Tag: crude oil
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War in Ukraine and OPEC production limits pushed gasoline prices in February to their highest level in eight years – The Market Herald
Subscribe Be the first with news that moves the market According to the ACCC, gasoline prices (both international refined and average retail) reached their highest level ... -
Africa’s 125 billion oil reserves at risk – OPEC – Nigeria – The Guardian Nigeria News – Nigeria and World News
The energy transition threatens 16 tscm of gas The Organization of the Petroleum Exporting Countries (OPEC) has warned that the continued push against hydrocarbons could threaten ... -
A Complete Guide to the Organization of the Petroleum Exporting Countries (OPEC)
What is OPEC? The Organization of the Petroleum Exporting Countries (OPEC) is a group of 13 of the world’s largest oil exporting countries. It was ... -
Despite conditions, OPEC is sticking to its plan
At its last monthly meeting on March 2, OPEC cited a “well-balanced market” in making the decision to maintain a production plan approved in April 2020 ... -
Stable US oil production; OPEC-Plus sticks to modest production plan even as war in Ukraine rages
Despite strong demand and a raging war in Ukraine that could disrupt global supply, U.S. crude producers kept the production line going through the last week ... -
Putin’s war in Ukraine could shatter the OPEC+ alliance
OPEC+ cooperation is facing a possible breakdown following Russia’s military invasion of Ukraine. Russia’s aggressive military moves towards Ukraine will negatively impact oil market cooperation between ... -
How to Master the Art of Portfolio Construction Through Diversified Asset Allocation
The foundations of long-term wealth creation are based on an investment charter and asset allocation based on the individual’s risk profile. Global empirical studies have summarized ... -
Week Ahead: Russia/Ukraine Conflict, OPEC, Central Banks and NFPs
Will the war continue this week? Or will world leaders convince Russian President Putin and Ukrainian President Zelensky to meet for negotiations? Russia invaded Ukraine last ... -
The second quarter weighs on oil prices
Armored personnel carrier (APC) of the 92nd Separate Mechanized Brigade of the Ukrainian Armed Forces … [+] move to park at their base near the village ... -
Saudi Arabia increases oil production to 10 million barrels per day
Sunday February 20, 2022 3:12 p.m. Saudi Arabia’s crude oil production has soared to more than 10 million barrels per day (bpd) according to data from ... -
OPEC, NNPC and Other Stakeholders to Discuss Upstream Gas Investments at Nigeria Energy Forum
FILE PHOTO – A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen ahead of a news conference at OPEC headquarters in ... -
Nigeria: Government rejects two shipments of adulterated gasoline imported from Belgium
Following the circulation of adulterated gasoline in Nigeria, which damaged vehicle engines last week, the federal government turned away two tankers carrying loaded gasoline in Antwerp, ... -
Oil revenue plunges as Nigeria misses OPEC’s January quota
Posted February 2, 2022 • FG officials blame vandalism, delay in PIA implementation, etc. Nigeria missed its crude oil production target for January 2022, pumping 1.46 ... -
Valero bullish on 2022 refining margins as product demand continues to recover
Strong points Demand for products has exceeded pre-pandemic levels Valero’s first quarter run rates down in all regions due to turnaround activity Rough market tightness is ... -
Nigeria lost 74.51 billion naira in oil revenue in December, OPEC says
Posted January 23, 2022 A The new monthly report from the Organization of the Petroleum Exporting Countries showed a drop in Nigeria’s crude oil production in ... -
Oil production in Libya rebounds | OilPrice.com
Libya’s crude oil production rebounded to 1.2 million barrels per day, according to the country’s oil minister, Mohammed Oun. Speaking to Bloomberg, Oun said Libya’s crude ... -
“You are all over the map”
A prominent economist confronted Sean Hannity on Friday over the Fox News host’s claims about US energy production under Biden versus Trump administrations. On his Friday ... -
