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Oil Prices Reach Highest in a Year As Producers Limit Production

2021-02-02 20:35:00| OGI

Gobal and U.S. crude oil prices rallied as optimism about more U.S. economic stimulus added to market bullishness from supply cuts.

Tags: year prices production highest

 

OPEC+ Sees Oil Market Deficit Despite Revised Demand Outlook

2021-02-02 18:22:30| OGI

The group expected the oil market deficit despite having lowered its forecast for oil demand growth this year to 5.6 million bbl/d, 300,000 bbl/d less than OPEC's most recently released estimate.

Tags: market oil demand revised

 
 

Praan Naturals Unveils Rosewood Essential Oil

2021-02-02 13:16:21| Happi Breaking News

Expands its range of more than 500 natural ingredients for personal care product development.

Tags: essential oil unveils naturals

 

Pandemic Drives Oil Major BP to First Loss in a Decade

2021-02-02 11:20:00| OGI

BP's shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic and its ambitious plan to shift away from fossil fuels to renewable energy.

Tags: in major loss oil

 

US Shale Oil: Can a Leaner Industry Ever Lure Back Investors?

2021-02-02 10:00:00| OGI

U.S. shale producers are consolidating after a tough year but recent higher oil prices are already testing their discipline.

Tags: back industry oil investors

 

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