Brent Crude To Average $50 in 2021

Brent Crude To Average $50 in 2021

Brent Crude To Average $50 in 2021 Brent crude, the world’s largest oil price benchmark, is likely to hit an average of nearly $ 50 a barrel this year as countries face the logistical challenge of deploying the vaccines necessary to quell the COVID-19 pandemic....
Crude Oil Benchmark Hits 11 Month High!

Crude Oil Benchmark Hits 11 Month High!

“Saudi Arabia in particular is ensuring through its additional voluntary production cuts that the market is undersupplied if anything” Eugen Weinberg, Commerzbank “We advise investors with a high risk tolerance to be long Brent or to sell its...
Price War Hits Africa’s Largest Oil Producer

Price War Hits Africa’s Largest Oil Producer

The largest oil producer in Africa, Nigeria, caught up in the Saudi-Russian oil price war, has reduced its crude oil considerably and tried to pump as much as possible to keep customers in the unprecedented decline in demand. However, the price to be paid in the oil...