Demand for British oil edges higher as output to set record of 1mbpd
There is clearly an increasing demand for British oil from the North Sea, as United Kingdom sets to become a net crude oil exporter for the first time in more than a decade, by increasing its output from 914,000 barrels per day in 2017 to one million barrels per day or more. This is exciting […]
Oil at 3-year high as OPEC production remains unchanged in last month
Brent crude oil rose above $68 a barrel for the first time since 2015 on Thursday, closing in on its highest level since prices tanked 3.5 years ago and as OPEC production held steady last month. Futures rose 0.9 percent to above $62 a barrel in New York after adding 2.1 percent on Wednesday. Inventories […]