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Lower oil prices on horizon as China enters next phase of Covid crisis | OilPrice.com

Since the late 1990s, China has been the big beast in global oil markets, driving demand for the oil and other commodities it used to fuel double-digit economic growth every year for many years. then high single-digit growth for years. . As recently as 2017, China’s high economic growth rate still allowed it to overtake …

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Next week will be critical for oil markets | OilPrice.com

Leave a Comment / Markets / By admin

The next few days will be one of the most crucial for the oil market in weeks, as several events and factors at the same time could determine the price trend by the end of this year and beyond. As China’s zero-Covid policy and protests against it weigh negatively on market sentiment, the OPEC+ meeting …

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The problem of oil and gas price caps | OilPrice.com

Leave a Comment / Economy / By admin

This week, two documents were published by two ministries: the European Commission in Brussels and the Treasury Department in Washington. The Commission document was a proposal for “a new instrument” to limit excessive gas prices in Europe. That of the Treasury document were guidance on the implementation of a price cap policy for crude oil …

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