Posts in tag

oil prices


CNN Editorial Research Here is an overview of crude oil reserves and production around the world. Facts Crude oil is a form of liquid petroleum, extracted from rock formations and used as fuel and for other purposes. Members of the Organization of the Petroleum Exporting Countries (OPEC) produce about 37% of the world’s crude oil …

Riyadh – British Prime Minister Riyadh – British Prime Minister Boris Johnson’s visit to the Arab Gulf region fell short of its objectives, after the latter sought to “exert pressure” in a bid to secure more oil flows. Observers said Johnson’s request to increase oil production had already been rejected before the prime minister began …

UK petrol prices could rise by 50% due to sanctions imposed on Russia by cutting oil supplies, Members have been warned. This would raise the cost of a liter of petrol to £2.40, from around £1.60 today, the Treasury Committee heard this afternoon. Dr Amrita Senresearch director at Energy Aspectstold the Treasury Committee that crude …

Asian stocks extended their global slide on Friday after the fastest US inflation in forty years and a hawkish European Central Bank (ECB) bolstered expectations for more aggressive rate hikes, shaking sentiment previously stung by the war in Ukraine. . Sellers swarmed China’s stock markets after U.S.-listed Chinese stocks tumbled following the nomination of the …

The industrial facilities of the PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, March 8, 2022. The company receives crude oil from Russia via the ‘Friendship’ pipeline. REUTERS/Hannibal Hanschke Join now for FREE unlimited access to Reuters.com Register Oil surges in volatile market UAE officials have differing views on exit plans U.S. crude oil …

German Economy Minister Robert Habeck on Tuesday issued an ‘urgent appeal’ to OPEC oil producers to increase production amid soaring prices and crisis-driven supply fears Ukrainian. Habeck called on major oil-producing countries to “increase production in order to create relief in the market.” “It would be a contribution” to the relaxation of businesses and households, …

An often overlooked and ignored aspect of the Venezuelan crisis is the considerable environmental degradation at the hands of OPEC member‘s decrepit oil industry. Of them decades of wrongdoing, mismanagement and corruption coupled with chronic underinvestment in the maintenance, repair and renovation of industrial infrastructure means that oil spills are almost a daily occurrence. Frequent …

The overwhelming majority of analysts expect Oil prices continue to climb, with Brent expected to be well above $100 a barrel by the end of this year. Prices at the pump are also rising, but this time it will take more than an SPR publication for the Biden administration to reduce them. And help does …

Fundamentals and geopolitics have pushed oil prices up 20% so far this year, to levels not seen in the fall of 2014. The price above $90 a barrel is up more than 60% compared to the same time last year, and many analysts say $100 Oil is now a matter of when, not if. Oil …

By Alex Lawler LONDON (Reuters) – OPEC+ will work to include Iran in its oil supply cap deal if a deal is reached on reviving its nuclear deal with world powers, sources said. close to the group, seeking to avoid competition on market shares which could affect prices. According to the International Energy Agency, a …

After a torrid run, oil barely managed to post a second week of gains during a volatile session as risk aversion sentiment spreads across broader markets. As expected, the bears began to emerge from the woods, with Citigroup recently predicted Oil price drops to $65 This year. But luckily for the oil bulls, there is …

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, Belgium, and bound for Lagos, a learned THISDAY. It comes as the Organization of the Petroleum Exporting Countries (OPEC) and its allies have continued to produce crude oil below …

Prime Minister Jason Kenney said it’s hard to fathom Biden turning to OPEC for more oil after the cancellation of the Keystone XL pipeline. Alberta Premier Jason Kenney asked why the Biden administration would cancel the Keystone XL pipeline and then ask OPEC for more oil, in an interview with Fox News Digital, saying he …

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 economy, a move likely to support near-high prices seven years amid fears of Russian military action against Ukraine. The Saudi-led Organization of the Petroleum Exporting Countries and Russia-led non-member …

AAsian markets should be more resilient in the coming week after a sharp rebound in US tech stocks last Friday, while China heads into the golden week for the Lunar Year holiday. Remarks from central banks will be front and center ahead of the US nonfarm payrolls in January. A multitude of PMI indices from …

Once upon a time, the price of sugar on the world market was closely watched by Guyana’s largest industry. Now that the dollar value of oil exports is equivalent in days to what Guysuco’s annual exports are, attention has turned to the price of Brent Crude to which Guyana’s Liza Crude is roughly pegged. While …

