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Oil

OPEC basket prices rise significantly

The price of crude oil OPEC basket rose significantly on Tuesday compared to its price the previous day. "The price of OPEC basket oil reached 44.23 dollars a barrel compared to 43.14 dollars a day earlier," the Organization of the…

Oil prices fall as US inventories increase

Oil prices fell on Wednesday after a report showed US crude and fuel stocks rose, raising fears that the world's three-year-old inventory will not end soon. By 0650 GMT, Brent crude futures were down 6 cents or 0.1 percent at $ 46.59 a…

Oil rises for a fourth consecutive day

Oil prices rose for a fourth consecutive session on Tuesday, as investors moved to cover city centers despite concerns about continued oversupply in world markets. Global Brent crude <LCOc1> rose 35 cents, or 0.7 percent, to $ 46.18…

Oil rises as dollar falls

Oil prices rose early on Monday as the dollar fell, but an increase in the number of oil drilling platforms in the United States has raised fears that global oil supply will continue to grow despite some producers' efforts to cut output.…

France bans oil and gas exploration

French Minister of Environment Nicolas Oulu said on Friday that France will stop issuing any new licenses for oil and gas exploration in France and its regions. French President Emmanuel Macaron said during his election campaign in…