Oil Production

Crude Oil Slips Continuously Amid Raging West Asian War

Crude Oil Slips Continuously Amid Raging West Asian War

It has been almost 2 weeks since Israeli forces entered the Gaza Strip. With the war raging between Israel and Hamas, many experts expected oil prices to surge, but contrary to popular belief, the oil prices are slipping continuously. On Wednesday, oil prices fell almost 4% to a 3-month low with Brent crude oil selling…

Oil Minister Urges OPEC To Have A Sense Of Pragmatism

Oil Minister Urges OPEC To Have A Sense Of Pragmatism

Oil prices have risen a lot in the last few months, since August 2022 the OPEC and OPEC+ group of oil exporters have decreased their oil production by 5% which resulted in a 34% hike in oil prices around the world. The price of a single barrel of oil in August 2022 was $72/bbl while…