NEW YORK: Oil prices rose more than 1% on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine.
One thing is for certain when officials from OPEC, Russia and other oil-producing countries meet by teleconference Thursday to decide how much oil to produce in January. They will want to try to make sure that last Friday’s sudden, sharp collapse in oil prices a drop of more than 10% within a few hours, set off by reports of a threatening new Covid-19 variant does not
Speaking ahead of Calcalist’s “The Energy Crisis: Here and Now” conference, Edward Morse, Managing Director, Global Head of Commodity Research at Citi Group, outlined his vision for the future of energy