As economies around the globe continue to struggle, Oil, a precious commodity seems to have taken a hit. In order to understand the recent downtrend in oil prices, this article explores the various reasons behind its price swings.
OPEC+ met yesterday to discuss planned Oil output increases. To understand why the organisation has decided to continue gradually increasing production in April, it’s important to take a look at its history and role in energy markets.
With supplies threatened by geopolitical unrest and demand rebounding across Asian economies, the crude benchmark Brent Oil has reached its highest level since October 2014.
Oil is in turmoil as the COVID-19 Omicron variant spreads. With the outlook for petrol demand uncertain, OPEC+ is set to meet today to discuss output.
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