OPEC’s President Says Oil Cartel Cannot Rush Output Increases

© Reuters. OPEC’s President Says Oil Cartel Cannot Rush Output Increases (Bloomberg) — The president of OPEC reiterated that the oil producers’ cartel shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across parts of the world. Algeria’s Energy Minister Abdelmajid Attar, who holds OPEC’s […]

Continue Reading

Gold Down as Loosened Lockdowns Increases Investors’ Risk Appetite

© Reuters. By Gina Lee Investing.com – Gold was down on Tuesday morning in Asia with some countries easing lockdown measures and restarting their economies. were down by 0.52% at $ 1,704.40 by 12:37 AM ET (5:37 AM GMT) as Italy and some U.S. states reopened some parts of their economies the day before. Investors’ increased appetite saw stocks, which usually moves in the opposite direction to gold, […]

Continue Reading

New platform increases Iran’s oil production by 6,000 bpd: IRNA

© Reuters. New platform increases Iran’s oil production by 6,000 bpd: IRNA DUBAI (Reuters) – Iran’s oil production capacity increased by 6,000 barrels per day after a platform was installed at the offshore Salman field in the Gulf, the official news agency IRNA reported on Saturday, citing Alireza Salmanzadeh, head of the Iranian Offshore Oil […]

Continue Reading