India is back on the diplomatic table to push oil-producing countries to increase production in a bid to calm oil prices. Brent crude oil prices traded above $90 a barrel on Thursday for the first time since 2014. Brent is the most popular marker for crude oil trading. It is used as a benchmark for …

There is a significant discrepancy between estimated world oil stocks and actual observed levels of world oil stocks. Estimates from the International Energy Agency (IEA) showed last week that 200 million barrels of oil were unaccounted for based on its inventory calculations and observed global stocks. According to a Bloomberg report, the IEA has calculated …

Azerbaijani Foreign Minister Jeyhun Bayramov and Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo discussed prospects for cooperation in Vienna, Austria, the ministry reported on January 20. Speaking about the organization’s successful cooperation with Azerbaijan in the OPEC Plus format, Bayramov said that Azerbaijan is interested in continuing its partnership …

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 for Biden The US Energy Information Administration raised its oil price outlook for 2022 on Jan. 11 by nearly $ 5 / bbl from last month, but sees those …

FRANKFURT, Germany (AP) – OPEC and allied oil-producing countries on Tuesday decided to pump more oil into the global economy in the hopes that travel and fuel demand will hold up despite the rapid spread of the omicron variant of COVID-19. The 23-member alliance of OPEC + led by oil cartel member Saudi Arabia and …

The new year started on a level playing field on Monday in thinning holiday trade as most markets rose, with some glee provided by data suggesting regional economies improved last month. However, investors remain hampered by concerns over a range of issues, including the fast-spreading Omicron variant, inflation, the removal of central bank stimulus and …

Energy prices have skyrocketed in 2021, with gas, oil, coal, electricity and carbon all rising largely amid a spike fueled by geopolitical tensions surrounding Russia, which supplies a third of European gas. The “sharp rise in prices was probably the most dramatic development in commodity markets in 2021,” noted Barbara Lambrecht, analyst at Commerzbank. The …

Brent crude futures registered a three-day rally on Friday in light trading ahead of the Christmas holidays, but the benchmark was still heading for a weekly gain as the market focused on the next steps in the ‘OPEC + and the impact of the Omicron variant. Brent crude futures fell 75 cents, or 1%, to …

Libya has declared force majeure on oil exports even as oil prices around the world collapse. The Libyan National Oil Company (NOC) said crude oil production had been halted at four of Libyan oil fields, including the prolific El Sharara. El Sharara, Libya’s largest oil field, has a capacity of 300,000 bpd. Other closed oil …

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 Hirs shared his thoughts on what could be the main cause of the sudden surge in gas prices across the country. “OPEC wants a higher price for crude oil. …

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 said on Saturday. “We will continue to do what we know best to ensure the stability of the oil market on a sustainable basis,” Mohammad Barkindo said during a …

But American Petroleum Institute CEO Mike Sommers told CNN that the powerful oil and gas trading group was “absolutely” taking the risk of an export ban seriously, including relying on Moderate Democrats to dissuade White House officials from the idea. “We are mobilizing all of our strength. We are doing all we can,” Sommers said …

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 emergence of a new variant of the coronavirus could torpedo the nascent global economic recovery and the reluctance of the United States and major Asian customers, including China, in …

OPEC continued to increase oil production in November as part of the OPEC + deal, but the cartel continued to pump less crude than its share of the monthly increase, the monthly survey revealed on Tuesday. Reuters. As part of the OPEC + deal, the ten OPEC members bound by the OPEC + Pact are …

Here is today’s one Foreign police in short: the United States is exploiting its oil reserves in a coordinated approach with major oil consumers, Germany is preparing to announce a new coalition government, and Crown Prince of Abu Dhabi visit Turkey. Note to readers: Morning Brief will take a brief break for the Thanksgiving holiday …

© Reuters. By Geoffrey Smith Investing.com – The dollar hit a 16-month high, with the highest inflation in 30 years in the United States prompting betting on higher interest rates. The same movement has also gained the upper hand in the oil market, which awaits the monthly OPEC report. Elon Musk appears to have finished …

President Joe Biden spoke to gasoline prices in California last month on Wednesday. MARKETWATCH PHOTO ILLUSTRATION / GETTY IMAGES OPEC and its oil-producing partners rebuffed President Joe Biden’s calls for increased production amid rising fuel prices, retorting that if the United States believes the global economy needs more energy, then they have the capacity to …

