| Date | Title | Description |
| 13.09.2024 | China's Economic Pulse: A Cautious Recovery Amidst Lending Woes | China's economic landscape is a delicate dance, marked by uncertainty and cautious optimism. Recent data reveals a significant uptick in new bank lending for August, yet the figures fall short of expectations. This paints a picture of a nat... |
| 13.09.2024 | Oil Prices Continue Rally, Capping a Volatile Week
BPRL, IOCL JV secures first full production concession in Abu Dhabi
UN Warns of 300% Mineral Demand Spike, Urges Supply Chain Reforms
Land conflicts,... | OIL & GAS Oil Prices Continue Rally, Capping a Volatile Week
13 Sep 2024 3 Min Read CW Team
Oil prices continued their rally, which was initiated by output disruptions in the U.S. Gulf of Mexico. These disruptions were caused by Hurrica... |
| 13.09.2024 | India's crude imports steady at 4.6 mb/d; product imports up 19% in July
BPRL, IOCL JV secures first full production concession in Abu Dhabi
UN Warns of 300% Mineral Demand Spike, Urges Supply Chain R... | OIL & GAS India's crude imports steady at 4.6 mb/d; product imports up 19% in July
13 Sep 2024 3 Min Read CW Team
India’s crude oil imports in July maintained a steady average of 4.6 million barrels per day (mb/d), following typical sea... |
| 10.09.2024 | OPEC again lowers 2024, 2025 global oil demand growth view | EnergyOPEC
Gas
OPEC again lowers 2024, 2025 global oil demand growth view
By Alex LawlerSeptember 10, 202412:02 PM UTCUpdated ago
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| 07.09.2024 | Market Whirlwind: Jobs Data Sends Ripples Through Global Equities | The financial landscape is a tempest. Recent economic data has stirred the waters, leaving investors grappling with uncertainty. Global equities are faltering, and the once-steady pulse of the market is now erratic. On September 5, 2024, th... |
| 07.09.2024 | Goldman Sachs expects OPEC+ production increases to start in December | EnergyOPEC
Goldman Sachs expects OPEC+ production increases to start in December
By ReutersSeptember 7, 202412:11 AM UTCUpdated ago
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| 06.09.2024 | Global stock index, Treasury yields fall after mixed US jobs report | NEW YORK/LONDON :MSCI's global equities gauge fell more than 1 per cent on Friday and U.S. Treasury yields dropped as investors worried about the health of the economy after a mixed U.S. jobs report cemented expectations for the Federal Res... |
| 06.09.2024 | Oil steadies on US crude stock drawdown, OPEC+ output hikes delay | Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed U.S. employment data.
Brent crude futures rose 19 cents, or 0.... |
| 05.09.2024 | Morning Bid: Markets hit tentative pause on selloff | European MarketsMorning Bid: Markets hit tentative pause on selloff
By ReutersSeptember 5, 20244:42 AM UTCUpdated ago
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| 04.09.2024 | OPEC+ discussing delay to planned oil output hike in October, sources say | LONDON :OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9 months, three sources from the producer group told Reuters on Wednesday.
Last week, the group looked set to proceed with a 180,0... |
| 03.09.2024 | Oil Prices: A Tug of War Between Supply and Demand | Oil prices are on a rollercoaster ride. They rise and fall, influenced by a myriad of factors. Recently, we’ve seen a slight uptick in prices, but the road ahead is fraught with uncertainty. The global oil market is a complex web, where eac... |
| 03.09.2024 | Oil Prices Drop Amid OPEC Supply Concerns
RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
Air taxis set to transform urban travel and dominate the skies soon
Unitech resumes ... | OIL & GAS Oil Prices Drop Amid OPEC Supply Concerns
03 Sep 2024 4 Min Read CW Team
Oil prices have continued to decline, driven by concerns over potential increases in OPEC supply. This development reflects broader uncertainties in the ... |
| 03.09.2024 | Oil edges higher as halted Libyan exports balance expected OPEC+ supply boost | :Oil prices edged higher on Monday, recovering some losses from late last week, as Libyan oil exports remained halted and concerns about higher OPEC+ production from October eased.
