Tag Archives: Oil

EU meets OPEC amid calls for oil output increase

European Union officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output and as the EU considers potential sanctions on Russian oil. OPEC has resisted calls by the United States and the International Energy Agency to pump more crude to …

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Oil prices rise on slow OPEC output increase

Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world’s top oil consumer China ramped up operating rates to meet a spike in diesel demand. Brent crude futures gained 28 cents, or 0.3%, to $84.99 a barrel by …

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Oil rally ends amid COVID-19 concerns, returning supply

Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as production returned in Mexico. Oil rally ends amid COVID-19 concerns, returning supply Thursday, 26 August 2021 9:37 AM  [ Last Update: Thursday, 26 August 2021 9:37 AM ] …

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