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#crude-oil-prices
London Business News | Londonlovesbusiness.com
1 month ago
Business

Oil takes advantage of the absence of disappointing data and advance for the third day in a row - London Business News | Londonlovesbusiness.com

Crude oil prices rise despite lack of key data, impacted by economic expansion signals and interest rate concerns. [ more ]
London Business News | Londonlovesbusiness.com
1 month ago
Business

The price of crude oil: Geopolitical pressures or federal traps? - London Business News | Londonlovesbusiness.com

Crude oil prices surged to $78.28 per barrel after hitting a three-month low near $76.00, influenced by geopolitical tensions and economic data. [ more ]
London Business News | Londonlovesbusiness.com
1 month ago
Business

Oil takes advantage of the absence of disappointing data and advance for the third day in a row - London Business News | Londonlovesbusiness.com

Crude oil prices rise despite lack of key data, impacted by economic expansion signals and interest rate concerns. [ more ]
London Business News | Londonlovesbusiness.com
1 month ago
Business

The price of crude oil: Geopolitical pressures or federal traps? - London Business News | Londonlovesbusiness.com

Crude oil prices surged to $78.28 per barrel after hitting a three-month low near $76.00, influenced by geopolitical tensions and economic data. [ more ]
morecrude-oil-prices
#oil-prices
London Business News | Londonlovesbusiness.com
1 month ago
Business

Oil prices rise amid demand boost and geopolitical tensions

Oil prices traded higher, supported by increased demand indicators in the US and China. [ more ]
Entrepreneur
2 months ago
Canada news

3 Energy Stocks Poised for Profits in April | Entrepreneur

The energy sector is poised for significant growth due to geopolitical tensions, supply constraints, and rising global demand for natural gas and crude oil. [ more ]
London Business News | Londonlovesbusiness.com
3 months ago
Business intelligence

GCC stocks under pressure after OPEC+ decision

GCC stock markets experience mixed performance due to various factors like OPEC+ decisions and geopolitical tensions
Saudi stock market reacts negatively to OPEC+ production cut extension but experiences positive movement with SAL's profit increase [ more ]
www.cbc.ca
5 months ago
Canada news

Oil prices projected to stay at low levels in 2024, report says | CBC News

Global oil prices are expected to remain low for the next few years due to cuts from major producers, record production in the United States, and slowing demand growth.
The average West Texas Intermediate (WTI) price is predicted to be $72 per barrel this year, with prices not expected to climb over $80 a barrel in the coming years. [ more ]
London Business News | Londonlovesbusiness.com
3 weeks ago
Business

Oil continues to decline to more lows in three months as OPEC moves to phase out of production cuts - London Business News | Londonlovesbusiness.com

Oil prices declined by 0.2% despite OPEC+ extending production cuts, with market looking for bullish incentives and supply reductions to drive prices. [ more ]
London Business News | Londonlovesbusiness.com
1 month ago
Business

Oil prices rise amid demand boost and geopolitical tensions

Oil prices traded higher, supported by increased demand indicators in the US and China. [ more ]
Entrepreneur
2 months ago
Canada news

3 Energy Stocks Poised for Profits in April | Entrepreneur

The energy sector is poised for significant growth due to geopolitical tensions, supply constraints, and rising global demand for natural gas and crude oil. [ more ]
London Business News | Londonlovesbusiness.com
3 months ago
Business intelligence

GCC stocks under pressure after OPEC+ decision

GCC stock markets experience mixed performance due to various factors like OPEC+ decisions and geopolitical tensions
Saudi stock market reacts negatively to OPEC+ production cut extension but experiences positive movement with SAL's profit increase [ more ]
www.cbc.ca
5 months ago
Canada news

Oil prices projected to stay at low levels in 2024, report says | CBC News

Global oil prices are expected to remain low for the next few years due to cuts from major producers, record production in the United States, and slowing demand growth.
The average West Texas Intermediate (WTI) price is predicted to be $72 per barrel this year, with prices not expected to climb over $80 a barrel in the coming years. [ more ]
London Business News | Londonlovesbusiness.com
3 weeks ago
Business

Oil continues to decline to more lows in three months as OPEC moves to phase out of production cuts - London Business News | Londonlovesbusiness.com

Oil prices declined by 0.2% despite OPEC+ extending production cuts, with market looking for bullish incentives and supply reductions to drive prices. [ more ]
moreoil-prices
Createsend
4 months ago
World news

Logistics Report: Warehousing Demand is Shrinking; China's Shipyards are Building Power

Consumer inflation in the U.S. is at its lowest annual rate since June.
OPEC maintains expectations for global oil-demand growth and raises economic outlook. [ more ]
WSJ
6 months ago
Business intelligence

Oil Futures Up After U.S. Crude Inventory Drop

Oil futures rise in early Asian trade following a drop in U.S. crude inventories
OPEC's monthly oil market report predicts a supply shortfall in 1Q 2024 and rising demand next year [ more ]
WSJ
6 months ago
Business intelligence