U.S. West Texas Intermediate crude rose 49 cents, or 0.7 pe... |
| 03.09.2024 | Oil prices fall as demand concerns overshadow Libyan export halt | EnergyTransport Fuels
Oil prices fall as demand concerns overshadow Libyan export halt
By Colleen Howe and Emily ChowSeptember 3, 20245:28 AM UTCUpdated ago
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| 02.09.2024 | Shares, currencies turn cautious into payrolls clincher | SYDNEY :Share markets were subdued in Asia on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized.
A holiday in the Unit... |
| 30.08.2024 | Oil settles $1 down as supply set to rise, uncertainty around Fed rate cuts | HOUSTON :Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. interest rate cut next month, following data showing strong consumer spending... |
| 28.08.2024 | The Ripple Effect: Oil Demand Forecasts and Economic Currents | The world of oil is a complex web, intricately woven with economic threads. Recently, Morgan Stanley adjusted its 2024 oil demand forecast, a move that ripples through global markets. The bank now predicts an increase of 1.5 million barrels... |
| 27.08.2024 | Morgan Stanley sinks 2024 oil demand forecast amid China slowdown
hBits Seeks SEBI License for Small and Medium REITs
JSW Neo Energy Wins 200 MW Wind-Solar Hybrid Project
Chatterjee Group Seeks Partne... | OIL & GAS Morgan Stanley sinks 2024 oil demand forecast amid China slowdown
27 Aug 2024 3 Min Read CW Team
Morgan Stanley has revised its global oil demand growth forecast for 2024, citing a slower-than-expected economic growth in China... |
| 26.08.2024 | OPEC's Limited Scope for Oil Supply Increase: BP
TOTO India celebrates 10 years of manufacturing excellence in Gujarat
A Forest of Memories
Bhopal lags behind Indore Metro Project Works | OIL & GAS OPEC's Limited Scope for Oil Supply Increase: BP
26 Aug 2024 3 Min Read CW Team
According to the Chief Economist at BP, OPEC's ability to significantly increase oil supplies is constrained by current production limits and mark... |
| 22.08.2024 | The Shifting Sands of Global Oil Demand and Infrastructure Development | The global oil landscape is shifting. Recent reports indicate a significant decline in diesel demand from China, the world's second-largest economy. This drop, measured at 11% year-over-year in June, signals a seismic shift in energy consum... |
| 22.08.2024 | Oil Minister disputes OPEC data, insists Nigeria’s crude oil production is 1.7 million barrels daily | The State Minister of Oil, Heineken Lokpobiri, has insisted that the country is producing 1.7 million barrels of crude oil daily including condensates.
Lokpobiri made this disclosure during a keynote speech at an energy summit on Wednesday ... |
| 21.08.2024 | China's Diesel Demand Drops 11%
Centralised Terminal Hubs Planned in Katra, Tirupati, Varanasi, Nagpur
Central Government Approves Thane Metro Project
Central Government Approves Bangalore Metro Phase... | OIL & GAS China's Diesel Demand Drops 11%
21 Aug 2024 2 Min Read CW Team
China's diesel demand fell by 11% year over year in June, reaching 3.9 million barrels per day, marking the largest percentage drop since July 2021, according to t... |
| 14.08.2024 | India's Oil Landscape: A Balancing Act Amid Global Shifts | India's oil landscape is a complex tapestry woven with threads of demand, imports, and global market dynamics. As the world's third-largest oil consumer, India plays a pivotal role in shaping the future of energy. Recent reports reveal a nu... |
| 13.08.2024 | India's oil demand to grow by 6.6% in 2024
BEML Plans to Export Vande Bharat Metro Trains
Metro Depot for Driverless Trains Planned in Chennai
Major Cement Companies Report Volume Growth, Revenue Mute... | OIL & GAS India's oil demand to grow by 6.6% in 2024
13 Aug 2024 3 Min Read CW Team
India's oil demand is expected to grow by 6.6% in 2024, according to the latest OPEC Monthly Oil Market Report. This growth positions India as a key con... |
| 13.08.2024 | India's oil imports dip in June
BEML Plans to Export Vande Bharat Metro Trains
Metro Depot for Driverless Trains Planned in Chennai
Major Cement Companies Report Volume Growth, Revenue Muted | OIL & GAS India's oil imports dip in June
13 Aug 2024 2 Min Read CW Team
India's crude oil imports experienced a decline in June 2024, averaging 4.5 million barrels per day (mb/d), following strong levels in the previous two months.