U.S. EIA Sees Global Oil Stock Strengthening Thanks to Rising OPEC, U.S. Supply
Strong points United States to adopt pre-pandemic exit by 2023 EIA says OPEC has a lot of spare capacity U.S. gasoline prices will remain a challenge ... -
Nigeria to remain Africa’s top oil producing country – OPEC – Blueprint Newspapers Limited
Faced with uncertainties posed by the new Omicron version of COVID-19, Nigeria could retain its first place in crude oil production in Africa until the first ... -
Sensex Today: Live Stock Market Updates: Sensex Gains 300 Points, Nifty50 Approaches 17,200; RBL Bank gains 3%; Supriya Lifesciences to register today
[ad_1] Watch this space as we bring you LIVE updates from the day from Dalal Street. !1 new updateClick here for the latest updates Mega Bull ... -
SOUTH KOREA DATA: November crude imports increase but short-term throughput is under pressure
Strong points First quarter spot crude purchases expected to drop amid fragile demand U.S. crude imports increase year-over-year for 8th consecutive month Refiners continue to find ... -
Iranian heavy crude price increases more than 42% in 2021 (OPEC)
TEHRAN – The average Iranian heavy crude price rose $ 29.34 in 2021 to register a 42.1% increase from the previous year, according to OPEC’s latest ... -
Gas prices continue to rise, commuters see effects
By Susana Arreola December 10, 2021 Gerald Sastra / The Cougar As gasoline prices continue to rise, students, especially commuters, are affected. Energy economics professor Edward ... -
3 reasons why oil prices rebounded this week
After a sharp drop that saw oil prices slump below $ 70 / bbl for the first time in months, oil bulls appear to be regaining ... -
Oil drops again on OPEC surplus warnings as analysts disagree on market outlook
But lack of investment seems to guarantee tight supplies in the short term, says Vitol: File Image / Pixabay Crude trading on the we Thanksgiving Thursday ... -
OPEC cuts its oil demand outlook for 2021; still sees a big market deficit until the end of the year
Strong points Call OPEC crude oil to hit 29.57 million barrels per day in Q4 Non-OPEC supply forecasts unchanged from last month Many members report October ... -
OPEC and US stand together as fuel price hikes hit Europe and South Asia
Washington has called on OPEC and Russia to increase oil production to help bring down the soaring fuel prices that have hit the United States and ... -
Dip-Buying, OPEC ‘Magic Mantra’ Drops U.S. Crude From Lows
By Barani Krishnan Investing.com – Just 24 hours after the biggest selloff in oil since early October, the bulls were back to buy crude lows and ... -
Putin: not all OPEC + producers can quickly increase production
Although the OPEC + alliance is currently increasing its collective production of crude oil slightly above what they agreed to, not all members of the group ... -
Why Iraq Can, But Will Not, Achieve 8 Million Barrels A Day Of Oil Production
Since no real change resulted from last week’s elections in Iraq, fiercely anti-American radical cleric Moqtada al-Sadr is still the de facto leader – his latest ... -
Will Saudi Arabia abandon the United States for Russia and China?
The meeting last week between Russian Deputy Prime Minister Alexander Novak and Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman to discuss expanding and deepening cooperation ... -
Gas prices continue to rise as the holidays approach
October 17 – Motorists in Berks County faced harsh weather conditions last summer. However, when it comes to the price of a gallon of gasoline, they’re ... -
REITs become net sellers in capital markets in October so far, withdraw net amount of Rs 1,472 cr
[ad_1] New Delhi: Foreign portfolio investors (REITs) have turned net sellers in the capital markets in October so far, reversing the trend of net investment in ... -
OPEC cuts demand forecast for 2021 but says soaring gas prices could help
A 3D printed oil pump cylinder is seen in front of an OPEC logo displayed in this illustration photo, April 14, 2020. REUTERS / Dado Ruvic ... -
Is stagflation a serious market risk?
