Opec Supply News Today

judge blocks the fda approval of a key abortion medication. how the biden administration is planning to respond and china simulating strikes against taiwan after the nations president visited the us were live in beijing as tensions escalate. all right. welcome to our viewers in the united states and around the world. im christine romans. this is early start this morning. justice department officials are racing to find out how top secret u. s military documents were leaked online. the i...

killing 14 students and three staff members at marjorie stone douglas high school. kerry, what do we know at this hour? >> reporter: well, the families of the victims who have been enduring this really difficult penalty phase where all the information of every minute of every second of what happened have been notified by the court that the jury of 12 has now reached a decision on what the sentence will be and we expect that sentence will be delivered here at about 10:30. family members...

Demand will be concentrated in China, Brazil and India, with the three major economies set to account for nearly 80% of global growth this year

OPEC Oil: "Saudi Arabias sharp price cuts and OPECs increased production have offset supply concerns caused by escalating geopolitical tensions in the Middle East," said CMC Markets analyst Leon Li.

International Business News: Oil prices fall due to Saudi Arabia's price cuts and increased OPEC output. Geopolitical tension in the Middle East is a concern but has limited downs

The bank in a note dated Thursday said it expects a 0.7 million barrel per day (mb/d) deficit and a solid 1.6 million barrel per day demand growth in 2024.

Oil Prices: Brent futures edged up 4 cents, or 0.1%, to USD 77.46 a barrel at 0529 GMT. U.S. West Texas Intermediate crude (WTI) was at USD 72.95, up 5 cents, or 0.1%. Both have lost around a sixth of their value over the last four weeks.

Oil prices rise on higher Chinese demand and OPEC+ cuts, defying global economic weakness.

All of that is related to heating and gasoline would be the types of energy youre pumping into your car just to get from point a to point b. this is a really interesting point you bring up because even though those numbers are still high, over the past few months weve seen in gasoline and fuel oil some price declines and thats because of the nature of the opec supply increases we had seen until the recent meeting where the announcement was that opec would be cutting production. so the implicatio...