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A service for global professionals · Wednesday, April 14, 2021 · 538,572,466 Articles · 3+ Million Readers
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OPEC & Crude Oil News Monitoring

  • Published on 04:59 GMT

    Crude oil outlook turns positive

    Despite the decision of OPEC and its allies to gradually increase production in the coming months, crude oil prices have ruled firm above $60 a barrel. On Tuesday, Brent climbed to $63.8, while WTI breached $60 a barrel. Brent had briefly touched $70 a …

    Source: The Hindu Business Line - Neutral
  • Published on Apr 13, 2021

    Crude Oil Higher as OPEC Raises Oil Demand Forecast

    By Peter Nurse    Investing.com -- Crude oil prices strengthened Tuesday, on raised hopes of a global economic recovery following strong Chinese import data and a positive OPEC monthly report. By 9:30 AM ET (1430 GMT), U.S. crude futures traded 1% higher …

    Source: Investing.com - Neutral
  • Published on Apr 13, 2021

    Crude Oil’s Underlying Fundamentals Continue to Strengthen

    A correction and a meager bounce Oil products signal rising demand Inventories in Q1 were mostly bullish Levels to watch in crude oil The three most bullish factors for the energy commodity in Q2 Crude oil prices moved higher throughout most of 2021’s …

    Source: Investing.com - Neutral
  • Published on 07:25 GMT

    Azerbaijan fulfills its commitments under OPEC+ agreement in March

    13 April 2021 13:49 (UTC+04:00) 573 By Ayya Lmahamad Azerbaijan fulfilled its obligations under OPEC+ agreement in March by maintaining its production of crude oil at 592,100 barrels. In March, the country’s daily oil production, including condensate, …

    Source: AzerNews - Pro-Government
  • Published on Apr 13, 2021

    Crude oil will climb above $70; energy security could reappear on the radar

    Energy security concerns are bubbling beneath the surface. While OPEC+ can provide the necessary crude as demand recovers in the near term, there may be a lack of firepower from the rest of the oil producing fraternity further down the line. The recent …

    Source: Business Standard - Neutral
  • Published on Apr 13, 2021

    OPEC Sees Oil Demand Boosted by Stimulus, Vaccine

    Some of the world’s wealthiest nations are grappling with stubborn coronavirus rates, but a brightening outlook and historic stimulus packages will boost economic activity and oil demand this year, the Organization of the Petroleum Exporting Countries said …

    Source: Wall Street Journal - Neutral
  • Published on Apr 13, 2021

    Crude Oil Rises as Geopolitical Risk Premium Returns

    By Geoffrey Smith  Investing.com -- Crude oil prices rose on Monday as geopolitical risk was reinjected into prices, in the form of rising tension in the Persian Gulf. There were more reports earlier Monday of missile attacks launched by Houthi rebels in …

    Source: Investing.com - Neutral
  • Published on Apr 12, 2021

    Crude oil may remain rangebound, Opec outlook in focus this week

    WTI crude oil witnessed mixed trade last week, but ended with a decline of almost 3 per cent. Oil has been juggling between tightness in markets and demand concerns amid a spike in coronavirus cases leading to fresh lockdowns. Despite the losses, WTI crude …

    Source: Economic Times - Uncategorized
  • Published on 05:01 GMT

    Oil prices rise after robust China data, Middle East tension

    LONDON: Oil prices rose on Tuesday after strong Chinese import data, while Middle East tensions gave only a limited boost given no crude supply has been disrupted so far. Brent crude oil futures were up 67 cents, or 1%, at $63.95 a barrel by 1221 GMT, …

    Source: Economic Times - Uncategorized
  • Published on 05:48 GMT

    China Stock Market Tipped To End Slide

    The China stock market has finished lower in three straight sessions, sinking almost 85 points or 2.5 percent along the way. The Shanghai Composite Index now rests just beneath the 3,400-point plateau although it's expected to find traction on …

    Source: RTT News - Neutral
  • Published on 05:48 GMT

    Additional Support Anticipated For Hong Kong Shares

    The Hong Kong stock market on Tuesday snapped the two-day losing streak in which it had tumbled more than 550 points or 2 percent. The Hang Seng Index now sits just beneath the 28,500-point plateau and it's tipped to open I the green again on Wednesday …

    Source: RTT News - Neutral
  • Published on 05:48 GMT

    Tech Shares Poised To Boost Taiwan Stock Market

    The Taiwan stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had jumped almost 500 points or 3 percent. The Taiwan Stock Exchange now sits just beneath the 16,825-point plateau and it' …

    Source: RTT News - Neutral
  • Published on 00:51 GMT

    Permian Oil Output Reflects Economic Recovery

    (Bloomberg) -- The Permian Basin, the U.S.’s most prolific shale patch, will produce crude oil at levels not seen since the start of the pandemic in the latest sign the global economy is heating back up. Higher prices are buoying drillers’ confidence. …

    Source: Rigzone - Neutral
  • Published on Apr 13, 2021

    S&P/TSX composite ekes out slight rise, 'appetite for risk' lifts Nasdaq, S&P 500

    TORONTO -- An “unrelenting appetite for risk” by investors offset higher-than-expected U.S. inflation data and news of a major setback for a maker of COVID-19 vaccines, as some U.S. markets outperformed Canada's main stock index. The S&P 500 index …

    Source: CTV News - Neutral
  • Published on Apr 13, 2021

    Oil Futures Settle Higher On Demand Hopes

    Crude oil prices moved higher on Tuesday, lifted by an upward revision in energy demand forecast by the Organization of the Petroleum Exporting Countries (OPEC). Data showing a surge in Chinese imports contributed as well to oil's uptick. West Texas …

    Source: RTTNews - Neutral
  • Published on Apr 10, 2021

    Global crude oil prices rise as US dollar weakens

    Apr 09, 2021 (MarketLine via COMTEX) -- Global crude oil prices have edged up supported by a weakening of the US dollar even as rising output and weak demand outlook continue to concern investors. Brent crude futures for June increased by $0.07, or 0.1%, …

    Source: Tradingcharts.com - Neutral
  • Published on Apr 9, 2021

    Crude Oil Edges Lower as Signs of Supply Squeeze Fading

    By Geoffrey Smith  Investing.com -- Crude oil prices fell on Friday and were on course to end a directionless week broadly lower, against a backdrop of growing signs that the output restraint that has supported the market for the last nine months may be …

    Source: Investing.com - Neutral
  • Published on Apr 11, 2021

    OPEC Fast Facts

    Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in …

    Source: KIFI Local News 8 - Idaho - Uncategorized
  • Published on Apr 13, 2021

    Marathon Oil Stock To Continue Trending Downward

    The shares of Marathon Oil (NYSE: MRO) have been trending downward due to a sharp drop in benchmark prices triggered by newly imposed restrictions in Europe and concerns regarding vaccination safety. The company explores and produces crude oil, condensate, …

    Source: Trefis - Neutral
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