Thi... |
| 12.08.2024 | Oil prices jump on prospect of widening Mideast war curtailing global supply | EnergyTransport Fuels
Oil prices jump on prospect of widening Mideast war curtailing global supply
By Laila KearneyAugust 12, 20247:26 PM UTCUpdated ago
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| 05.08.2024 | Large revisions to US energy data leave traders and analysts befuddled | EnergySecurities Enforcement
Capital Markets
Large revisions to US energy data leave traders and analysts befuddled
By Shariq KhanAugust 5, 20244:04 PM UTCUpdated ago
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| 25.07.2024 | DaVita's Kickback Controversy: A Deep Dive into Healthcare Ethics**
** | ** DaVita Inc., a prominent player in the healthcare landscape, finds itself in a storm of allegations. The company, based in Denver, Colorado, is accused of engaging in a kickback scheme that undermines the integrity of the healthcare syst... |
| 20.07.2024 | Agent commissions are getting more transparent — but critics still say the real estate industry operates as a ‘cartel’ | As for the cartel allegations, “The statement is not true,” says NAR spokesman Mantill Williams. “NAR is a trade association that provides its members benefits such as educational opportunities, leading economic research, national property ... |
| 10.07.2024 | Global oil market will be in supply deficit next year, EIA says | NEW YORK :Global oil demand will outpace supply next year, the U.S. Energy Information Administration said on Tuesday, reversing a prior forecast for a surplus.
The change came after OPEC and its allies, collectively known as OPEC+, extende... |
| 13.06.2024 | Nigeria’s crude oil production in May falls to 1.25 million bpd – OPEC | Nigeria’s average crude oil production in May fell to 1.25 million barrels daily in May from 1.28 million bpd recorded in April 2024.
This represents a decline of 30 thousand bpd when compared to the 1.28 million bpd recorded in the previou... |
| 12.06.2024 | World will amass 'major' oil surplus by 2030: IEA | PARIS: The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said on Wednesday (Jun 11).
Global demand is expected to "le... |
| 11.06.2024 | Jets are burning fuel like it’s 2019 | Coming any minute now to a sky near you: a plane packed with people going on holiday, leaving wispy white contrails in its wake and memories of Covid-19 that seem like a bad dream.
The world is flying again. In the third quarter, 10.5 milli... |
| 06.06.2024 | Oil up on Fed rate cut expectations, but OPEC+ supply decision caps gains | EnergyStorageChevron
Transport FuelsChevron
Oil up on Fed rate cut expectations, but OPEC+ supply decision caps gains
By Jeslyn LerhJune 6, 20247:08 AM UTCUpdated ago
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| 05.06.2024 | Oil rises 1% as Fed rate cut optimism offsets demand fears | HOUSTON :Oil prices climbed 1 per cent on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand concern after data showed builds in U.S. crude and fuel stocks... |
| 04.06.2024 | Stocks, commodities slip as soft US data signals cooling economy | NEW YORK/LONDON :World stocks and commodities slid on Tuesday as investors turned uneasy about evidence that the U.S. economy's "exceptionalism" may be starting to unwind, after data showed surprising weakness in business activity... |
| 04.06.2024 | Asian shares weaken as Indian election results roll in | MarketsAsian shares weaken as Indian election results roll in
By Scott MurdochJune 4, 20246:21 AM UTCUpdated ago
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| 03.06.2024 | Oil dives 3%, OPEC+ decision fails to allay demand worries | NEW YORK :Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the demand outlook and took a complicated OPEC+ output decision as a sign that members of the producer group were eager to export m... |
| 03.06.2024 | Asia shares rally on promise of rate relief, factories rev up | MarketsAsia shares rally on promise of rate relief, factories rev up
By Wayne ColeJune 3, 20245:48 AM UTCUpdated ago
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| 02.06.2024 | OPEC+ seen prolonging oil cuts in 2024 and into 2025, two sources say | EnergyOPECChevron
Transport FuelsChevron
OPEC+ seen prolonging oil cuts in 2024 and into 2025, two sources say
By Ahmad Ghaddar, Alex Lawler and Maha El DahanJune 2, 20248:25 AM UTCUpdated ago
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| 02.06.2024 | OPEC+ extends oil output cuts to 3rd qtr in bid to support prices: Report | - |
| 02.06.2024 | OPEC+ agrees to extend deep oil production cuts into 2025 | - |
| 31.05.2024 | Oil slips after Fed signals no rush to cut rates as key US inflation data awaited | EnergyStorageChevron
Transport FuelsChevron
Oil slips after Fed signals no rush to cut rates as key US inflation data awaited
By Georgina Mccartney and Colleen HoweMay 31, 20246:47 AM UTCUpdated ago
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| 31.05.2024 | OPEC meeting to shape India's Russian oil purchases as May levels stay high | - |
| 31.05.2024 | Oil settles down ahead of OPEC+ meeting, posts weekly loss | NEW YORK :Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group's output cuts.
