Monday, August 8, 2022

Energy

OPEC+ agreement rescued ‘above 2 million’ jobs in the U.S., says Russia’s sovereign wealth fund chief

Millions of United States jobs could be rescued by the OPEC+ agreement that would support oil prices, reported by the chief executive of Russian wealth fund RDIF(Russian Direct Investment Fund). On Monday, OPEC and its allies came to a deal...

OPEC+ strikes agreement to cut crude oil production by 9.7 million barrels per day

Russia and Saudi Arabia have bounded with the deal to all other dominant crude producing countries to cut oil production because they are striving to stabilize the oil market that is severely crashed by the pandemic Coronavirus. On Sunday, OPEC...

Iran tells United States crude production must be known before OPEC+ meeting

On Wednesday, Iran expressed its demand that United States crude oil production should have well known about its level before attending OPEC meeting that includes Russia and other countries to ramp up oil prices all around the globe. OPEC+ meeting...

Oil prices jumped as Saudi Arabia-Russia head to OPEC

Worldwide oil prices spike more than 4%, building on the gain of Wednesday beyond one of the most historic and influential meetings of OPEC in history. Crude prices fall badly during the recent few weeks as the outcome from...

Oil climbs 3% on hopes for production cut as coronavirus crushes demand

On Tuesday, oil prices increased three percent and expect that world-leading crude oil producers would agree on output cuts because the Coronavirus epidemic is extensively crushing the oil demand. An analyst even said that the recession in oil demand...

OPEC calls for an emergency conference to rescue oil prices

To create a pleasant atmosphere and end the price war in the oil market, OPEC has decided to meet leading oil producers, including Russia, on Monday. The whole meeting thing will be held through a video conference and adds those...

Sooner the world would run out of Storage to store oil

World’s oil supply extensive ramped up because of empty roads, flights grounded, and even factories aren’t working due to the pandemic disease COVID-19. The unexpected and steep downfall in oil demand never occurred before. The production of crude oil has...

Global oil demand may decline twenty million barrels per day in April – Experts

Dan Yergin, an oil expert, told this week that the oil market is in trouble and facing double crises; the first one is OPEC+’s members separation that causes a reduction in oil supply, and secondly, the demand for oil...

Oil dives more than 2% as the US increased economic support measures

On Tuesday, Oil prices have raised above 3%, and it is expected the United States will make 2 trillion dollars’ deal on a coronavirus aid package that could dull the economy due to COVID-19. Moreover, it even favors oil...

Thousands of jobs may be affected due to historic fall in oil Prices

Because of the March’s historic downfall in the oil prices internationally, different analysts on Wall Street expressed their fear that the crude oil prices may fall below $40 per barrel. It will cause huge tension for the jobs of...

Latest News

American Employers Created 528000 Jobs In July

According to the U.S. Bureau of Labor Statistics, American firms generated 528000 jobs in July. That far surpassed economist...