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 several developing countries. Oil prices have continued to rise across the world as the United States and OPEC members vie for increased production, risking more problems for consumers in …

Personal consumption expenses: The PCE index is the Federal Reserve’s preferred measure of inflation, and the latest data will be followed closely ahead of the central bank’s policy meeting on November 3. The core PCE index, which excludes volatile components such as energy and food, is expected to have risen 0.2% in September after rising …

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 still in the middle of what turns out to be a perfect storm for consumers. Prices at Berks Friday averaged $ 3.45 a gallon for regulars, according to GasBuddy. …

Getty Images Oil prices in the United States have hit a new seven-year high amid rising global demand and tight supply. The price of WTI crude oil is now at its highest since OPEC launched a price war against shale producers. Meanwhile, the price of Brent crude oil hit a new three-year high, surpassing $ …

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 LONDON, Oct. 13 (Reuters) – OPEC downgraded its forecast for global oil demand growth for 2021 while maintaining its vision for 2022, its monthly report said on Wednesday, but …

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 the late 1970s. But today, as inflation hits decades-long highs and companies say the bottom line could end. Apart from being disappointing in the coming quarters due to rising …

NEW ORLEANS (WVUE) – The average price of a gallon of gasoline in New Orleans has risen 6 cents over the past week, an increase that experts attribute to a recent decision by OPEC countries not to not increase production in the face of growing global demand for fuel. According to the weekly survey by …

The Biden administration is executing an erroneous and costly energy policy against a backdrop of widespread inflation, and its explanation for a reduction in U.S. energy production makes no sense, even in terms of preventing climate change, according to former CEO of CKE Restaurants, Andrew Puzder. During her interview on “The Story” on Friday, host …

Gasoline at $ 3 also poses serious political problems for US President Joe Biden, although the blame of Republicans is largely misplaced. Voters don’t like high gas prices and, fair or not, they have a habit of blaming whoever is in the White House. There is “growing concern in the White House about a perilous …

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 allocation, will see its baseline increased. The group of oil producers insisted that it goes against common logic that Nigeria, which has still not met its quota in the …

FINANCIAL MARKETS Stocks drop as volatility hits Wall Street; oil drops NEW YORK (AP) – Stocks fell today as Wall Street experiences a period of volatility, due in part to large swings in tech companies. The S&P 500 was down 0.8% at noon. The benchmark index has increased or decreased by more than 1% in …

By Alun John HONG KONG (Reuters) – Asian stocks fell on Wednesday, reversing initial gains, as analysts said sky-high oil prices meant stocks reacted quickly to any hint of bad news, such as a rate hike by the central bank of New Zealand. The largest MSCI index of Asia-Pacific stocks outside of Japan fell 0.6%, …

Image source: Getty Images S & P / ASX 200 Index (ASX: XJO) Energy stocks could be one of the few bright spots in the market today after OPEC and its allies reaffirmed their intention to increase production, but only gradually. What has OPEC announced? The Organization of the Petroleum Exporting Countries and its allies, …

A massive sell-off of Facebook stocks and stocks of other big tech companies spilled over into the market, pushing major U.S. indices to steep declines to start the week. Stocks opened with slight declines before losses accelerated rapidly. The S&P 500 lost 56.58 points, or 1.3%, to 4,300.46. The broad index closed last week down …

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 to add only gradually. of oil on the market. The announcement came despite growing demand for energy as businesses around the world resumed operations. The 23-member group, known as …

The logo of the Organization of the Petroleum Exporting Countries (OPEC) can be found in front of its headquarters ahead of the OPEC and NON-OPEC meeting in Austria on December 6, 2019. REUTERS / Leonhard Foeger / File Photo LONDON, Oct. 3 (Reuters) – OPEC and its allies meet on Monday to discuss how much …

MSCI World Index breaks losing streak Wall Street wins but European stocks fall S&P and the Nasdaq post the biggest weekly declines since February 2. Oil prices rise Dollar, Treasury yields slide NEW YORK, Oct. 1 (Reuters) – Global equities rebounded in volatile trading on Friday, with debate over the timing of future interest rate …

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 / Ramzi Boudina September 30 (Reuters) – OPEC + plans to go beyond its existing deal to increase production to 400,000 barrels per day (bpd) when it meets next …

