Tag: Oil Prices

Author | Legal Icon | Energy Expert

Oil will Average $79.40 in 2022 – IEA

According to the International Energy Agency, which raised its oil price forecasts for 2021 and 2022, Brent Crude prices are likely to average $79.40 next year. According to the latest...
Read More

Oil Prices will be Double without OPEC+ Intervention – UAE

The United Arab Emirates said on Monday at the Africa Oil Week Conference in Dubai that if it weren't for OPEC+'s concerted actions to manage supply and demand, oil prices...
Read More

Oil Prices Could Reach $100 per barrel Next Year – Iraq Oil Minister

According to Reuters, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael warned on Wednesday that due to low global commercial supplies, prices could exceed $100 per barrel in the first half...
Read More

IEA Believes Energy Prices Will Continue to Rise without Significant Investment in Clean Energy

The International Energy Agency warns that global energy market volatility and price increases will continue without a significant increase in clean energy investment. Consumer consumption demands must be met by...
Read More

Oil Prices Reach Three-year High as Supply Tightens and Demand Rises

Oil prices rose further on Tuesday, with Brent, the global benchmark for more than half of all crude, reaching a three-year high as demand outstrips supply and stockpiles run low....
Read More

Vitol Predicts Oil Will Trade Above $80 Per Barrel Soon

Vitol Group, the world's largest independent oil trader, anticipates global crude demand to rise by half a million barrels per day this winter as a gas-driven energy shortage prompts a...
Read More

Oil Prices Rose on Monday Amid European Economies’ Reopening

Oil prices rose on Monday, May 24, 2021, kicking off the week on a positive note and continuing the steady recovery of oil prices as major economies across Europe reopen...
Read More

Oil Prices Climb as China’s Imports Hit an All-Time High, While U.S Producers Hope for Higher Prices

Oil prices climbed high on Monday after the agreement by OPEC+ on Saturday to extend the current production cut deal until the end of July, and China's crude imports hit...
Read More