Tag: oil market
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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 ... -
Oil price tops $105 a barrel ahead of OPEC+ meeting
The world price of oil rose above $105 a barrel ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, ... -
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 ... -
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 ... -
Forecasters have no idea of the real evolution of oil demand
Since the Paris Agreement in 2015, the oil market and investors have seen a growing gap between the highest and lowest demand scenarios from major forecasting ... -
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, ... -
OPEC production issues push oil prices higher
Saturday February 12, 2022 / 04:50 / by Tom Kool of Oilprice.com / Header image credit: Oilprice.com News of an “imminent” nuclear deal with Iran sent ... -
OPEC and allies remain cautious
FRANKFURT, Germany — The OPEC oil cartel and allied producing nations are sticking to cautious increases in the amount of oil they send to the global ... -
Azerbaijan and OPEC discuss future cooperation
Azerbaijani Foreign Minister Jeyhun Bayramov and Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo discussed cooperation prospects in Vienna, Austria, the ... -
Commodity Trader King Eyes $200 Oil | Rigzone
A hedge fund managed by commodities trader Doug King posted record performance last year, helped by soaring prices for energy, food, electricity and freight. King’s $244 ... -
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 ... -
Oil surged on robust OPEC demand optimism and supply disruptions in Kazakhstan and Libya
Oil (WTI-Jan Exp) hit a 5-week high around 80.45 on Friday morning and is heading for its third weekly advance as the market braces for a ... -
OPEC optimism rises, but a massive sell-off could be ahead
Meanwhile, RBC’s Croft warns of geopolitical tensions: File Image / Pixabay Oil prices on Tuesday benefited from another session of gains, propelled by the Organization of ... -
The dynamics of the oil market are changing | OPEC
Earlier this month, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC +, announced their decision to stick to ... -
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 ... -
The coming commodities week: oil in Yo-Yo mode on OPEC, Omicron; Gold over $ 1,700
Expected to hover between $ 60 and $ 70 a barrel this week as Saudi Arabia and other producers in the OPEC + alliance try to ... -
OPEC to continue with oil market supply adjustments, chief says
MILAN, Dec. 4 (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) will continue to make supply adjustments for the oil market, OPEC’s secretary general ... -
OPEC Plus maintains its oil production plans
When officials from OPEC, Russia and other oil-producing countries met by video conference on Thursday, they had cause for concern. The biggest concerns were whether the ... -
Oil Prices Rise As OPEC Prepares Response To Upcoming SPR Releases
Through Julia Fanzères to 22/11/2021 (Bloomberg) – Oil has advanced amid speculation that OPEC and its allies may not add as much supply to the market ... -
Size, Growth of Polypropylene Only Oil Boom Market (2021-2028)
New Jersey, United States, – The recent report on “2021 Polypropylene Only Oil Boom Market Report by Key Players, Types, Applications, Forecast to 2028 » offered ... -
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 Russia will consider oil production under pressure from Biden.
With new climate pressures looming, OPEC countries may prefer to reap high incomes, build up their financial reserves, and raise funds to invest in solar 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 ... -
6 petroleum resources to stay on top of the evolution of energy markets
For over six years now, my weekly Investing.com column – over 300 and up – provided readers with analysis on what’s hot in the oil markets. ... -
Saudi Arabia, leading oil exporter, targets net zero emissions by 2060
The Crown Prince of Saudi Arabia said on Saturday that the world’s largest oil exporter aims to reach net zero emissions by 2060 and will more ... -
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 ... -
OPEC organizes its first technical workshop with Energy Cos | Rigzone
The OPEC Secretariat announced that it had organized its first technical workshop with energy companies by video conference. OPEC said its workshop is the organization’s latest ... -
OPEC participates in Russian Energy Week 2021
OPEC Secretary General HE Mohammad Sanusi Barkindo participated in two key panel discussions during the 2021 edition of Russian Energy Week (REW) in Moscow. The Secretary-General ... -
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 ... -
OPEC: Oil will reign as the world’s leading energy source for decades to come | Florida Star
As many governments around the world push for a “net, zero carbon” economy by mid-century, oil-exporting countries predict that oil, natural gas and other fossil fuels ... -
Oil prices are at a seven-year high as OPEC and its allies stick to a modest increase.
