Caucasus OPEC Newswire

China's imports of Russian oil up by 10% month-on-month in October — OPEC

MOSCOW, December 11. /TASS/. China increased oil imports from Russia in October compared to September by 10%, according to the December report. Overall, Russia accounted for 22% of China's total oil imports in October, compared to 19% a month …

OPEC lowered oil demand outlook to 1.6 mln bpd for 2024

MOSCOW, December 11. /TASS/. OPEC again revised its oil export forecast for this year and lowered it by 210,000 barrels per day (bpd) to 1.6 mln bpd, the organization said in its report. Data were largely reconsidered for the third quarter of this …

Oil Giants Bet Big on a Deepwater Boom

Deepwater oil exploration has been garnering growing attention this year amid reports of successful—and sizable—discoveries offshore Namibia and Guyana. This might be only the beginning of a new trend in oil exploration because the world will continue …

Oil Edges Lower as Glut Outlook Counters China Stimulus Optimism

(Bloomberg) — Oil edged lower as persistent concerns over a looming supply glut overshadowed the outlook for bolder Chinese stimulus next year. Article content Brent futures dipped below $72 a barrel after rising 1.4% on Monday, while West Texas …

Oil prices edge lower with China stimulus, Syria tensions in focus

Investing.com-- Oil prices fell slightly in Asian trade on Tuesday, losing some ground after pledges of more stimulus in top importer China and heightened geopolitical tensions in Syria sparked strong gains. Anticipation of more economic signals from China …

Oil little changed as demand weakness offsets sanctions-driven supply risks

Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened …

Gas Drops to Lowest Price in More Than 3 Years

Photograph courtesy of GasBuddy On Monday, for the eighth straight week, the nation’s average price of gasoline has declined, falling 3.1 cents compared to a week ago. It stands at $2.97 per gallon today, the lowest level in more than three years, …

Oil rises over 1% on ouster of Syria’s Assad, Chinese monetary policy

OIL prices climbed more than 1 per cent on Monday on higher geopolitical risk after the fall of Syrian President Bashar al-Assad, and as top importer China flagged its first move towards a loosened monetary policy stance since 2010. Brent crude futures …

Brent Tops $72 as China Easing Boosts Oil Demand Outlook

Oil climbed as China’s leaders used their most direct language on stimulus in years, while traders are also keeping an eye on developments in the Middle East. West Texas Intermediate gained 1.7% to settle above $68 a barrel. Brent topped $72 a barrel. …

Oil Prices Rise After China Vows to Ramp Up Monetary Stimulus

Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info By Alex Kimani - Dec 09, 2024, 9:50 AM CST China's easing of monetary policy to boost economic growth sparked an oil price rally on …

Oil prices rise as China eyes monetary easing to boost growth

By Arunima Kumar (Reuters) -Oil prices climbed by more than 1% on Monday as top importer China flagged its first move towards a loosened monetary policy stance since 2010 in a drive to bolster economic growth, state media reported citing a Politburo …

Oil inventories, OPEC meeting among key economic events due Tuesday

As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Tuesday, December 10, 2024. The day's agenda includes significant events such as the …

Iranian Oil Minister Elected OPEC President

OPEC+ Supply Decision Shapes Oil Market Outlook

Overawed By Trump, OPEC Struggles To Strike A Balance In Global Oil Market

Test Drive: The 1973 Honda Civic changed the way we drove

Breadcrumb Trail Links Car Culture Vintage & Collectible Vehicle types Classic Cars & Trucks In an era where customers were beginning to expect less and less of their cars, this little hatchback delivered a whole lot The 1975 Honda Civic is as cute …

Bad news for VLCCs as Opec to keep taps turned down until spring before gradual opening

Opec and its allies have reportedly decided to keep the taps turned off, but there is a light at the end of the tunnel for VLCC owners. Opec+ decided to delay oil production hikes until April and then begin a slow unwinding process through to 2026 at an …

Australia’s Clean Energy Transition Partnership a ‘huge win’ on climate

Australia is expected to take a significant, symbolic step towards entrenching a phase-out of fossil fuels under the United Nations agreements on climate change next week, as representatives meet at the OECD to finalise an agreement between a group of …

Parex Resources Announces Enhanced Strategic Partnership with Ecopetrol and Provides Operational Update

CALGARY, Alberta, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) and its strategic partner Ecopetrol S.A. (“Ecopetrol”), are pleased to announce that they have executed agreements whereby Parex will earn a 50% …

VertexOne Acquires Accelerated Innovations, Expanding Customer Engagement Solutions for the Energy & Utility Industry

Acquisition strengthens VertexOne's SaaS suite with MyMeter® platform, empowering utilities to enhance customer engagement and operational efficiency DALLAS, TX, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ --  VertexOne, a leading …

Sustainability at the heart of Moeve’s Positive Motion strategy to produce green molecules at scale