FRANKFURT, Germany (AP) – While acknowledging the inevitable advance in alternative energy sources and technology, OPEC has said oil will be the main source of energy for decades to come as oil prices gross hit three-year highs on Tuesday. In its annual World Oil Outlook, OPEC acknowledged that more electric vehicles on the roads and …

OPEC predicts an unlikely winner amid an energy abandonment from hydrocarbons, predicting that the cartel itself will dramatically increase its influence in the global oil market over the next two decades. In its annual report on long-term energy trends, the Organization of the Petroleum Exporting Countries said it expects global demand for oil to grow …

AAA WOODED – Idaho drivers saw relief at the pump this week, but the sentiment could be short-lived – AAA says rising crude oil prices could keep gas prices high until l ‘fall. Today, the average price of regular in Gem State is $ 3.75 a gallon, two cents less than a week ago and …

Dow industrials rose sharply late Monday morning, as bank stocks soared and were helped by a rally in Treasury yields. However, the movement of rates was causing headwinds for rate-sensitive sectors of the market, including technology. What are the main indexes doing? The Dow Jones Industrial Average DJIA, + 0.40% traded up 164 points, or …

As Covid-19 vaccination rates in the United States and Europe reached more than half of their total populations over the summer, the governments of many of these countries have acted quickly to unlock their societies. The increase in the number of cases since the restrictions were lifted has so far failed to dampen this enthusiasm, …

By Chen Cheng-hui / Journalist CPC Corp, Taiwan (CPC,) said yesterday that its gasoline and diesel prices would remain unchanged from last week, a move echoed by privately-held Formosa Petrochemical Corp (台塑 石化). Last week, companies increased gasoline prices by NT $ 0.1 per liter, while lowering diesel prices by NT $ 0.1 per liter. …

Crude Oil Fundamental Forecast: Bullish WTI crude prices build on recovery as global growth rate of Covid cases continues to slow Traders have ruled out the risks of Evergrande, but the situation still remains fluid Oil outlook remains optimistic ahead of OPEC annual report and coalition meeting WTI crude oil prices rallied sharply last week, …

Efforts to keep crude prices around $ 65 for Brent, the international standard, have been complicated by the delta variant of the novel coronavirus COVID-19. “We have relaxed our pricing outlook for the remainder of 2021, thanks to the delta variant,” said Farzin Mou, vice president of intelligence at data analytics firm Enverus and co-author …

Text size Sergey Novikov / Dreamstime.com After a multi-month lull, investors are buying into the bullish story for oil as prices hit new multi-year highs and stocks are back in the race. International oil prices hit new three-year highs on Thursday and continued to climb on Friday, as demand improved and supply shortages persist in …

* FG to end OPEC allocation underperformance by October, mid-November, according to Kyari* Emotions, not science, fuel conversations about energy transition, insists Barkindo Emmanuel Addeh The Nigerian National Petroleum Corporation (NNPC) said yesterday that the global natural gas crisis, which has pushed up prices, could push oil prices up to $ 10 a barrel over …

Over the past week, oil prices have been supported by favorable demand prospects and bullish statistics from the US Energy Information Administration. Last week on Wednesday, prices hit a six-week high as the Organization of the Petroleum Exporting Countries and the International Energy Agency predicted a strong rebound in global oil demand, while another storm …

Washington – Boasting that government policies can make a difference in improving the economy, President Joe Biden went too far on Thursday in taking credit for job growth since taking office. He has also dubiously suggested that wrongdoing is behind the rise in gasoline prices – something his administration will seek to correct. But analysts …

(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. Crude oil prices fell nearly 1% in Wednesday’s trading session, but moved closer to neutrality after a formal decision on OPEC + production was announced. West Texas Intermediate, the …

Dow Jones, Crude Oil, Energy Stocks, Corporate Taxes, Nikkei 225, US CPI, Technical Analysis – Asia Pacific Indices Briefing Dow Jones wins with energy stocks as OPEC monthly report raises crude oil prices Nasdaq 100 drops as Democrats release updated Biden tax plan, eyes on corporate rate Nikkei 225 could follow Wall Street’s rather rosy …

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. All of this can affect supply and demand. Now they are also monitoring medical records for COVID-19 infection rates. Market participants in oil producers, buyers, traders and investors fear …

