WTI crude oil prices are on the rise, hitting over $81 per barrel for the first time since June. The market is driven by optimism around global growth, supply cuts by OPEC+ and sanctions on Russian crude.
Our deepest condolences to the Royal Family and people of the United Kingdom on the passing of Queen Elizabeth II. She was a remarkable woman and a great leader.
The Queen died peacefully at Balmoral this afternoon.
The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow.
Following years of ‘Green Enlightment’, decisionmakers are waking up to the fact that blindly following an ESG-agenda has led to sky-high energy prices.
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“The simple tweak shows that we will be attentive, preemptive and pro-active in terms of supporting the stability and the efficient functioning of the market to the benefit of market participants and the industry,” Prince Abdulaziz bin Salman said.
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Global crude oil demand will rise by 2.1 million bpd this year, the International Energy Agency said in the latest monthly edition of its flagship Oil Market Report
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U.S. crude oil exports reached record levels in 2020 and remain high in 2021 - Today in Energy - U.S. Energy Information Administration (EIA) https://t.co/Gz7zc3gyof