Brent futures for July delivery were down 24 cents, or 0.3 per ce... |
| 31.05.2024 | Stocks lose steam after US data | LONDON :MSCI's global equities index gave up earlier gains on Friday after data showed modest U.S. inflation in April, while the dollar fell with Treasury yields as investors still bet on Fed interest rate cuts this year.
The U.S. Commerce ... |
| 31.05.2024 | Stocks rebound while dollar, Treasury yields fall after US data | NEW YORK/LONDON :MSCI's global equities index staged an afternoon rebound on Friday as investors repositioned for month-end, while the dollar fell with Treasury yields as data showed a modest rise in U.S. inflation in April.
After spending ... |
| 30.05.2024 | Oil mostly steady ahead of U.S stockpile data amid downward pressure | EnergyStorageChevron
Transport FuelsChevron
Oil mostly steady ahead of U.S stockpile data amid downward pressure
By Katya Golubkova and Jeslyn LerhMay 30, 20244:00 AM UTCUpdated ago
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| 29.05.2024 | Bond yields jump and stocks wilt as rate cut doubts resurface | Previous
FILE PHOTO: Passersby walk in front of an electric screen displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan March 21, 2024. REUTERS/Issei Kato/FILE PHOTO
FILE PHOTO: Traders work on the floor at the New Yo... |
| 29.05.2024 | Oil advances as major producers expected to keep output cuts in place | EnergyStorageChevron
Transport FuelsChevron
Oil advances as major producers expected to keep output cuts in place
By Mohi NarayanMay 29, 20243:34 AM UTCUpdated ago
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| 29.05.2024 | Oil prices gain on expectations OPEC+ will extend output cuts | LONDON :Oil prices grazed a four-week high on Wednesday on expectations that major producers will extend output cuts at a meeting on Sunday and that fuel consumption will start rising as the peak summer demand season kicks off.
Brent crude ... |
| 28.05.2024 | Global equity index dips, yields rise with inflation data in focus | Previous
FILE PHOTO: People walk on an overpass past office towers in the Lujiazui financial district of Shanghai, China October 17, 2022. REUTERS/Aly Song/File Photo
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYS... |
| 28.05.2024 | Oil prices up on prospect of Opec+ holding cuts, weaker US dollar | - |
| 28.05.2024 | Oil up on OPEC+ meeting, summer driving season and weaker US dollar | NEW YORK :Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of U.S. summer driving season and a weaker dollar also boosted the commodity.... |
| 24.05.2024 | Oil steady as investors weigh U.S. rate fears, firmer seasonal demand | EnergyRefiningChevron
Transport FuelsChevron
Oil steady as investors weigh U.S. rate fears, firmer seasonal demand
By Georgina Mccartney and Jeslyn LerhMay 24, 20243:35 AM UTCUpdated ago
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| 23.05.2024 | Senate oil investigations likely to be limited | figcaption>span]:font-sans">
Senate Majority Leader Chuck Schumer is asking for yet another Justice Department probe of oil companies.
