Oil Archives

Gold Could Hit $3k and Oil $100 by 2025, Say Citi Analysts

19/02/202419/02/2024Pooja ChauhanLeave a Comment

Gold Could Hit $3k and Oil $100 by 2025, Say Citi Analysts Gold @ $3000 According to Citi, gold prices have the potential to skyrocket to $3,000 per ounce, and oil to $100 per barrel, within the next 12 to 18 months, driven by three key catalysts. Gold, currently priced at $2,016, could experience a […]

United States Procures 2 Million Barrels of Oil for the Strategic Petroleum Reserve

19/12/202319/12/2023Pooja ChauhanLeave a Comment

United States Procures 2 Million Barrels of Oil for the Strategic Petroleum Reserve The Energy Department announced on Tuesday that the United States has acquired 2.1 million barrels of crude oil to replenish the Strategic Petroleum Reserve (SPR) following last year’s record-breaking sale. The purchase, scheduled for delivery in February, was made at an average […]

Saudi Arabia’s Aggressive Oil Supply Cut: Brace for Surging Gas Prices for US Drivers

05/06/202305/06/2023bollywoodfeverLeave a Comment

Saudi Arabia’s Aggressive Oil Supply Cut: Brace for Surging Gas Prices for US Drivers Saudi Arabia has decided to reduce its oil exports to the global market, taking matters into its own hands to address the declining price of crude. This step comes after previous attempts by major producing countries in the OPEC+ alliance to […]