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A service for global professionals · Saturday, December 14, 2024 · 769,057,588 Articles · 3+ Million Readers
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OPEC & Oil Prices News Monitoring

  • Published on 10:39 GMT

    Oil Prices Forecasted to Enter Boom Cycle by 2035 Amid Rising Global Demand

    The global oil market is on the brink of a significant upsurge in prices, anticipated to commence by the middle of the next decade due to sustained demand growth in markets like China, reports consultants Rapidan Energy Group. The advisory firm predicts …

    Source: Global Trade - Texas - Neutral
  • Published on 10:07 GMT

    Oil prices drop amid supply concerns, demand expectations provide support

    (MENAFN) Oil prices dropped on Friday, driven by growing concerns about a potential supply surplus in 2025. However, expectations of increased demand from the world's largest oil consumers, the US and China, helped limit the losses. The international …

    Source: MENAFN - Uncategorized
  • Published on Dec 13, 2024

    Global Markets React to Surge in Oil Prices

    As of December 2024, the global oil market has been experiencing significant fluctuations, with oil prices surging past $100 per barrel for the first time in nearly a year. The spike follows a combination of geopolitical tensions, including ongoing …

    Source: Digital Market News - Neutral
  • Published on Dec 13, 2024

    Oil Prices Set for New Boom After 2035 on Demand, Rapidan Says

    (Bloomberg) -- Oil prices are set for a new boom period from the middle of the next decade on continued demand growth in China and elsewhere, according to consultants Rapidan Energy Group. Most Read from Bloomberg “As expectations of a 2030 peak in global …

    Source: Yahoo Finance - Label Pending
  • Published on Dec 13, 2024

    USA EIA Cuts WTI Oil Price Forecasts

    In its latest short term energy outlook (STEO), which was released recently, the U.S. Energy Information Administration (EIA) lowered its West Texas Intermediate (WTI) spot price forecasts for this year and next year. According to its December STEO, the …

    Source: Rigzone - Neutral
  • Published on Dec 13, 2024

    Oil Prices Set for a Weekly Gain as U.S. Prepares More Sanctions

    Crude oil prices were set for their first weekly gain since late November on news that the U.S. was considering additional sanctions against Russia and Iran. The potential of such a move disrupting the supply balance lent upward momentum to prices. The …

    Source: Oil Price - Neutral
  • Published on Dec 13, 2024

    Oil Prices Are Set To Rise Today Amid Mixed Forecasts For Future Demand

    (MENAFN- Investor Ideas) Investorideas, a go-to platform for big investing ideas releases market commentary from by Samer Hasn, Senior Market Analyst at XS Oil prices are slightly higher today by around 0.3% after a volatile day for both major crudes, …

    Source: MENAFN - Uncategorized
  • Published on Dec 13, 2024

    Iranian oil prices to China hit new multi-year highs as sanctions hit

    SINGAPORE: The price of Iranian crude oil sold to China has risen to the highest in years as fresh US sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said. Rising prices for Iranian oil as well as …

    Source: Business Recorder - Neutral
  • Published on Dec 12, 2024

    USA EIA Lowers 2024 and 2025 Brent Oil Price Forecast

    The U.S. Energy Information Administration (EIA) lowered its 2024 and 2025 Brent spot price forecast in its latest short term energy outlook (STEO), which was released this week. According to its December STEO, the EIA now sees the Brent spot price …

    Source: Rigzone - Neutral
  • Published on Dec 13, 2024

    OPEC Revises Forecasts and Cadre: Decline in Global Oil Demand Expected

    The Organization of the Petroleum Exporting Countries (OPEC) has once again lowered its forecast for global oil demand growth in 2024. According to the latest monthly report, demand growth will only amount to 1.61 million barrels per day (bpd) in the …

    Source: Vindobona - Neutral
  • Published on Dec 13, 2024

    Why OPEC's grip on oil markets will continue to weaken in 2025

    OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC producers, such as the US. OPEC's position in the oil …

    Source: Business Insider - Neutral
  • Published on Dec 11, 2024

    Chinese Demand, Europe, Syria Development Buoy Oil Prices

    By Adedapo Adesanya Oil prices rose on Tuesday, influenced by increasing demand in China, the world’s largest buyer, as well as developments in Europe and Syria, with Brent crude futures closing at $72.19 per barrel after chalking up 5 cents or 0.07 per …

    Source: BusinessPost Nigeria - Uncategorized
  • Published on Dec 11, 2024

    Brent Crude – Oil Prices Rise Despite Largest OPEC Forecast Cuts of 2024

    Oil prices rose despite OPEC downgrading its 2024 and 2025 global oil demand growth forecasts. The downgrade is attributed to China’s slower demand and the rise of electric vehicles. The EU and US are considering further sanctions on Russia’s oil trade, …

    Source: OANDA Market Pulse - Neutral
  • Published on Dec 11, 2024

    Oil prices trim gains as OPEC again cuts oil demand growth outlook

    Oil prices were up about 1% on Wednesday having pared gains after producers group OPEC cut its forecasts for demand growth in 2024 and 2025. OPEC in its monthly reports has lowered its outlook five consecutive times. Brent crude futures were up 74 cents, …

    Source: Business Recorder - Neutral
  • Published on 12:40 GMT

    Oil up 2%, settles at 3-week high

    Ammon News - Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the U.S. could boost fuel demand. Brent …

    Source: Ammon News - Uncategorized
  • Published on Dec 10, 2024

    Oil Prices Remain Under Pressure Despite Geopolitical Risk

    Oil prices remain under pressure despite the recent developments in Syria, with oil market fundamentals countering geopolitical uncertainty. - Expectations for a weaker dollar in 2025-2026 are being gradually reconsidered as Donald Trump’s re-election and …

    Source: Oil Price - Neutral
  • Published on Dec 12, 2024

    Iran to Chair OPEC 2025

    Thu 12 Dec 2024 | 12:10 PM Iranian Oil Minister Mohsen Paknejad has been appointed as the President of the Organization of the Petroleum Exporting Countries (OPEC) for 2025, following a decision made during OPEC’s 189th meeting held virtually. Paknejad …

    Source: Sada Elbalad - Gov't Propaganda
  • Published on Dec 11, 2024

    Nigeria retains top spot in Africa as OPEC’s oil production rises in November 

    Nigeria has maintained its top spot as Africa’s largest oil producer, according to the Organisation of the Petroleum Exporting Countries (OPEC). In its Monthly Oil Market Report (MOMR) for November, OPEC revealed that Nigeria’s oil production rose to 1.48 …

    Source: Nairametrics - Neutral
  • Published on Dec 11, 2024

    Crude Oil: Market Set to Be in Surplus Despite OPEC+ Action

    The global Crude Oil market is set to return to surplus in 2025 despite OPEC+ extending supply cuts. This surplus should see prices trending lower next year. However, there are risks 2025 oil surplus Oil prices have come under a fair amount of pressure …

    Source: Investing - Neutral

18 days 12:26:49

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