Why it matters: Democrats are escalating a series of allegations about industry misconduct, as... |
| 21.05.2024 | Crude oil to trade in narrow range ahead of Opec meeting; check key levels | - |
| 07.05.2024 | API Kicks off Summer Driving Season with Ad Series on America's Energy Advantages | WASHINGTON, May 7, 2024 /PRNewswire/ -- The American Petroleum Institute (API) today launched a new ad series in key states ahead of the summer driving season urging policymakers to harness America's abundant oil and natural gas – an econom... |
| 03.05.2024 | Oil prices set for steepest weekly drop in three months | LONDON :Oil prices steadied on Friday after weaker-than-expected U.S. jobs data, but kept on course for their steepest weekly loss in three months, weighed by concerns about demand and high interest rates.
Brent crude futures for July were ... |
| 03.05.2024 | US approves Exxon-Pioneer deal, alleges shale founder colluded with Opec | - |
| 02.05.2024 | Opec+ producers could extend oil cuts, formal talks yet to start: Report | - |
| 02.05.2024 | FTC will allow Exxon's megadeal with Pioneer in major oil consolidation move | figcaption>span]:font-sans">
The Federal Trade Commission won't seek to block Exxon's $60 billion deal for Pioneer Natural Resources after securing agreement that ex-Pioneer CEO Scott Sheffield won't serve on the board.
Why it ma... |
| 26.04.2024 | Oil settles higher on supply concerns in the Mideast, economic woes subdue gains | HOUSTON :Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling.
Bre... |
| 25.04.2024 | Hardeep Puri Engages in Discussions with OPEC Secretary-General on Global Oil Market Volatility | OIL & GAS Hardeep Puri Engages in Discussions with OPEC Secretary-General on Global Oil Market Volatility
25 Apr 2024 2 Min Read CW Team
Hardeep Singh Puri, India's Petroleum and Natural Gas Minister, recently engaged in discussions wit... |
| 23.04.2024 | Hardeep Puri Discusses Global Oil Market Volatility | OIL & GAS Hardeep Puri Discusses Global Oil Market Volatility
23 Apr 2024 2 Min Read CW Team
In a recent meeting between Hardeep Puri, India's Minister of Petroleum and Natural Gas, and the Secretary-General of the Organization of the P... |
| 23.04.2024 | Petroleum Minister discusses global oil market volatility | ECONOMY & POLICY Petroleum Minister discusses global oil market volatility
23 Apr 2024 2 Min Read CW Team
In a recent meeting between Hardeep Puri, India's Minister of Petroleum and Natural Gas, and the Secretary-General of the Organiza... |
| 20.04.2024 | Analysis:Ample oil supplies limit impact of MidEast flare-up on prices | Previous
FILE PHOTO: Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Miniatures of oil barrels and a rising stock... |
| 19.04.2024 | Oil prices steady after Iran plays down reported Israeli attack | NEW YORK :Oil steadied on Friday following an earlier price spike of more than $3 a barrel after Iran played down a reported Israeli attacks on its soil, in a sign that an escalation of hostilities in the Middle East might be avoided.
Brent... |
| 14.04.2024 | Kazakhstan to compensate for exceeding OPEC+ quota in March | ALMATY :Kazakhstan will compensate for exceeding its oil production quota under the OPEC+ agreement in March, the country's energy ministry said in a statement on Sunday.
The ministry said that according to "secondary sources", Ka... |
| 05.04.2024 | Brent boosted by geopolitics, jumps over $90 | Source: Yahoo Finance; Chart: Deena Zaidi/Axios Visuals
Brent crude hit levels around $91 per barrel on Thursday, the highest since October 2023, with markets getting more anxious about increasing geopolitical risks.
Why it matters: After m... |
| 04.04.2024 | FMCG companies to face Q4 volume pressure amid sluggish rural demand | Fast-moving consumer goods (FMCG) companies anticipate sustained volume pressures in the January-March quarter (Q4) coupled with sluggish rural growth during the period.
Brokerages estimate top-line growth to be in low single digits in the ... |
| 03.04.2024 | Enhance biz environment, boost non-farm jobs via trade openness: World Bank | Even as labour productivity and the working-age population are slowing in the South Asian region, countries in the region, including India, need to remove obstacles to growth for businesses, increase openness to international trade, ease la... |
| 02.04.2024 | OPEC+ unlikely to change output policy at panel meeting | LONDON : An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting later on Wednesday, three OPEC+ sources told Reuters, following the producers' earlier decision to extend voluntary oil output cuts unti... |
| 01.04.2024 | India's power consumption subdued at 1.4% to 129.89 bn units in March | India's power consumption growth remained subdued at 1.4 per cent to 129.89 billion units (BU) in March as compared to the year-ago period mainly due to pleasant weather, according to government data.
