Today news
About the same in other media
Resurgent Oil Supply Expected to Soothe Tight Market
Reading now: 385
Rebounding economic activity and natural gas shortages recently pushed the developed world’s oil reserves to their lowest since early 2015, but growing crude supply could soon ease that pressure, the International Energy Agency said Tuesday.
In its closely watched monthly market report, the IEA said that the tight supply and demand balance in the global oil market could be about to ease. It expects output to rise by 1.5 million barrels a day in the remainder of 2021, with the U.S., Saudi Arabia and Russia accounting for around half of that amount.
Read more on wsj.comAbout this in other media
Biden to release 50m barrels of oil in effort to bring down rising US gas prices theguardian.com /3 years ago
Biden Asks FTC to Examine Oil, Gas Companies’ Role in High Gasoline Prices wsj.com /3 years ago
US auctions off oil and gas drilling leases in Gulf of Mexico after climate talks theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
