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Oil prices fell 2% on Monday after China’s stimulatory plans failed to impress traders and oil alliance OPEC lowered its demand forecast. West Texas Intermediate closed at $73.83 per barrel ...
Saudi Arabia's oil minister says crude prices could fall as low as $50 per barrel. ... down 33% from current levels. ... The OPEC leader caused prices to fall below $10 per barrel in 1986 after ...
The firm predicts in the absence of major disruptions to oil supply in the Middle East, Brent will continue to trade in the $70-$85 range, with an average price of $77 per barrel in the fourth ...
Tom Kloza, global head of energy analysis with the Oil Price Information Service, believes oil prices are approaching a top, with U.S. crude oil at $74.38 and Brent crude, the international ...
The OPEC+ group on Thursday agreed to additional output curbs of 1 million barrels per day in a move aimed at sending prices higher. The deeper reductions come alongside an extension of Saudi ...
Map of countries with proven oil reserves - according to US EIA (start of 2017) Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014. Proven oil reserves are those quantities of petroleum which, by analysis of geological and ...
Oil prices jumped sharply on Monday amid a halt in Libyan oil production and heightened tensions in the Middle East. West Texas Intermediate rose more than 3% to settle at $77.42 per barrel, while ...
The 1990 oil price shock occurred in response to the Iraqi invasion of Kuwait on August 2, 1990, [1] Saddam Hussein's second invasion of a fellow OPEC member. Lasting only nine months, the price spike was less extreme and of shorter duration than the previous oil crises of 1973–1974 and 1979–1980, but the spike still contributed to the recession of the early 1990s in the United States. [2]