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OPEC+ assures oil prices won’t plunge again

OPEC’s Secretary-General, Mohammad Barkindo said on Thursday that the OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, adding that demand has been recovering more slowly than expected.

OPEC sees oil demand peak around 2030

Organization of the Petroleum Exporting Countries (OPEC) said on Thursday that world oil demand will plateau in the late 2030s and could by then have begun to decline.

Oil price rises due to Trump’s health, Norway strike

Oil prices on Monday gained more than 2%, boosted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive coronavirus test sparked widespread alarm.

Saudi Energy Minister sends warning to oil market gamblers

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has warned traders against betting heavily in the oil market saying he will try to make the market “jumpy” and promised those who gamble on the oil price would be hurt “like hell”.
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