In March 2023, power consumption stood ... |
| 13.03.2024 | Oil higher on strong US demand, Fed policy in focus | EnergyStorage
Transport Fuels
Oil higher on strong US demand, Fed policy in focus
By Katya Golubkova and Jeslyn LerhMarch 13, 20244:32 AM UTCUpdated ago
A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. Nov... |
| 09.01.2024 | AI predicts oil price for the end of 2024 | Given its many functions and importance – as a lucrative commodity, a crucial resource for daily life, and a critical tool in the national security arsenal, just to name a few – it is, perhaps, alarming that oil has had an interesting 2023 ... |
| 15.09.2023 | Fossil Fuel Peak: OPEC Counters International Energy Agency's Claims, Says Its Leads to 'Chaos' | Isaiah Richard, Tech Times 15 September 2023, 09:09 pm
The Organization of the Petroleum Exporting Countries (OPEC) has released a statement that addressed what the International Energy Agency recently said about the fossil fuel "peak&... |
| 03.08.2023 | Цена Urals в июле превысила предельно установленную цену EC — теперь это признал и Минфин | Средняя цена нефти марки Urals по данным Минфина
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По данным Минфина, средняя цена Urals в июле составила $64,37 (-17,9% г/г), а в июне $55,28 (-36,6% г/г). Средняя цена Urals по итогам 7 месяцев составила — $53,94... |
| 21.07.2023 | As Oil Hits $80, Guyana Accelerates Its ‘Crude’ Boom Via Q3 2023 Auction | Guyana - one of Latin America's smallest nations - is in the midst of an oil production bonanza.getty |
| 07.04.2023 | Gas prices are on the rise again and drivers can expect more increases to come after steep oil production cuts by OPEC+ | US gas prices have hit a five-month high, fuel-tracker GasBuddy said Thursday.
Americans are paying an average of $3.54 a gallon to fill-up their vehicles, and $3.65 is in sight.
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Americans are seeing gas prices touch five-mont... |
| 05.04.2023 | Bank of America says buy these 17 oil stocks that have upsides of up to 180% as OPEC tightens supply and gas prices are expected to rise | The global supply of oil will remain tight due to the lack of capital expenditure in the sector. sefa ozel/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
As OPEC tightens su... |
| 04.04.2023 | US stocks end mixed as energy sector rides surge in oil prices while tech stocks fall | US stocks ended Monday's session mixed. The energy sector jumped alongside crude oil prices.
Brent and WTI oil soared after OPEC+ announced production cuts will start in May.
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US stocks finished Monday's session mixed as a jump... |
| 04.04.2023 | OPEC Fund Contributes $40 Million Financing to Two Wind Farms in Uzbekistan | Listen to this story:
The OPEC Fund for International Development (the OPEC Fund) has signed two separate US$20 million loan agreements with ACWA Power to support the construction and operation of the 500 MW Dzhankeldy wind farm and the 500... |
| 03.04.2023 | US stocks trade mixed as oil surges on unexpected production cut by OPEC+ | US stocks were mixed Monday, with oil prices in focus.
Yields rose with oil prices surging after OPEC+ announced production cuts of 1.6 million barrels of oil a day starting in May.
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Stocks were mixed Monday as trading in the s... |
| 03.04.2023 | OPEC Surprise Oil Cut Underscores Biden’s Missed Opportunity To Refill Strategic Reserves | Saudi Arabia oil minister Abdulaziz bin Salman warned last year about the dangers of not refilling ... [+] strategic petroleum reserves when the opportunity arose. AFP via Getty Images |
| 15.03.2023 | OPEC Fund Approves Over $300 Million in New Financing and Delivers on its Climate Action Plan | Listen to this story:
The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution’s commitment to fulfilling its Climate Action ... |
| 07.12.2022 | Days after the EU's $60/barrel price cap kicked in, oil prices slump to pre-Ukraine war levels over economic uncertainty | Oil futures slumped Tuesday to levels not seen before Russia invaded Ukraine.