Stagflation: This ghoul from the era of the shag mat and disco balls. This is something that has not been seriously discussed in business circles since ... -
Nigeria: OPEC conditions increase in Nigeria’s oil production quotas
Abuja – The Organization of the Petroleum Exporting Countries (OPEC) maintained yesterday that no country, including Nigeria, which has underperformed on meeting its monthly oil quota ... -
Global energy crisis, American burnout and OPEC number 1 call | Women’s News
It’s been a huge week for energy – and a painful week for the countries that are paying the price for it. Global benchmark Brent crude ... -
Nigeria’s oil reserves plummeted by 543 million barrels – OPEC
Posted September 30, 2021 The Organization of the Petroleum Exporting Countries 2021 Annual Statistical Bulletin released on Wednesday reported a 543 million barrels drop in Nigeria’s ... -
APPEC Lack of investment, more demand to lead to oil price volatility – industry executives
Crude oil storage tanks are seen in an aerial photograph at the Cushing Oil Hub in Cushing, Oklahoma, USA, April 21, 2020. REUTERS / Drone Base ... -
Gas prices in Idaho drop this week
BOISE, Idaho (KMVT / KSVT) – Idaho pilots have seen relief at the pump this week, but the sentiment could be short-lived. According to AAA, the ... -
Why do opponents of “hydraulic fracturing” ignore its moral advantages?
US President Joe Biden (right) waits to talk about wildfires and climate change as California … [+] Governor Gavin Newsom speaks at Sacramento Mather Airport on ... -
Opec + cuts have impacted oil and gas production: OVL
NEW DELHI: ONGC Videsh Ltd (OVL) ‘s (OVL) oil and gas production from overseas assets fell in double digits in the previous year following production cuts ... -
LatAm, US shares in India’s oil imports increase; Middle East, Africa down
By Nidhi Verma NEW DELHI (Reuters) – India’s crude oil imports hit a four-month high in August, recovering from the nearly one-year low in July, with ... -
Will South America’s latest oil boom trigger a military clash?
Since the controversial decision of 1899 fixing the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming that the 61,000 square miles west ... -
US Oil Inventory and OPEC send oil prices on Wild Ride – Free Press of Jacksonville
(www.zengernews.com) – Oil prices edged up on Wednesday, with a federal inventory levels report showing lower and a market focus on OPEC news, analysts told Zenger. ... -
Alaska Journal | Oil price forecasts clouded by COVID-19 uncertainty
Oil price forecasters mainly focus on two things: supply and demand. They watch the Middle East, follow world politics, follow industrial activity and other economic indicators. ... -
Congo prepares to assume rotating OPEC presidency
Congo will take over the rotating presidency of the Organization of Petroleum Exporting Countries (OPEC) in 2022, succeeding its Angolan neighbors. The secretary general of the ... -
Global oil demand to peak by 2025, UN tracked: Platts Analytics
Strong points Demand for crude oil and condensate to decline to 50 million barrels per day by 2050 OPEC’s oil market share would rise to 60% ... -
Iranian July oil production increases 28% year on year (OPEC)
Iran produced 2.485 million barrels per day (bpd) of crude oil in July, registering a 28% increase from the same month in 2020, according to OPEC’s ... -
IEA assesses Azerbaijan’s compliance with OPEC +
August 22, 2021 12:15 p.m. (UTC + 04:00) 129 By trend Azerbaijan’s oil supply (excluding condensate) stood at 0.61 million barrels per day in July 2021, ... -
Oil companies announce price cuts as of August 10
AFTER weeks of rising oil prices, oil companies announced Monday that they would cut prices at the pump this week. Gasoline prices will drop by 0.65 ... -
Commodity markets in suspense with the delta epidemic
The tone in global commodity markets in the coming days will largely be set by China’s battle to bring its fast-spreading delta coronavrius epidemic under control, ... -
EOG stock seems to have assessed its strong fundamentals
UKRAINE – 2021/06/15: In this photo, an EOG Resources, Inc. logo displayed on a … [+] smartphone. (Photo illustration by Igor Golovniov / SOPA Images / ... -
Iraqi production stable in June as OPEC eases quota policy
June production averaged 4.05 million barrels per day. Iraq will have additional leeway to increase production under a landmark deal recently reached by the OPEC-plus group. ... -
Will OPEC’s deal lower gasoline and diesel prices? | Latest India News
As of July 20, 2021, gasoline and diesel prices have not risen for four consecutive days. This is the longest period without a price increase since ... -
US oil drops as OPEC plans to increase production
Randy Giveans, SVP of Maritime Shipping Equity Research, Jefferies, joins Yahoo Finance to analyze the outlook for the energy market and gas prices. Video transcript ALEXIS ... -
Why Biden wants to take a page from Trump’s OPEC playbook
[ad_1] No president wants oil prices to skyrocket. But timing is particularly problematic, as consumer spending can worsen inflation concerns and hurt Americans in their wallets, ... -
Oil is down. It is not about OPEC this time.
