Brent crude oil price forecast to average $72 per barrel in H2 2021

Oil prices jumped 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in a positive sign for

Crude oil prices jumped on Tuesday ahead of the next OPEC+ meeting as the group dispelled earlier rumors that it could agree to increase crude oil production at its next meeting. The cost of Brent crude rose $2.07 by 9:45

Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures were up $1.29, or 1.5%, to trade

Oil prices jumped more than 2% on Friday after health authorities in China, the top global crude importer, eased some of the country’s heavy COVID curbs. Brent crude futures rose $2.39, or 2.6%, to $96.06 a barrel by

Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. Brent crude futures were up $1.84, or 1.9%, to $96.51 a barrel at 0740

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude importer. Brent crude futures rose 81 cents, or 0.88%,

Union Jack Oil has increased its interest in one of the UK’s leading onshore shale gas companies by buying an extra 4 million shares. The purchase brings Union Jack’s holding in Egdon Resources to 17 million shares, representing

Oil prices jumped more than three percent in Asian trade Monday as reports said OPEC and other top producers considered slashing output. WTI climbed 3.5 percent to $82.27 and Brent piled on 3.4 percent to $88.01 ahead of

An update from exploration company Rathlin Energy (UK), which has been involved with the site near Burton Constable Hall for over a decade, indicates there will be “less oil production” than previously thought. They plan to install a

Oil prices ticked up on Tuesday as OPEC and its allies keep producing less than their quotas, but were headed for a fourth monthly decline ahead of an expected further U.S. interest rate hike which may curb economic

Oil prices rose in volatile trade on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about lower demand in China, the world’s biggest crude importer, and further increases in U.S. and European interest