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Changes in oil markets may be short-lived

Amid the energy crisis engulfing Europe, international oil markets have taken a slight breather as prices have retreated on traders’ concerns about the global economy. However, the turnaround may be short-lived. For now, cheaper oil is being welcomed by world...

OPEC+ agrees to make modest increase in oil production

The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) on Wednesday agreed to a small increase in oil production, following requests from the United States and other major consumers for more supply. The expectation, however, is that the symbolic...

New oil price hikes on the horizon

JP Morgan CEO Jamie Dimon believes oil prices could rise to $175 a barrel later this year. Jeremy Weir, the chairman of commodities trader Trafigura, says oil could get “puzzling”. The consultancy Energy Aspects, which has clients ranging from hedge funds...