Oil prices hit their highest levels since 2014, as officials from OPEC, Russia and other oil producers decided on Monday to stick to their previous agreement ... -
FTSE 100 Live October 4: Evergrande and OPEC to test market resolution, Morrisons auction
D Developments from the Evergrande crisis in China and a meeting of OPEC oil ministers are at the center of investor concerns after inflation-induced volatility last ... -
OPEC + considers options to bring more oil to market – sources
The OPEC logo pictured before an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS ... -
OPEC + strives to keep oil at $ 70: Iraqi oil minister
OPEC + is working to keep prices around $ 70 a barrel, Reuters reported, citing Iraqi Oil Minister Ihsan Abdul Jabbar Ismail. The official said the ... -
Sovereign Fujairah receives Nigerian Petroleum Minister and OPEC Secretary General
Fujairah (WAM) Sheikh Hamad bin Mohammed Al Sharqi, member of the Supreme Council and Sovereign of Fujairah, underlined the key role played by OPEC in reaching ... -
OPEC Secretary General visits Emirate of Fujairah and meets with its ruler
Fujairah, United Arab Emirates, September 22, 2021 – OPEC Secretary General HE Mohammad Sanusi Barkindo visited the Emirate of Fujairah as part of his mission to ... -
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 ... -
OPEC Secretary General highlights Venezuelan leadership within organization
Caracas.-Mr. Mohammad Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) was interviewed by TeleSur, and once again highlighted the exceptional role Venezuela ... -
OPEC Secretary General visits Venezuela | Rigzone
OPEC announced that its Secretary General, Mohammad Sanusi Barkindo, had visited the Bolivarian Republic of Venezuela at the invitation of his government to celebrate OPEC’s 61st ... -
OPEC Secretary General visits Venezuela and meets with President Maduro
Caracas, Venezuela, September 16, 2021 – OPEC Secretary General HE Mohammad Sanusi Barkindo visited the Bolivarian Republic of Venezuela at the gracious invitation of his government ... -
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. ... -
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% ... -
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 ... -
OPEC + meets to agree increase in oil supply as prices rise
OPEC + seeks to ease reductions of 2 million barrels per day It is not known if a new offer will be added in August or ... -
OPEC sees Sunday’s oil production talk as an ebb from UAE
Through Javier Blas, Salma El Wardany and Grant Smith at 7/17/2021 (Bloomberg) – OPEC and its allies plan to hold a meeting on Sunday, delegates said, ... -
Don’t worry, OPEC’s latest feud will soon be played out in everyone’s best interests
Opec’s latest disagreement is similar to several previous ones – except to take it out of context for certain purposes. Image Credit: AP It has been ... -
Most admired OPEC member country Nigeria – Barkindo
The Organization of the Petroleum Exporting Countries has described Nigeria as the most admired member country in the world oil market. The Secretary-General of the Organization, ... -
Why Biden wants to take a page from Trump’s OPEC playbook
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, just ... -
Shale ‘mother-frackers’ now look like OPEC
July 10, 2021 AN HOUR AFTER dawn Scott Sheffield is at the window of his 2,300-acre (930-hectare) Forked Lightning ranch in New Mexico, contemplating a day ... -
Calls to halt dangerous oil and gas investments -OPEP
The Organization of the Petroleum Exporting Countries on Tuesday spoke out against calls to stop investment in the oil and gas industry, calling them dangerous. OPEC ... -
Saudis, Russia tentatively agree on gradual increase in OPEC oil production
Through Salma El Wardany, Grant Smith, Javier Blas and Dina Khrennikova at 7/1/2021 (Bloomberg) – Saudi Arabia and Russia have reached a tentative deal to gradually ... -
Oil producers review production levels as demand returns
Oil prices hover around $ 75 a barrel, which means gasoline prices are also on the rise in the United States, just in time for the ... -
