Oil prices recovered early losses today as the market opted to keep levels above $70 dollars, weighing the positive overall demand forecast against a gasoline stocks build in the US and a return of Libyan production
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Oil rises on demand recovery, WTI highest since 2018 on positive US consumption signs
Oil prices rose on Wednesday, with WTI reaching its highest level since 2018, on positive demand signs – especially from the US
Oil declines on profit taking, strong dollar and demand forecast differences
Oil prices continued their decline today due to a strong US dollar, as traders profit from high prices and as the market now evaluates which of the positive demand forecasts is actually more justified
Oil prices trimmed but overall levels stay strong
Oil prices slipped a bit on Monday, but the bigger picture remains that an overall high price is intact and expected to last through the summer
Oil keeps strong on OPEC+ supply discipline and summer demand
High oil prices don’t seem to be going away soon and continue to maintain recent gains on Friday, supported by OPEC+ supply discipline and enthusiasm over the strong summer demand
Boosting investments allocation among oil and gas operators could strengthen production in DJ Basin
The DJ Basin located in Colorado and Wyoming has experienced a constant decline since production peaked in November 2019
Oil keeps strong on OPEC+ stance and summer demand outlook
Oil prices kept their strong level, as traders remained confident that the discipline OPEC+ showed and the coming summer demand benefit the commodity’s valuation
Oil gains on OPEC+ conservatism, demand recovery and Iran negotiations lag
Oil prices rose again today on a bullish market sentiment after yesterday’s OPEC+ meeting and on positive demand indications. Meanwhile a lag in negotiations for a nuclear deal with Iran also assisted the ascent
Global petrostates can forget trillion-dollar oil and gas tax revenues as energy transition bites: Rystad
2021 will be the last year global oil and gas taxes will approach the trillion-dollar mark, reaching about $975 billion