Tag: OPEC
Will Oil Stocks Go Up in 2024?
Jennifer -
As investors seek to navigate the complexities of financial markets, one question looms large: Will oil stocks go up in 2024? The performance of...
Oil Steadies on OPEC+ Reassurances, Set for Third Weekly Loss
Jennifer -
Oil prices stabilized on Friday after key OPEC+ members, Saudi Arabia and Russia, indicated a possible pause or reversal in planned output increases. Despite...
Saudi Arabia Reduces July Arab Light Crude Oil OSP to Asia
Jennifer -
Saudi Arabia has adjusted its official selling price (OSP) for its flagship Arab Light crude oil to Asia for July, setting it at plus...
Oil Prices Rise Amid Expectations of September US Interest Rate Cut
Jennifer -
Oil prices continued to climb on Thursday, supported by growing expectations of an interest rate cut from the U.S. Federal Reserve in September. However,...
Oil Prices Near Four-Month Low Amid OPEC+ Supply Outlook and Rising U.S. Stocks
Jennifer -
Oil prices remained near four-month lows on Wednesday as markets anticipated a supply increase later this year when OPEC+ begins to unwind some output...
Stocks Gain on Rate-Cut Wagers as ECB Meeting Looms
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World shares rose on Wednesday and the dollar steadied with a European Central Bank policy meeting coming into focus following soft U.S. labor market...
OPEC+ Extends Deep Oil Production Cuts into 2025
Jennifer -
On Sunday, OPEC+ announced the extension of its significant oil output cuts well into 2025, aiming to stabilize the market amid lukewarm demand growth,...
European Shares Rally, Anticipating ECB Rates Move
Jennifer -
European markets experienced a rebound on Monday, with government bond yields dropping, as investors awaited a potential interest rate adjustment from the European Central...
Oil Prices Steady Amid Rate and Inflation Concerns, Despite Large Inventory Draw
Jennifer -
Oil prices remained steady in Asian trade on Thursday as optimism over a larger-than-expected draw in U.S. inventories was tempered by caution ahead of...
Oil Prices Dip Amid Demand Concerns; U.S. Stockpiles Data Awaited
Jennifer -
Oil prices eased on Thursday as robust U.S. economic activity suggested that borrowing costs might remain elevated for a longer period, potentially dampening demand....
Oil Prices Rise on Expectations of OPEC+ Maintaining Output Cuts and Summer Demand Surge
Jennifer -
In Asian trading on Wednesday, oil prices saw an uptick as market participants anticipated major producers to uphold output cuts at an upcoming meeting...
UBS Bullish on Oil, Gold, and Copper Amid Geopolitical Uncertainty
Jennifer -
UBS reaffirmed its optimistic stance on oil, gold, and copper amidst escalating geopolitical tensions in the Middle East. The recent surge in tensions was triggered...