Demand for U.S. petroleum products has increased while production only rose last week, the Energy Information Administration (EIA) said. The result: a significant drop in national oil inventories that left inventories well below historical averages. Certainly, the fallout from Hurricane Ida and the continued impacts of the Delta coronavirus variant are adding wrinkles for weeks …

For the week just ended, the local rating was higher throughout the week as investor confidence was restored following Malaysia’s latest political developments. – AFP photo KUALA LUMPUR, Aug 28 – The ringgit is expected to experience headwinds next week, trading between RM 4.19 and 4.21 against the US dollar, said Adam Mohamed Rahim, economist …

Our high school soccer practices have been great except last Wednesday. The coach had to remind the boys what it means to be a TEAM. In my motivational minute after practice, I told the story of another team a few years ago that didn’t have as much talent as the current team. We were playing …

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters Oil prices fell on Wednesday after the White House called on OPEC and its allies to increase oil production to support the global recovery from the pandemic. West …

After weeks of rising oil prices, oil companies announced Monday that they would cut fuel prices at the pump this week. Gasoline prices will drop by 0.65 P per liter, diesel by 0.70 P per liter and kerosene by 0.75 P per liter. The new price adjustment takes effect at 6 a.m. on Tuesday August …

India’s crude oil imports tab for the first quarter of its fiscal year climbed 190% to $ 24.7 billion, although volumes rose only modestly, 14.7% on the year, reports the Hindustan Times. The substantial increase reflects the sustained increase in international oil prices, once again underscoring the overwhelming dependence on foreign oil of major global …

The minute of the Friday market Global stocks were mixed ahead of the US jobs report, with Asia sliding on concerns over the Delta variant and Europe retaining gains on earnings strength. Yields on benchmark 10-year bonds rise to 1.247% ahead of July wages, with investors betting a higher-than-expected reading for new job additions. Oil …

President Joe Biden answers questions from reporters after speaking about the timing of coronavirus vaccinations at Home in Washington, DC, July 29, 2021. (Evelyn Hockstein / Reuters) Rather than let US oil producers step in, the president calls on our nation’s adversaries. President Biden’s the goal of ending oil production in the United States does …

Marlet Updated: July 23, 2021 08:18 IST Indian stock indices are expected to open flat on Friday following mixed indices from their global peers. The trend on SGX Nifty indicates a flat to positive start for the broader index in India. Nifty futures were trading 8.55 points or 0.05% higher at the 15,832 level on …

Australian gasoline is expected to become cheaper after a decision to increase global fuel production. The NRMA said oil prices could drop as much as four cents per liter thanks to the Organization of the Petroleum Exporting Countries (OPEC) decision to increase production volumes. “With OPEC finally agreeing to increase oil production, there is a …

OPEC and a group of Russian-led allied oil producers are expected to meet on Sunday, when delegates hope to strike a deal to release millions of barrels of oil they bottled at the start of the pandemic, as global demand is picking up and crude prices are rising. Earlier this month, the Organization of the …

NEW DELHI: Barely a week after assuming his new post as India’s Petroleum Minister, Hardeep Singh Puri has jumped into the vagaries of international oil diplomacy in search of a calm market as fuel prices soar in his country. On Wednesday, Puri called Sultan Ahmad Jaber, head of the Abu Dhabi National Oil Company and …

July 13 (UPI) – The International Energy Agency warned on Tuesday that a rift between the world’s largest cartel of oil producers and its allies means oil markets – and gas prices – are likely to be volatile for the foreseeable future. In his Oil Market Report, the IEA noted that global oil supplies, prices …

Disagreements among OPEC members have been a hallmark of the oil cartel since its inception just over 60 years ago. But what happened last week stands out not only because it happened against a backdrop of rising prices or because it pitted traditional allies of Saudi Arabia and the United Arab Emirates against each other. …

A standoff between Saudi Arabia and the United Arab Emirates over production plans has been a stumbling block to crude prices at the start of a shortened holiday week. The West Texas Intermediate on the New York Mercantile Exchange opened the week of trading on Tuesday, falling $ 1.79 to $ 73.37 per barrel as …

July 10, 2021 AN HOUR AFTER dawn Scott Sheffield is at the window of her 2,300-acre (930-hectare) Forked Lightning ranch in New Mexico, contemplating a day of fishing. The estate, previously owned by Jane Fonda, is crossed by a four mile river. It’s muddy right now, he says, but on a good day, a fly …

