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
Source: dunyanews.tv
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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