OPEC+ Unveils Larger-Than-Expected Oil Production Increase in August; Algeria to Contribute Additional 12,000 Barrels Daily
July 5, 2025
On Saturday, eight nations within the OPEC+ alliance reached a consensus to elevate their combined crude oil production by 548,000 barrels per day, marking a significant step in the gradual rollback of voluntary supply reductions. ...
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Crude Oil Maintains Strength Above Key Moving Average
June 17, 2025
Crude oil continues to demonstrate resilience, maintaining its position above the crucial 200-Day Moving Average (MA). Recent market patterns indicate a potential upward trajectory, particularly if the resistance level at $76.29 is surpassed. Crude oil ...
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EU Plans to Cut Russian Oil Price Ceiling to $45 Amid Sanctions
May 27, 2025
The European Commission (EC) has proposed reducing the price ceiling for Russian oil from its current $60 per barrel to $45. This initiative, reported by the Financial Times on May 27, 2025, is part of ...
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