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Tag: oil

    Economy
    Earthquake in Türkiye Could Affect Global Oil and Gas Supply

    Earthquake in Türkiye Could Affect Global Oil and Gas Supply

    The tragic earthquake that struck Turkiye and Syria on February 6th was one of the most devastating events in their history, claiming over 37,000 lives and injuring many more. Despite its immense sadness, it is

    Economy
    The News that Russia Will Reduce Oil Production Caused an Increase in Crude Oil Prices

    The News that Russia Will Reduce Oil Production Caused an Increase in Crude Oil Prices

    On Monday, oil prices rose following Russia's proposed cuts to their crude production and investors' worries about short-term demand. Brent futures spiked 22 cents (0.3%) up to $86.61 a barrel, while U.S crude gained 42

    Economy
    Goldman Sachs: Oil Could Rise Above $100 Again

    Goldman Sachs: Oil Could Rise Above $100 Again

    Goldman Sachs assessed that the sanctions imposed on Russia would likely reduce their oil exports and elevate prices from the current $80 level above $100 as demand is forecasted to recover in China after lifting