[ad_1] Text size A pump jack in Eddy County, NM Paul Ratje / AFP via Getty Images Oil prices fell again at the start of Thursday’s ... -
Oil / Ope: new offer expected to cap prices below $ 100
[ad_1] Looking to the next century has particular implications for energy traders. Like the bubbles of a champagne flute, oil prices go up. Traders estimate when ... -
Chart of the week – WTI crude oil (cash) bullish trend intact as OPEC looms
[ad_1] VSHeart of the Week – WTI Crude Oil (Cash) WTI crude oil (cash) bullish trend intact as OPEC looms Short term technical analysis click to ... -
Why America’s Shale Won’t Derail the Oil Rally
[ad_1] For the first time in nearly a decade, OPEC has good reason to believe that its control over the global oil supply will not be ... -
India considers non-opep options to bring oil prices under control
[ad_1] Unreasonable production restrictions imposed by the cartel of oil producers, the Organization of the Petroleum Exporting Countries (OPEC), forced India to negotiate long-term alternative supplies ... -
IEA: Need at least 5 million barrels per day of supply over the next year to meet expected increase in demand – Energy News India
[ad_1] Amid the complex carnage of raw materials, crude managed to limit losses to just over 1%. It remained stable below the $ 71 / bbl ... -
IEA: Need at least 5 million barrels per day of supply over the next year to meet expected increase in demand
[ad_1] (Representative image) | Photo credit: Getty Images Highlights Barret says demand is not very far from pre-pandemic levels and we should reach 2019 crude demand ... -
Climate policies could return power and profits to OPEC
[ad_1] As US President Joe Biden preaches a net zero emissions target for 2050 to slow global warming, and activist shareholders force Exxon Mobil Corp. in ... -
The OPEC + alliance played a key role in the recovery of the oil market
[ad_1] The OPEC + alliance has taken decisive action to help reduce volatility in the oil market, OPEC Secretary General Mohammad Barkindo said on Tuesday at ... -
Posthaste: overheating oil – and even OPEC’s reserve capacity might not be enough to cool the markets
[ad_1] Hello! The traditional cycle of oil boom and bust appears to have entered the boom phase, with oil prices climbing this morning to their highest ... -
Oil will trade between $ 68 and $ 75 in second half of 2021 amid rising demand, Iraqi oil minister says
[ad_1] Oil is expected to trade between $ 68 and $ 75 a barrel in the second half of this year, Iraqi Oil Minister Ihsan Abdul ... -
OPEC sees strong recovery in oil demand: Paul Hickin, S&P
[ad_1] Over the next couple of months we would like to see oil prices at $ 70 a barrel as support and oil prices could rise ... -
Petchems crude oil demand to slow in 2022 as non-OPEC production surges – IEA
[ad_1] LONDON (ICIS) – Global crude oil demand for petrochemicals will remain strong in 2021, but will slow significantly in 2022, the International Energy Agency (IEA) ... -
Accelerating Oil Demand Will Reduce Global Congestion, OPEC Says
[ad_1] The rebound in global oil demand is expected to accelerate in the second half of 2021 as the world continues to burn off the supply ... -
Daily markets: Stock indices towering above water amid stock rotation
[ad_1] The big picture of today Asian stock indices ended lower today with South Korea’s Kospi down around 1%, Japan’s Nikkei down 0.4% and Hong Kong’s ... -
Oil price rally in Oman gathers momentum to exceed $ 71 a barrel
[ad_1] Muscat: The rise in Oman’s oil prices continued on Wednesday on the Dubai Mercantile Exchange (DME) to reach $ 71.38. This includes an increase of ... -
Metals hit by taper talks as Opec gives oil a boost
[ad_1] Commodities traded mixed in the first week of June, with buying fatigue showing in both precious and industrial metals, while grains and especially the energy ... -
