the Energy Information Administration (EIA) reported a steeper drawdown in US crude oil
The benchmark US crude West Texas Intermediate remains under some selling pressure for the second day and reversed a major part of weekly gains, trading below mid-$68.00s, down 0.30% for the day,
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.25 on Monday, edging lower as the stronger US dollar broadly drags the USD-denominated commodity price lower. President-elect Donald Trump’s
Τhe US benchmark West Texas Intermediate crude oil is trading around $68.75 on Wednesday. The WTI price edges higher amid the uncertainty for the US oil industry and the large surprise crude
By Charles Ellinas The benchmark Brent crude oil price climbed to around $74/barrel this week following Russia’s warning it could use nuclear weapons in the war with Ukraine. However, rising non-OPEC supply
Cyprus has the second worst record in Europe as regards utilisation of renewables in the energy mix, with the main obstacles being the delay in importing natural gas for power generation and
West Texas Intermediate (WTI), the benchmark US crude oil, is trading around $68.40 on Friday, with the price remaining steady as a steep draw in US fuel stocks offset oversupply fears. The
By Charles Ellinas Crude oil prices receded to $75/barrel following speculation Israel will focus on hitting military and intelligence targets rather than Iran’s oil export terminals and refineries. Prices are going down
West Texas Intermediate prices struggled to capitalise on Monday’s modest gains and oscillated in a narrow band, around the $69.70-69.75 area on Tuesday. The US benchmark crude oil remained within striking distance