A LOOK BACK | Mystery surrounds pending federal nomination for Durham | New
Forty years ago this week: Much to the chagrin of journalists and political gadflies, Representative Steve Durham, R-Colorado Springs, remained completely opaque about the nature of ... -
High fuel prices: Pradhan asks OPEC to phase out oil production …
(MENAFN – IANS) New Delhi, June 24 (IANS) Expressing concerns about rising oil prices and its possible impact on consumers, Union Minister of Petroleum and Natural ... -
Why America’s Shale Won’t Derail the Oil Rally
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 ruined ... -
The big oil companies’ new problem is not lack of demand, it’s lack of supply
The oil market is rapidly moving from a period of oversupply at the height of the pandemic to a period of potential scarcity. Producers who have ... -
IEA: Need at least 5 million barrels per day of supply over the next year to meet expected increase in demand – Energy News India
Amid the complex carnage of raw materials, crude managed to limit losses to just over 1%. It remained stable below the $ 71 / bbl mark. ... -
IEA: Need at least 5 million barrels per day of supply over the next year to meet expected increase in demand
(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 levels ... -
Climate policies could return power and profits to OPEC
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 embracing ... -
The OPEC + alliance played a key role in the recovery of the oil market
The OPEC + alliance has taken decisive action to help reduce volatility in the oil market, OPEC Secretary General Mohammad Barkindo said on Tuesday at the ... -
Posthaste: overheating oil – and even OPEC’s reserve capacity might not be enough to cool the markets
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 level ... -
Oil will trade between $ 68 and $ 75 in second half of 2021 amid rising demand, Iraqi oil minister says
Oil is expected to trade between $ 68 and $ 75 a barrel in the second half of this year, Iraqi Oil Minister Ihsan Abdul Jabbar ... -
OPEC sees strong recovery in oil demand: Paul Hickin, S&P
Over the next couple of months we would like to see oil prices at $ 70 a barrel as support and oil prices could rise during ... -
Accelerating Oil Demand Will Reduce Global Congestion, OPEC Says
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 glut ... -
Oil price rally in Oman gathers momentum to exceed $ 71 a barrel
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 $ ... -
“We’ll see $ 200 oil”: Russia, OPEC ministers blow up IEA’s Net Zero plan
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 the ... -
Full speech: speech by HE Dr Diamantino Pedro Azevedo at the 17th Ministerial Meeting of OPEC and non-OPEC countries
Excellencies, distinguished delegates, Welcome to 17 OPEC and no-OPEC Ministerial meeting. Let me begin by thanking His Royal Highness Prince Abdul Aziz Bin Salman, Minister of ... -
Double Top Training Intact before OPEC meeting
Oil Price Talking Points Oil price rebounds from session low ($ 65.25) following larger-than-expected drop in US stocks, but double-top formation established earlier this month remains ... -
OPEC: Evaluate of the World Financial system
The yr 2020 has witnessed a rare and unprecedented flip of occasions that has had a adverse affect on the worldwide financial system. Whereas it appeared ... -
The giants of the American shale trade vindicate OPEC with self-discipline
(Bloomberg) – Saudi Arabia’s wager that the golden age of American shale is over looks like a protected wager – at the least for now. A ... -
US shale prioritizes debt over drilling, as OPEC predicted
By Michael Tobin, David Wethe and Kevin Crowley certain 12/03/2021 Shale drillers skip debt funds earlier than digging a gap. HOUSTON (Bloomberg) – Saudi Arabia’s guess ... -
The world for sale – the frenzied threads of the biggest commodities boom
With the reflation trade suddenly sweeping into global financial markets, a $ 1.9 billion stimulus bill scouring the United States Congress and “Dr Copper” surpassing $ ...
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