crude

Market focus on OPEC+ meeting ignores US inventory increase for 6 consecutive weeks, crude oil rises, Brent reaches 3-week high | Anue Juheng – Energy

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Market focus on OPEC+ meeting ignores US inventory increase for 6 consecutive weeks, crude oil rises, Brent reaches 3-week high | Anue Juheng – Energy

International oil prices rose on Wednesday (29th) as investors focused on tomorrow’s OPEC+ meeting, which is expected to result in further supply cuts and ignored the sixth consecutive weekly increase in U.S. crude oil, gasoline and distillate inventories. Separately, traders also assessed the storm’s disruption to Black Sea crude oil shipments. However, negotiations between major … Read more

World Crude Oil Prices Close Higher After Iraq Supports OPEC+ Oil Cuts

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World Crude Oil Prices Close Higher After Iraq Supports OPEC+ Oil Cuts

Jakarta, CNBC Indonesia – World crude oil prices closed higher on Friday (10/11/2023) after Iraq supported OPEC+ oil cuts. The price of WTI crude oil closed up 1.89% at US$77.17 per barrel, as did Brent crude oil which closed up 1.77% to US$81.43 per barrel. However, within a week oil prices were still corrected, the … Read more

Crude Oil Futures Prices Rise on Weakening Dollar and Interest Rate Decision

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Crude Oil Futures Prices Rise on Weakening Dollar and Interest Rate Decision

Crude oil futures prices closed higher on Thursday (2nd) as the U.S. dollar weakened after the Federal Reserve (Fed) decided to keep key interest rates unchanged, halting the decline in oil prices after three days in a row. Energy Commodity Prices West Texas Intermediate (WTI) crude oil futures for December delivery rose $2.02, or 2.5%, … Read more

OPEC Predicts Strong Growth in Global Oil Demand Due to Resilient Global Economic Growth

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VIENNA, Sept. 12, 2023 (Xinhua) – The Organization of the Petroleum Exporting Countries (OPEC) expected strong growth in global oil demand in 2023 and 2024, thanks to “resilient” global economic growth. OPEC said in its monthly oil market report for September, published on Tuesday, that it expects global oil demand to rise by 2.44 million … Read more

Mega Oil Spill Forces Closure of Mexico’s Largest Oil Terminal, Causing Costly Losses in Peak Demand Season

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Mega Oil Spill Forces Closure of Mexico’s Largest Oil Terminal, Causing Costly Losses in Peak Demand Season

2023-08-02 04:50:54 [Mexico oil terminal is closed due to oil spill, the loss of export capacity in peak demand season is costly] Pemex has shut down the country’s largest oil export terminal due to an oil spill. On Sunday (July 30), a crude oil leak occurred in a hose set at the FPSO oil export … Read more

U.S. Stocks Mixed, Chinese Concept Stocks Fall, and Gold Futures Rise: Market Review

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U.S. Stocks Mixed, Chinese Concept Stocks Fall, and Gold Futures Rise: Market Review

Original title: Overnight external market: U.S. stocks mixed U.S. stocks were mixed, and the three major stock indexes all recorded gains for the week U.S. stocks ended mixed on Friday, with all three major indexes posting gains for the week. The market pays close attention to the second quarter earnings report of US stocks. JPMorgan, … Read more