Traders are worried about oil demand in the face of economic uncertainties.
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Just days after an EU price cap of $60 a barrel price cap for Russian cr... |
| 05.12.2022 | Oil prices rise as OPEC maintains production-cut targets and China's thawing Covid-zero stance sparks hope of demand recovery | Crude oil futures jumped on Monday after OPEC said its oil policy will remain unchanged from October.
The group has been cutting oil output by 2 million barrels a day due to "market considerations."
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Oil futures rose ... |
| 04.12.2022 | OPEC maintains oil targets amid uncertainty over Russian sanctions | The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions against Russia that could take significant am... |
| 01.11.2022 | OPEC raises long-term oil demand view, calls for over $12 trn investment | OPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday and said$12.1 trillion of investment is needed to meet this demanddespite the energy transition.
The view from the Organiza... |
| 31.10.2022 | Нефть не спешат хоронить | Спрос на энергию в мире продолжит расти высокими темпами, при этом нефтяная отрасль сталкивается с рисками недостаточного объема инвестиций, говорится в опубликованном в понедельник ежегодном обзоре ОПЕК по рынку нефти до 2045 года. Авторы ... |
| 31.10.2022 | ОПЕК прогнозирует снижение добычи нефти в России до 2027 года | Организация стран—экспортеров нефти (ОПЕК) представила долгосрочный прогноз World Oil Outlook. Согласно прогнозу, нефть останется самым востребованным видом топлива в мире в 2045 году, при этом объем добычи нефти в России будет снижаться вп... |
| 31.10.2022 | Opec raises long-term oil demand view, calls for $12.1 trillion investment | By Alex Lawler
ABU DHABI (Reuters) - OPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand despite the energy... |
| 31.10.2022 | OPEC’s Vision for Oil Looks Bullish for Energy, Bleak for the Climate | The U.S. shale-oil boom could peak by the end of the decade, putting OPEC in the driver’s seat to fulfill growing global oil demand afterward, the cartel said in its annual report released on Monday.
The report predicts a declining role for... |
| 11.10.2022 | JPMorgan boss Jamie Dimon says the US, not Saudi Arabia, is the 'swing producer' of oil and urges it to pump more oil days after the OPEC announced a production cut | JPMorgan CEO Jamie Dimon says the US should pump more oil amid the global energy crisis.
Energy prices have gained sharply after the major exporter Russia invaded Ukraine in February.
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JPMorgan CEO Jamie Dimon said the US shoul... |
| 10.10.2022 | Weekly Economic Index: World Bank lowers Nigeria’s 2023 economic growth forecast to 3.3% | The World Bank has lowered its economic growth forecast for Nigeria in 2023 to 3.2 per cent from 3.3 per cent, citing deceleration in global growth, the Russin-Ukraine war, and declining demand from China for commodities produced in Africa.... |
| 07.10.2022 | Oil prices have surged 13% in 5 days for their biggest weekly gain since March - and OPEC's production cuts set them up to stay higher for longer, Barclays says | Oil prices rose Friday and were on course for their biggest weekly advance in seven months.
WTI oil futures have bulked up nearly 13% for the week that centered on the OPEC+ meeting.
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Oil prices on Friday were on course to log ... |
| 06.10.2022 | Oil prices rise after OPEC+ agrees to cut production by 2 million barrels a day, extending a winning streak to a 3rd session | Oil prices rose Wednesday after OPEC+ said it will cut production by 2 million barrels a day starting in November.
The group said "uncertainty" surrounding the global economic outlook fed into its decision.
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Oil price... |
| 05.10.2022 | The White House is making a last-minute bid to stop OPEC+ slashing oil production, report says | The White House is trying to stop OPEC from making supply cuts, according to CNN.
OPEC's members meet Wednesday and are widely expected to slash oil production to push up crude prices.
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The White House is making a last-gasp att... |
| 05.10.2022 | ОПЕК+ засушила рукава | Альянс ОПЕК+, включающий крупнейших производителей нефти Саудовскую Аравию и Россию, на фоне надвигающейся рецессии в мировой экономике решил сократить добычные квоты сразу на 2 млн баррелей в сутки. В результате квоты Саудовской Аравии и Р... |
