oil price

Oil & Gas

Russia favors further OPEC+ output hike in February

Russia intends to support a further increase in OPEC+ production at the group’s meeting next month, even as a new strain of the coronavirus raises concerns about demand, said officials familiar with the country’s oil policy.

Oil & Gas

Oil price rises on news of UK vaccine

Spreads at both ends of the oil futures curve rallied on Wednesday as the UK approved a Covid-19 vaccine and the physical market displayed signs of strength in Asia and the North Sea.