oil prices

Markets await inflation figures as oil prices continue to rise | OilPrice.com

by
oil

Oil prices have risen sharply over the past three weeks as geopolitical tensions have increased, but worrying economic data from the US could send prices back down. Friday June 28, 2024 All eyes are on US inflation data as crude oil prices have maintained their hot streak and are expected to end this week with … Read more

‘Unthinkable’: alarm bells for the climate as OPEC action paves the way for oil surpluses

by

The International Energy Agency forecast this month that global oil capacity could exceed demand by 2030, leading to a bearish trend for oil prices. OPEC has not specified a timeline for production increases, but has said its actions will depend on market conditions. Oil prices, which are influenced by many factors other than supply and … Read more