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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.

Tensions are rising in the Middle East, but the rise in oil prices is muted so far

Oil prices surged following a statement by President Biden regarding U.S. support for Israel, yet remain lower than historical highs.
Market confidence is bolstered by ample spare capacity among OPEC+ countries, even amidst geopolitical tensions.

Oil price sees largest increase in weeks - London Business News | Londonlovesbusiness.com

Oil prices are rising due to OPEC+'s production cuts and geopolitical tensions, with significant uncertainties ahead.

Oil price slides amid China slowdown and easing Middle East fears

Global oil prices fell by nearly $3.50 due to economic concerns in China and reduced geopolitical tensions regarding Iran.

Crude prices extend gains on strong US data and Middle East conflict risks - London Business News | Londonlovesbusiness.com

Oil prices rise due to US economic strength and Middle East tensions.

OPEC+ delays supply restart again as crude prices struggle

OPEC+ delays December production increase amid weak oil prices and economic uncertainty, reflecting challenges in global demand especially from China and Europe.

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.

Tensions are rising in the Middle East, but the rise in oil prices is muted so far

Oil prices surged following a statement by President Biden regarding U.S. support for Israel, yet remain lower than historical highs.
Market confidence is bolstered by ample spare capacity among OPEC+ countries, even amidst geopolitical tensions.

Oil price sees largest increase in weeks - London Business News | Londonlovesbusiness.com

Oil prices are rising due to OPEC+'s production cuts and geopolitical tensions, with significant uncertainties ahead.

Oil price slides amid China slowdown and easing Middle East fears

Global oil prices fell by nearly $3.50 due to economic concerns in China and reduced geopolitical tensions regarding Iran.

Crude prices extend gains on strong US data and Middle East conflict risks - London Business News | Londonlovesbusiness.com

Oil prices rise due to US economic strength and Middle East tensions.

OPEC+ delays supply restart again as crude prices struggle

OPEC+ delays December production increase amid weak oil prices and economic uncertainty, reflecting challenges in global demand especially from China and Europe.
moreopec

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+.

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.

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.
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