Tag: OPEC
What is Crude Oil Most Used For?
Jennifer -
Crude oil, a fossil fuel formed from the remains of ancient marine organisms, is one of the most significant commodities in the global economy....
How Do We Get Gasoline from the Earth?
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Gasoline, a vital fuel for transportation and industry, is derived from crude oil, a natural resource found beneath the Earth’s surface. The process of...
How to Turn Oil into Gasoline?
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The transformation of crude oil into gasoline is a complex and fascinating process that lies at the heart of the modern petroleum industry. This...
What Is the Most Expensive Type of Gasoline?
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The price of gasoline can vary significantly depending on several factors, including location, quality, and type. Among the various types of gasoline available, some...
Where Is Brent Oil From?
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Brent oil, often referenced in global financial markets, plays a pivotal role in the oil industry. It is one of the primary benchmarks for...
Macquarie Foresees “Heavy Surplus” for Oil in 2025, Lowers Price Forecast
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Macquarie has revised its oil price forecasts downward, predicting a significant surplus in the oil market over the next five quarters. The bank's latest...
Oil Prices Decline as U.S. Production Resumes and Rig Count Rises
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Oil prices eased on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and data revealed an increase in the U.S....
When Is Gas Price Lowest?
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Gasoline prices fluctuate based on a variety of factors, including seasonal demand, geopolitical events, and changes in the crude oil market. Understanding when gas...
What Country Pays the Most for Gasoline?
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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
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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
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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
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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...