“We’ll see $ 200 oil”: Russia, OPEC ministers blow up IEA’s Net Zero plan
[ad_1] After, in recent months, crude oil prices have clearly recovered from their COVID-19 collapse on steadily increasing demand, Russian Deputy Prime Minister Alexander Novak addressed ... -
Brent hits $ 70, OPEC meeting, strong Eurozone PMI data – What moves the markets
[ad_1] By Peter Nurse Investing.com – Brent exceeds $ 70 a barrel before the last OPEC meeting, stocks continue to push higher, the pound is showing ... -
UK gasoline prices set to rise for seventh consecutive month | Gasoline prices
[ad_1] UK gasoline prices are expected to rise for a seventh consecutive month after hitting a two-year high over the weekend. The price of unleaded exceeded ... -
Saudi Arabia pledged to meet India’s crude oil needs: Saudi envoy
[ad_1] NEW DELHI: Saudi Arabia, the world’s largest oil exporter, said on Sunday it was determined to meet India’s needs for petroleum products, a claim that ... -
Saudi Arabia’s oil exports soar ahead of OPEC + meeting
[ad_1] After more than a year of volatility due to a pandemic and weak demand for oil, Saudi Arabia is currently experiencing an oil export boom. ... -
Deliveroo goals to promote $ 1.4 billion in new shares in its subsequent IPO
[ad_1] Bloomberg Rising markets brace for fee hikes with report debt (Bloomberg) – Alarm bells are beginning to ring in rising markets as nations put together ... -
Shoals Applied sciences Group Inc – Frequent Inventory
[ad_1] Bloomberg Rising markets brace for charge hikes with file debt (Bloomberg) – Alarm bells are beginning to ring in rising markets as nations put together ... -
Danone confirms Faber’s ouster as CEO after stress from activists
[ad_1] Bloomberg Rising markets brace for price hikes with report debt (Bloomberg) – Alarm bells are beginning to ring in rising markets as international locations put ... -
Share buyback program
[ad_1] Bloomberg Rising markets brace for charge hikes with file debt (Bloomberg) – Alarm bells are beginning to ring in rising markets as international locations put ... -
Asian shares combined as China releases poor financial knowledge
[ad_1] BANGKOK (AP) – Shares had been combined in Asia on Monday as China reported a wide range of knowledge that painted a sophisticated image of ... -
As Oil Costs Rise, Outdated Opec Tensions Will Rise
[ad_1] (MENAFN – Khaleej Occasions) As members of the Opec oil cartel and its allies meet this week to debate the manufacturing adjustment, analysts count on ... -
Squeeze on the pump Diminished OPEC provide, demand for vaccines cited as components in rising gasoline costs | Well being
[ad_1] March 13 – Owen Edwards stopped for gasoline on the Sheetz retailer within the Moxham neighborhood of Johnstown on Friday afternoon and lamented the cash ... -
The Commodities Feed: OPEC sees stronger oil demand in 2H21
[ad_1] Vitality Yesterday, crude oil costs negotiated strongly on wholesome gasoline demand in america and a usually constructive OPEC report. The group now expects international oil ... -
Crude oil hampered by OPEC demand outlook, gold value in sight of PPI knowledge
[ad_1] Gold Worth, Crude Oil, OPEC +, US PPI, Commodities Briefing – Speaking Factors: Crude oil costs are weak to short-term pullbacks following OPEC’s discount in ... -
Flip to vitality ETFs as OPEC anticipates enhancing oil demand
[ad_1] Higher prospects for financial development and oil demand might gas the beneficial properties of energy-related exchange-traded funds this yr. In response to the latest month-to-month ... -
Shanghai Composite collapses 4% after data and as vaccine hopes fade
[ad_1] Stocks fell in Asia on Thursday as investors reflected on figures showing the Chinese economy had returned to growth in the last quarter. The Shanghai ...
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