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ANS ekes weekly gain - April 28, 2024 - Petroleum News

North Slope crude shed 38 cents April 24 to close at $88 per barrel, squeaking out a Wednesday-to-Wednesday gain of 8 cents from its close of $87.92 April 17. West Texas Intermediate slid 55 cents to close at $82.81 and Brent slid 40 cents to close at $88.02.
Prices slid despite a surprise massive d...

Texas , United-states , Steve-sutherlin , Petroleum-news , Middle-east , Texas-intermediate , American-petroleum-institute , Bp , Energy-information-administration , Fuel , Iran

'End of oil not in sight', OPEC Secretary General says in MEES article

The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions not oil use. In an op-ed article in the Middle East Economic Survey (MEES) published on Friday, OPEC Secretary General Haitham Al Ghais wrote there is "a worrying trend of narratives" that use terms like the end of oil, which have the potential to foster energy policies that stoke energy chaos. "What if investments in supply fall as a result, but demand for oil keeps increasing, as we are seeing today?," Al Ghais wrote in the MEES article which OPEC shared on X.

London , City-of , United-kingdom , Haitham-al-ghais , Alex-lawler , Al-ghais , Jane-merriman , Economic-survey , International-energy-agency , Organization-of-the-petroleum-exporting-countries , Middle-east-economic-survey , General-haitham-al-ghais

Oil prices inch up after data shows unexpected drop in US crude stocks

Brent crude futures rose 9 cents, or 0.1%, to $88.51 a barrel and U.S. West Texas Intermediate crude futures gained 10 cents, or 0.11%, to $83.45 a barrel at 0031 GMT.

Gaza , Israel-general- , Israel , United-states , Texas , United-kingdom , Israeli , American , American-petroleum-institute , Reuters , Texas-intermediate

Don't Use The SPR To Manipulate Oil Prices

The SPR shouldn't be used to manipulate oil prices, but saved to respond to supply disruptions.

United-states , Iran , Saudi-arabia , Russia , Abqaiq , Ash-sharqiyah , Venezuela , Iranian , Saudis , Saudi , American , Damon-runyon

Oil will keep drawing strength from Middle East geopolitics, OPEC+ strategy for now

THERE are growing fears of yet another conflict in the Middle East. OPEC+ is keeping a tight rein on supplies. And growth outlook in improving in some key global economies.

United-kingdom , Tehran , Iran , Senegal , Washington , United-states , Israel , Niger , China , India , Russia , Saudi-arabia

Alweendo pauses OPEC talks

Mines minister Tom Alweendo says it is still too early for Namibia to start entertaining talks around joining oil cartel, the Organisation of the Petroleum Exporting Countries...

Namibia , Tom-alweendo , Organisation-of-the-petroleum-exporting-countries , Petroleum-exporting-countries , Alweendo , Pauses , Opec , Talks ,

China will stop Iran from causing a global oil spike

Strikes on Israel could drive up prices to $120 a barrel – but Beijing is in the way

China , Iran , Israel , Russia , Venezuela , Tehran , Beijing , United-kingdom , England-monetary-policy-committee , Office-for-national-statistics , Chancellor-jeremy-hunt

OPEC+ Can Stop An Oil Rally To $100

The OPEC+ group could influence oil prices by returning some of the 2 million bpd supply it is currently keeping off the market

Israel , Iraq , United-arab-emirates , United-states , Kuwait , China , Syria , Saudi-arabia , Iran , Israeli , Iranian , Wood-mackenzie

Oil prices surge 3% on reports of Israeli strikes on Iran - Markets

Oil slipped on Friday after prices spiked earlier on reports that Israel had attacked Iran as market fears of a...

Syria , Israel , Iran , Texas , United-states , Venezuela , Iranian , Israeli , Warren-patterson , Cnn , Middle-east , Texas-intermediate

Oil prices slip after spiking earlier on reported Israeli attack on Iran

Brent futures were down 72 cents at $86.39 a barrel by 1314 GMT, while the front month U.S. West Texas Intermediate crude contract for for May fell 66 cents to $82.07

Tehran , Iran , Syria , Isfahan , Esfahan , Texas , United-states , Israel , Israeli , Iranian , Joshua-mahony , Reuters