OPEC Leaves Global Oil-Demand Views Unchanged

OPEC maintains global oil demand expectations for this year and next
OPEC raises economic growth forecast for 2023 [ more ]
#fossil-fuels
New York Post
6 months ago
Environment

Big divisions loom over fossil fuels' future as COP28 climate summit talks head into final phase

Negotiators at the COP28 climate summit are working to find consensus on a deal to phase out the use of fossil fuels.
Over 80 countries are pushing for an agreement that includes language to phase out fossil fuels, but face opposition from OPEC and its allies. [ more ]
www.nytimes.com
6 months ago
Environment

OPEC Leader Tells Members to Block Any Climate Summit Deal to Curb Fossil Fuels

The head of OPEC has directed members to oppose any agreement at the UN climate summit that targets the production and sales of fossil fuels.
The letter from OPEC's secretary general warns of the consequences of phasing out fossil fuels, calling it politically motivated and a risk to prosperity. [ more ]
New York Post
6 months ago
Environment

Big divisions loom over fossil fuels' future as COP28 climate summit talks head into final phase

Negotiators at the COP28 climate summit are working to find consensus on a deal to phase out the use of fossil fuels.
Over 80 countries are pushing for an agreement that includes language to phase out fossil fuels, but face opposition from OPEC and its allies. [ more ]
www.nytimes.com
6 months ago
Environment

OPEC Leader Tells Members to Block Any Climate Summit Deal to Curb Fossil Fuels

The head of OPEC has directed members to oppose any agreement at the UN climate summit that targets the production and sales of fossil fuels.
The letter from OPEC's secretary general warns of the consequences of phasing out fossil fuels, calling it politically motivated and a risk to prosperity. [ more ]
morefossil-fuels
time.com
6 months ago
Europe news

Putin to Visit Saudi Arabia, UAE for Israel-Hamas War Talks. Here's What to Know

Russian President Vladimir Putin will visit Saudi Arabia and the UAE to discuss the Israel-Hamas war and increase Russia's influence in the Middle East.
Putin's approach to the Israel-Hamas conflict differs from the US's, allowing him to express sympathy for both Israel and Palestine.
The meetings are expected to discuss oil prices as Russia, Saudi Arabia, and the UAE are all members of OPEC+. [ more ]
www.theguardian.com
6 months ago
Environment

Lula's bid to style himself climate leader at Cop28 undermined by Opec move

Brazilian president, Luiz Inacio Lula da Silva, brought a large delegation to Cop28 and emphasized Brazil's efforts to address inequality and protect forests.
However, his energy minister announced Brazil's plan to align more closely with Opec, weakening their climate leadership on cutting fossil fuels. [ more ]
#OPEC
WSJ
7 months ago
Environment

Big Oil Bets on Hot Air in Climate Talks

Oil and gas companies expect slow progress on cutting fossil fuel use during climate negotiations.
The United Arab Emirates is hosting COP28 and is a member of OPEC, which will have a pavilion at the climate summit. [ more ]
WSJ
7 months ago
Business intelligence

Oil Edges Up After OPEC Raises Demand Forecast

OPEC releases its monthly market report for November, stating that oil market fundamentals remain strong and negative sentiment around demand is exaggerated.
OPEC raises its forecast for global oil demand growth in 2023 to 2.46 million barrels a day.
China's crude oil imports are healthy and Asian refining margins are strong, according to OPEC's report. [ more ]
WSJ
7 months ago
Canada news

OPEC Raises Oil-Demand Forecast, Says Weak Sentiment Is Exaggerated

OPEC raised its expectations for global oil demand this year.
The group's own output crept higher. [ more ]
WSJ
7 months ago
Environment

Big Oil Bets on Hot Air in Climate Talks

Oil and gas companies expect slow progress on cutting fossil fuel use during climate negotiations.
The United Arab Emirates is hosting COP28 and is a member of OPEC, which will have a pavilion at the climate summit. [ more ]
WSJ
7 months ago
Business intelligence

Oil Edges Up After OPEC Raises Demand Forecast

OPEC releases its monthly market report for November, stating that oil market fundamentals remain strong and negative sentiment around demand is exaggerated.
OPEC raises its forecast for global oil demand growth in 2023 to 2.46 million barrels a day.
China's crude oil imports are healthy and Asian refining margins are strong, according to OPEC's report. [ more ]
WSJ
7 months ago
Canada news

OPEC Raises Oil-Demand Forecast, Says Weak Sentiment Is Exaggerated

OPEC raised its expectations for global oil demand this year.
The group's own output crept higher. [ more ]
moreOPEC
www.theguardian.com
4 weeks ago
Business

Oil alliance Opec+ extends crude production curbs into 2025

OPEC+ extends production curbs into 2025 to stabilize crude prices. [ more ]
London Business News | Londonlovesbusiness.com
2 weeks ago
Business intelligence

Oil has a solid 'snapback' - London Business News | Londonlovesbusiness.com

After a drop, WTI crude prices bounced back to previous ranges, influenced by rising demand despite high inventories and OPEC+ plans.
Traders in the market need to be flexible and swift to adapt to the changing trends that may not last long. [ more ]
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