Brent Oil - Oil price climb continues, logging eighth weekly gain
18-10-2021 03:17
Oil rose higher on Monday following an eighth weekly gain, spurred on by the energy crunch as winter approaches.
OPEC misses crude output targets, straining global oil supply
OPEC and its allies once again failed to pump enough oil to meet their output targets, exacerbating the supply deficit as the world recovers from the coronavirus pandemic.
Oil prices hit highest levels in years as post-Covid demand continues recovery
Global crude prices surged to multi-year highs as more utilities turn away from expensive natural gas and coal to oil and diesel for power generation, while demand also continues to recover from the ...
Oil prices up on continuation of energy crunch, demand recovery
Oil prices continued to increase on Monday, as rising demand fueled by the switch from natural gas and coal to oil extends the ongoing global energy crisis. International benchmark Brent traded at $85 ...
Energy Crisis Prompts Asia to Turn to USA for Oil
China and other Asian buyers have been snapping up supertankers of American sour crudes for delivery in November.