MADRID, SPAIN, December 16, 2024 /⁨EINPresswire.com⁩/ -- Moeve, the global energy company formerly known as Cepsa, has undertaken a systemic shift under its transformational strategy, Positive Motion, to become a leading producer of green molecules …

Green Carbon Market is Touching New Development Level | Mitsui Chemicals, Inc., TEIJIN LIMITED, Charm Industrial

The green carbon market is experiencing significant growth, driven by escalating demand for consumer goods, increased emissions from vehicles. WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- The green carbon market is …

RheinEnergie AG und Infosys treiben die Energiewende voran

KöLN, GERMANY, December 16, 2024 /⁨EINPresswire.com⁩/ -- Die RheinEnergie AG und Infosys, ein weltweit führendes Unternehmen für digitale Dienstleistungen der nächsten Generation, starten erstmals eine Kooperation auf dem deutschen Energiemarkt. …

Distribution Transformer Market Set to Boom Anticipating Explosive 5.8% CAGR Growth, Surpass US$ 32.52 Billion by 2034

Rising investments in electric grid infrastructure and increased demand for electricity in emerging economies are driving market growth. NEW YORK CITY, NY, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- Our market report on distribution …

GPRS Launches SiteMap® 2.0

Improved Infrastructure Mapping Platform Offers Intuitive User Interface & Additional Features in Mobile App MAUMEE, OH, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- GPRS has announced the release of SiteMap® 2.0: an improved …

Craters & Freighters Phoenix Introduces Custom EV and Lithium-Ion Battery Crates for Electric Vehicles

Craters & Freighters Phoenix launches specialized battery and hazmat-compliant crates for safe, sustainable transport of EV and lithium-ion batteries. PHOENIX, AZ, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- Craters & …

Homeowners Consumer Center Urges a Buyer of an Existing Home Anywhere in The USA To Get a HVAC Inspection by a Local ...

WASHINGTON , DC, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- The Homeowners Consumer Center says, "If you are a home buyer in the process of buying an existing home anywhere in the USA as part of your home inspection process …

Electrostatic Precipitator Market Estimate to Hit US$ 10 Billion by 2030

Global Electrostatic Precipitator Market projected to grow at a CAGR of 4.3% from 2021 to 2030 WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, The global …

Needle Coke Market Gaining Momentum Ahead on Innovation: Asbury Carbons Inc., Baosteel Group, Essar Oil Ltd

The needle coke market is witnessing strong growth due to its rising adoption in diverse industries driven by its superior properties and chemical composition. WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- Allied Market …

Green Power Market Estimate to Hit US$ 103.5 Billion by 2027

Global Green Power Market projected to grow at a CAGR of 12.3% from 2020 to 2027 WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, The green power market …

Hydropower Generation Market Estimate to Hit $317.8 Billion by 2027

Global Hydropower Generation Market projected to grow at a CAGR of 5.9% from 2020 to 2027 WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research titled, The global …

SolarWadi Signs EPC Contract with Nafath Energy for Solar Power Plant at Arab Open University in Muscat

SolarWadi proudly announces the signing of an EPC contract with Nafath Energy to execute the solar power plant at the Arab Open University in Muscat. MUSCAT, OMAN, December 16, 2024 /⁨EINPresswire.com⁩/ -- SolarWadi, a leading renewable energy …

Sustainable Christmas 2024: SocialBox.Biz delivering laptops before Christmas - companies are encouraged to participate

By participating in these services, companies can support their self-sustaining social enterprise and contribute to a sustainable Christmas 2024. LONDON, ENGLAND, UNITED KINGDOM, December 16, 2024 /⁨EINPresswire.com⁩/ -- SocialBox.Biz, a not for …

Hydrogen Energy Storage Market Estimate to Hit $25.4 billion by 2027

Global Hydrogen Energy Storage Market projected to grow at a CAGR of 6.5% from 2020 to 2027 WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, The global …

Lithium-iron Phosphate Batteries Market Estimate to Hit $9.9 Billion by 2030

Global Lithium-iron Phosphate Batteries Market projected to grow at a CAGR of 5.9% from 2021 to 2030 WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, The …

India Optical Fiber and Accessories Market: A Deep Dive into Emerging Opportunities

India Optical Fiber and Accessories Market Expected to Reach $1.66 Billion by 2026 WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- Allied Market Research, titled, "India Optical Fiber and Accessories Market by …

AV Cables for Residential Market Growth Fueled by the Demand for Ultra-HD Experience

Global AV Cables for Residential Market Expected to Reach $502.1 Million by 2026 WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- Allied Market Research, titled, "AV Cables for Residential Market by Type, Component, …

Lithium-ion Battery Recycling Market Valuation Worth US$ 38.21 Billion by 2030

Global Lithium-ion Battery Recycling Market projected to grow at a CAGR of 36% from 2021 to 2030 WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, The …

Solar Battery Market Estimate to Hit $360.4 Million by 2027

Global Solar Battery Market Projected to grow at 15.5% CAGR To 2027 WILMINGTON, DE, UNITED STATES, December 16, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, The global solar battery market size …