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A service for global professionals · Thursday, November 21, 2024 · 762,491,378 Articles · 3+ Million Readers
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OPEC Newswire

  • Published on Nov 20, 2024

    Offshore Deepwater Drilling To Dominate Oil in 2020s

    About a month ago, news emerged that Seadrill and Transocean, the offshore drilling heavyweights, were discussing a merger aimed at capitalizing on a rebound in investments in the business. Soon after, Portugal’s Galp launched its second drilling campaign …

    Source: Oil Price - Neutral
  • Published on 03:16 GMT

    The Oil Market Surplus May Be Smaller Than Feared

    Oil market forecasters such as the International Energy Agency (IEA) may have been too pessimistic about supply-demand balances in their latest assessments, which show a large surplus for 2025.   Actual global oil inventory trends in the third quarter look …

    Source: Oil Price - Neutral
  • Published on 05:22 GMT

    Oil prices edge up on geopolitical tensions; higher-than-expected US inventories cap gains

    SINGAPORE: Oil prices rose marginally on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine countered the impact from a bigger-than-expected increase in US crude inventories. Brent crude futures rose 16 cents, or 0.2%, to …

    Source: Business Recorder - Neutral
  • Published on 01:50 GMT

    Oil prices firm as geopolitical tensions raise supply concerns

    By Arathy Somasekhar (Reuters) - Oil prices edged higher on Thursday due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine. Brent crude futures for January rose 28 cents, or 0.4%, to $73.09. U. …

    Source: Yahoo Finance - Label Pending
  • Published on 02:34 GMT

    Oil market dynamics and future trends with global broker Octa

    KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 21 November 2024 - As a critical resource in the global economy, oil is integral not only to the energy sector but also to industries such as transportation, manufacturing, and agriculture. Changes in its …

    Source: The Slovenia Times - Public Broadcaster
  • Published on 05:01 GMT

    China crude oil imports set for November rebound, but it's price not demand: Russell

    (The views expressed here are those of the author, a columnist for Reuters) LAUNCESTON, Australia - China's crude imports are on track to rebound in November to the highest in three months, but the increasing appetite of the world's largest oil …

    Source: Zawya - Uncategorized
  • Published on 02:03 GMT

    Oil Steady as Traders Weigh Ukraine Risks After Stockpiles Gain

    (Bloomberg) -- Oil steadied as the market monitored developments in Ukraine and the Middle East after US crude stockpiles rose for a third week. Most Read from Bloomberg Brent traded near $73 a barrel after losing 0.7% on Wednesday, and West Texas …

    Source: Yahoo Finance - Label Pending
  • Published on Nov 20, 2024

    Oil settles down on strong US supply, losses capped by Ukraine escalation

    HOUSTON -Oil prices settled lower on Wednesday after U.S. crude and gasoline stocks rose by more than expected last week, but losses were capped by worries about the intensifying war between major oil producer Russia and Ukraine. Brent crude futures for …

    Source: Mint - Neutral
  • Published on Nov 20, 2024

    Trump, energy, Russia, and OPEC: volatility

    In just over 60 days, President Trump will once again occupy the White House. The US, OPEC, and Russia are leading the world into suspense and cliff-hanging anticipation of market volatility. With oil prices prone to geopolitical headwinds, it may become a …

    Source: Offshore Technology - Neutral
  • Published on Nov 20, 2024

    OPEC to COP29: Oil gift from God

    BAKU: OPEC Secretary General Haitham Al-Ghais on Wednesday told the COP29 climate summit in Baku that crude oil and natural gas were a gift from God, and that global warming talks should focus on cutting emissions not picking energy sources. The comments …

    Source: Kuwait Times - Pro-Government
  • Published on Nov 20, 2024

    Peak Oil Demand, EVs, & The Future Of Oil: A Cleantech Perspective

    Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The good news: oil demand is cooling. The bad news: it’s not yet done growing. One can’t really claim oil demand is “falling” (yet), but growth has slowed down to its …

    Source: CleanTechnica - Neutral
  • Published on Nov 20, 2024

    Nigeria seeks long-term buyers of new Utapate oil and aims to double production

    Nigeria seeks long-term customers for the new crude oil grade Utapate, and aims to double its output from 40,000 barrels a day by 2025. The launch is part Nigeria's effort to boost its oil output, which has been hindered for years by unrest and theft …

    Source: World Energy News - Connecticut - Label Pending
  • Published on Nov 20, 2024

    Uganda targets 2027 start for world’s longest heated oil pipeline

    Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest -- delivered directly to your inbox. The world’s longest heated oil pipeline is “still viable” and will be operational in the next three years despite financing delays …

    Source: The Financial Times - Neutral
  • Published on Nov 20, 2024

    News24 Business | OPEC secretary-general tells COP29 oil is a gift from God

    Haitham Al Ghais, secretary-general of the Organisation of the Petroleum Exporting Countries (OPEC), speaks on day nine at the UNFCCC COP29 Climate Conference on November 20, 2024 in Baku, Azerbaijan. (Photo by Sean Gallup/Getty Images) OPEC secretary- …

    Source: News24 - Center-left
  • Published on Nov 20, 2024

    Iraq to export fuel oil at a record-breaking rate

    Baghdad (IraqiNews.com) – Iraq increased its fuel oil exports in October as domestic demand decreased and supply increased, putting the country on course to reach new records this year, according to industry insiders and ship-tracking data. Despite …

    Source: Iraqi News - Uncategorized
  • Published on Nov 20, 2024

    Analysis-OPEC+ may stick with deep oil cuts for longer due to weak demand

    By Alex Lawler, Ahmad Ghaddar and Robert Harvey LONDON (Reuters) - OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because …

    Source: Yahoo Finance - Label Pending
  • Published on Nov 20, 2024

    Oil is Going to $50 A Barrel, and Investors Can Line Up Now To Profit (XOM, CVX, AMLP)

    Investing 24/7 Wall St This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Key Points: The U.S. is generating unheard-of levels of oil, which would cause prices …

    Source: 24/7 Wall St. - Neutral
  • Published on Nov 20, 2024

    OPEC Secretary General tells COP29 oil is a gift from God

    OPEC Secretary General Haitham Al Ghais on Wednesday (November 20) told the COP29 climate summit in Baku that crude oil and natural gas were gifts from God, and that global warming talks should focus on cutting emissions not picking energy sources, Reuters …

    Source: Public Radio of Armenia - Label Pending
  • Published on Nov 20, 2024

    Oil and gas are ‘gift from God’, Opec secretary tells COP29

    Focus of fight against climate change should be on cutting emissions rather than moving away from fossil fuels, Haitham Al Ghais tells audience in Baku Opec secretary general Haitham Al Ghais delivers a statement at COP29, in Baku, Azerbaijan.Photo: …

    Source: Upstream - Neutral

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