by Thanvir | Jul 3, 2019 | Benchmark Oil Price
Tension puts oil price benchmark into reverse The price of oil plummeted nearly 4 percent as fears of a weakening demand overshadowed the agreement of some of the world’s largest producers to continue limiting their production. Brent crude, the global oil...
by Thanvir | Dec 10, 2018 | Benchmark Oil Price
Benchmark crude oil futures rallied last week, with Dated Brent and WTI up around 5% and 3%, respectively. Prices rose mainly as a result of the US-China ceasefire until next March, a decline in US crude oil stocks, a forced reduction of production in Alberta, Canada...
by Thanvir | Dec 8, 2018 | Benchmark Oil Price
Oil prices recovered as the world’s major producers agreed on Friday to lower production than expected and offset the losses of the previous day when the oil-rich nations failed to reach an agreement. Opec and its allies, including Russia, which together account...
by Thanvir | Nov 28, 2018 | Benchmark Oil Price
The declining global oil price last week could destroy the Federal Government’s economic forecasts for 2019 and affect the medium-term expenditure framework (MTEF) if the trend does not reverse soon. Data from the Organization of Petroleum Exporting Countries...
by Thanvir | Nov 21, 2018 | Benchmark Oil Price
The oil price fell on Tuesday, with the US benchmark reaching its lowest level in more than a year, as investors’ attention remained focused on an important meeting of major oil producers early next month. “The bulls are running for the barn and the bears...
