Oil news Page 1

Oil pipe line valve in front of the barrels with OPEC symbol
OPEC to go ahead with planned supply increases

Oil prices moves higher on decision

Jenal Mehta
Job interview candidates in business attire
US non-farm payrolls rose by 210,000 in November

This key figure fell short of market expectations of 450,000 new jobs

Joyanta Acharjee
A picture of the London Stock Exchange Group in financial district on May 14, 2016 in London, UK
Business news: Eurozone/UK service sectors show growth

London’s stock markets losing their appeal and UK and eurozone report service data.

Jenny McCall
Crude oil storage tanks in a refinery complex
Oil futures extend gains after OPEC+ output hike decision

Price direction in near-term will come from governments' respond to Omicron

Fitri Wulandari
Oil barrels and spilt oil
OPEC+ members approve production increase for January

Move could relieve pressure on oil dependent nations

Daniel Tyson
Oil rigs at sunset
Crude oil continues to dominate energy markets in 2022: BofA

Prices will increase as demand rises

Daniel Tyson

Oil derrick silhouetted against sunset
Oil price could be over $100 per barrel next year: Schroders

Fund management firm predicts oil price could increase above $100 per barrel next year

Rob Griffin
Shell logo on a gas station sign
Royal Dutch Shell (RDSA) starts $1.5bn share buyback

The oil giant begins the process of returning cash to shareholders after Permian sale

Rob Griffin
Meta logo on a smartphone with Facebook logo in the background
Business news: Bank cartel; Tesla launches kids’ quad bike

European stocks open lower and Meta allows cryptocurrency ads

Jenny McCall
Photo of oil rig
Omicron continues to affect energy prices

Oil prices continue downward momentum as OPEC decides on supply levels

Jenal Mehta
A forex screen
DXY steady, commodity currencies up and TRY crashes again

Commodity currencies strengthened as oil prices held firm ahead of OPEC+ meeting, while TRY hits new all-time lows.

Piero Cingari
Pump jacks silhouette against a sunset sky
Brent climbs near $70 as Omicron worries ease, eyes on OPEC

Markets soothed by WHO’s comment that vaccines could be effective against the new variant

Fitri Wulandari
An Exxon gas station sign
Exxon (XOM) to double earnings, reduce emissions by 2027

The oil and gas producer’s stock is slightly up after the announcement

William Hoffman
Stacked petroleum barrels
OPEC+ hinting at not releasing additional oil supplies

Crude prices up slightly Wednesday afternoon

Daniel Tyson
Petroleum refinery
Gas at three-month low, oil rebounds ahead of OPEC meeting

OPEC to decide whether to go ahead with supply increases

Jenal Mehta

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