When it comes to cognitive dissonance, this is a classic. President Biden’s explicit political goal is to reduce US production of oil and gas, limiting the world’s supply of fossil fuels in the name of fighting climate change. Yet his administration is now imploring the OPEC oil cartel to pump more oil so that gasoline …

Global stocks were mixed on Monday in calm trading, with US markets closed after the July 4 holiday. London and Shanghai advanced, while Paris, Tokyo and Hong Kong fell. U.S. futures fell slightly after Wall Street closed a landmark week on Friday, with stock indexes hitting record highs as investors hailed a report showing the …

The UAE has pushed back a plan by the oil cartel of OPEC and allied producing countries to extend the global pact to cut oil production beyond April 2022, a rare statement revealing the country’s frustration with the group. The UAE’s energy ministry called the proposal to extend the deal for all of 2022 without …

The oil world is eagerly awaiting what exactly OPEC and its production brake partners will decide when they meet in Vienna this week. The cartel of oil producers is giving everyone a run for their money, with final decisions being delayed due to internal disagreements. The future of oil prices is on hold and OPEC …

RRoyal Dutch shell shares jumped 41.8p to 1,488.6p, following reports that the oil giant is considering leaving Aera, its California-based energy joint venture with ExxonMobil. Shell has divested many carbon-intensive assets this year as it shifts new investments to renewable forms of energy. In May, a Dutch court ordered Shell to reduce its greenhouse gas …

Band Marc Jones LONDON, July 1 (Reuters) – European financial markets got off to a good start in the second half on Thursday, with stocks pushing back a rapid re-acceleration of coronavirus cases in the region and the dollar and oil extending their strong first half rallies. Early gains of 1% in London .FTSE, Frankfurt …

New Delhi, June 29 (PTI) Ahead of a meeting of the OPEC oil producers cartel, India said on Tuesday that current oil prices are “very difficult” and that rates must be “a not very sober “so as not to have an impact on consumption. recovery of the global economy. Oil Minister Dharmendra Pradhan, who again …

This story features RIO TINTO LIMITED. For more information SHARE ANALYSIS: RIO A look at the latest expert opinions and forecasts on commodities: steel, Russian base metals, petroleum and OPEC, and green aluminum – Chinese steel industry slows as demand declines-Base metals markets could tighten with Russia’s proposed export tax-The oil supply / demand balance …

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 his two-week long trip to Washington DC where he had met several people whom he categorically refused to name. . “Oh, I was just kind of there,” Durham said …

Monday June 28 -Petrofac half-year results tuesday 29 june -Lamprell annual results -Results 1st semester Hunting -National UK House Price Survey – UK money supply growth figures – UK mortgage approvals and household lending data -Consumer Confidence Index from the United States Conference Board – Case-Shiller Home Price Index in the United States -In the …

Amy Myers Jaffe’s “Energy as a Problem Thinking Journey” began in 1973, waiting in those famous gas lines. She was not alone on this trip. The OPEC oil embargo was a defining event that haunted the thinking of policymakers for decades. It has inspired hundreds of books on energy policy. Some now argue that we …

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 by increased crude oil production in the United States. The continued restriction of drilling activity in the shale area would greatly facilitate the efforts of OPEC and its allies …

Brent crude futures rose 43 cents, or 0.6%, to $ 73.51 per barrel. U.S. West Texas Intermediate (WTI) crude rose 60 cents, or 0.8% to $ 71.64 a barrel Reuters | June 19, 2021 | Updated at 15:59 IST Oil futures rose on Friday, reversing initial losses and set for a fourth week of gains …

The Union government is in talks with state-owned energy companies and private refiners to synergize crude imports worth more than $ 100 billion a year so that they can collectively negotiate better prices from global oil producers at a time when auto fuel rates have skyrocketed ₹100 per liter in several Indian cities. Although refiners …

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 solar and wind power, Saudi Arabia sees a bright future for what it does best: oil. Let others indulge their fantasies that alternative fuels can negate the need for …

Editor’s Note: With such market volatility, stay up to date with the daily news! In minutes, discover our quick summary of today’s must-see news and expert opinions. Register here ! (Kitco News) – Gold and silver prices are lower and close to their daily lows at noon Tuesday. Present in both metals today, weak-handed bulls …

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 since October 2018. US crude oil prices hit US $ 71 a barrel this morning as a surge in demand has yet to be met by a strong supply …