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Oil price rise News

06 Jul 2022

Crude Oil rate hikes 3% as supply and global recession concerns continue

Oil prices rose nearly 3% on Wednesday A strike would cut daily gas exports by 1,117,000 barrels of oil equivalent (BOE) More G10 central banks raised interest rates in June in comparison to the last two decades, Reuters calculations showed

05 Mar 2020

Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts

Oil prices rose more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.

08 May 2017

Oil prices rise on expectation of output cut extension

Brent crude futures were at $49.82 per barrel at 0323 GMT on Monday, up 72 cents, or 1.47 percent, from their last close.

Iranian president

03 Oct 2016

Iranian president tells Venezuela essential to raise oil prices

Iran`s President Hassan Rouhani told his Venezuelan counterpart Nicolás Maduro in a phone call that it was essential for oil producing countries to take a decision to raise the price of oil and stabilise the market, Iranian state news agency IRNA said.

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