Tag: OPEC
What Country Pays the Most for Gasoline?
Jennifer -
The price of gasoline varies significantly across the world, driven by a complex interplay of factors such as taxes, government subsidies, market conditions, and...
Oil Prices Extend Losses Amid Weak Demand and Higher OPEC+ Supply Expectations
Jennifer -
Oil prices continued their decline on Monday, driven by a combination of anticipated increases in OPEC+ production and signs of weak demand growth in...
USD/CAD Rises to Near 1.3500 as Oil Prices Decline
Jennifer -
The USD/CAD exchange rate has recently moved up to approximately 1.3500, driven by lower crude oil prices impacting the commodity-linked Canadian Dollar (CAD). This...
Exxon Mobil Predicts Steady Oil Demand Through 2050, Defying Global Net-Zero Goals
Jennifer -
Exxon Mobil, one of the world’s largest oil companies, forecasts that global oil demand will remain steady—or even increase slightly—by 2050, challenging efforts to...
Oil Prices Decline for Fifth Consecutive Session Amid Demand Concerns
Jennifer -
Oil prices fell for the fifth straight session on Thursday, driven by growing worries about global demand, despite a recent drop in U.S. fuel...
Why Is Hong Kong Petrol So Expensive?
Jennifer -
Hong Kong, known for its bustling economy and high standard of living, faces one of the highest petrol prices in the world. The cost...
Oil Prices Decline as Middle East Tensions Ease and China Data Weakens
Jennifer -
Oil prices fell approximately 1% to a two-week low on Tuesday due to a combination of easing Middle East supply concerns and disappointing economic...
Oil Prices Steady as Economic Fears Outweigh Geopolitics
Jennifer -
Oil prices remained relatively stable, with Brent crude North Sea oil slightly up by USD 0.15 to USD 79.91/bbl, and WTI rising by USD...
Oil Prices Dip After Five-Day Rally Amid Middle East Tensions and OPEC Forecasts
Jennifer -
Oil prices declined after a five-day rally, as concerns over escalating tensions in the Middle East were balanced by signs of weakening global demand...
Oil and Gold Prices Surge Amid Rising Middle East Tensions
Jennifer -
Crude oil and gold prices have surged due to escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. This...
OPEC+ Likely to Maintain Output Policy Amid Oil Price Declines
Jennifer -
On Thursday, OPEC+ ministers are set to meet to review their oil production policy, with expectations leaning towards maintaining the current strategy. Despite recent...
Oil Prices Surge Over 1% on Reports of Hamas Leader’s Death
Jennifer -
Oil prices surged over 1% in Asian trading on Wednesday following reports that Ismail Haniyeh, a leader of the Palestinian militant group Hamas, was...