Tag Archives: Energy Markets

Saudi Arabia will increase oil output amid recovery in prices

Saudi Arabia plans to increase its oil production next month, in contrast to the recent decline in large production, a sign of growing confidence in the recovery in oil prices, Kingdom advisers said. The world’s largest oil exporter surprised oil markets last month when it said it would cut crude …

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Oil prices plummet like new coronavirus strain Travel bans

New strains of coronavirus found in the UK led to a drop in oil prices on Monday and new travel bans were lifted across Europe, raising concerns that more lockdowns could occur globally. International benchmark Brent crude fell 2.6% to .9 50.91 a barrel. Major U.S. Crude gauge futures linked …

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