Saturday, December 4, 2021

oil

Top oil producers may freeze output amid Omicron concerns

The Opec+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

Asian markets extend losses but oil bounces after Omicron rout

Equities around the world went into freefall Friday on news of Omicron, which some fear could evade vaccines.

Venezuela president offers oil for vaccines as Covid-19 bites

Venezuela, which is under economic sanctions affecting the oil sector in particular, is facing a second wave of coronavirus.

Greece races to boost military after Turkey threats over Med oil

Both Turkey and Greece are flexing their military muscles by deploying their naval and air forces as visible deterrents to any adventurism by the other.

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