Oil price (WTI and Brent) changed direction and fell last week: WTI declined by 1.08%; Brent oil, by 2.49%. As a result, the gap of Brent oil over WTI contracted: The premium ranged between $10.87 and $13.96. Last week, the…
Oil price (WTI and Brent) changed direction and rose last week: WTI spiked by 5.32%; Brent oil, by 1.75%. As a result, the gap of Brent oil over WTI contracted: The premium ranged between $13.6 and $17.63. Last week, the…
In the recent IEA – International Energy Agency monthly report on oil markets for the month of February 2011, OPEC’s oil output fell by 95,000 b/d to reach 30.05 mb/d. On an average monthly scale, nearly 200,000 b/d was lost…