Russia's Crude Oil Exports Top Its OPEC+ Target
Russia boosted its crude oil exports in late December and early January vessel-tracking data from Bloomberg showed.
Source: oilprice.com
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Biden Administration Plugs Away At Refilling Oil Stockpiles
The Biden Administration took one more baby step towards refilling the nation’s Strategic Petroleum Reserves (SPR), announcing on Friday a request for proposal for another 3 million barrels of crude oil for May delivery
Julianne Geiger Biden Administration Strategic Petroleum Strategic Petroleum Reserves Strategic Petroleum Reserve Pec
Source: oilprice.com
Analysts Predict a Challenging Year for Oil Prices in 2024
Analysts predict a challenging year for oil prices in 2024 due to oversupply, weak prices, and lukewarm demand growth, with potential impacts from geopolitical tensions and U.S. production increases.
Source: oilprice.com
Oil falls over 3pc as Saudi price cuts add to demand doubts
Force majeure declared at Libyan oilfield
Source: dunyanews.tv
Russia Honors OPEC+ Commitments with Reduced Oil Exports
Russia has adhered to its commitment to OPEC+, reducing crude oil exports in line with the agreed cuts for the first week of 2024.
Source: oilprice.com
OPEC December output rises before new cuts and Angola exit, BofA sees a volatile oil
Cartel’s output is still undershooting the targeted amount by almost 600,000 bpd
Saudi Arabia City Of United Kingdom America Bof Occidental Petroleum Organization Of The Petroleum Exporting Countries
Source: dunyanews.tv
Brent up $1.74, WTI $2.16 during the week amid Middle East tensions
Maersk diverts vessels from Red Sea for foreseeable future
Source: dunyanews.tv
Why Oil Prices Will Continue To Lag in 2024
Oil prices in 2023 remained lower than in 2022, averaging just above $80 a barrel, influenced by several factors, including U.S. production and geopolitical adjustments.
Source: oilprice.com
Oil Prices Caught between Geopolitics and Economic Worry
Crude oil prices have been trading in a tight range since the start of the New Year as geopolitical tensions in the Middle East counter now chronic economic concern
Source: oilprice.com
Surging American Exports Keep Oil and Gas Prices in Check
Despite global conflicts and OPEC+ production cuts, surging U.S. oil and natural gas production and exports in 2023 have helped stabilize oil and gas prices globally.
Source: oilprice.com