- OPEC sec general says underinvestment could trigger oil market volatility
May 22, 2023
A OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.
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- OPEC warns of underinvestment in oil and gas sector amid rising demand
May 22, 2023
Underinvestment in the carbon fuels sector may lead to volatile long-term and imperil growth, warned OPEC Secretary General Haitham Al-Ghais on Monday.
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- Asia to drive oil demand growth in second half, says Vitol
May 22, 2023
Asia will lead oil demand growth of around 2 million barrels per day (bpd) in the second half of the year, a senior executive at Vitol (VITOLV.UL) said on Monday, an increase that could potentially lead to a shortage of supply and drive ...
- Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts
May 22, 2023
Crude oil is likely to trade with an upward momentum after oil cartel OPEC+ decided to extend its production cuts through to 2024. Analysts who track the black gold prices are now predicting that Brent crude prices may hit $100 per barre...
- Singapore April bunker sales hit three-month high on better prices
May 15, 2023
Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world's biggest refuelling hub Singapore in April, the latest official data showed, as prices were more competitive than regional ports.
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