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Oil, OPEC
Oil prices fall on supply glut fears despite OPEC+ output cut extension
Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026.
Crude oil rises by most in two weeks as OPEC+ expected to extend output cuts
Crude oil futures rose on OPEC+ production cut extension expectations. Geopolitical tensions also supported gains.
Crude oil prices remain steady after OPEC+ delays plans to restore output again
October, with bullishness from geopolitical developments in the Middle East and Ukraine countered by expectations for a glut in 2025 due to higher output from the Americas and lackluster Chinese demand.
Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days
Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.
Russian oil flowing to Czech Republic again
Russian Flows of Crude via Druzhba Into Czech Republic Restart
The flow of Russian crude oil via the Druzhba pipeline into the Czech Republic has restarted, according to Orlen SA, a refinery operator.
Oil flow to Czech Republic through Russia's Druhzba pipeline resumes after unexplained shutdown
Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has resumed after it was interrupted two days ago, official said
Russian oil flowing to Czech Republic again after interruption
Russian oil is once again flowing to the Czech Republic via the Druzhba pipeline, after a temporary outage. Deliveries via the pipeline were resumed on Friday morning, Mariusz Wnuk, director of the company Orlen Unipetrol,
1d
on MSN
The US and other crude producers will take more oil market share from OPEC in the coming years, Bank of America says
OPEC+ nations will lose market share to non-member states in the coming years, BofA said. The OPEC+ decision to delay ...
3d
on MSN
U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. crude oil inventories fell more than expected last week and product stocks saw a buildup as refineries ramped up their ...
Crude Oil Prices
1d
China and OPEC+ Provide Support for Oil Prices
Crude oil prices find support from OPEC+ production cuts and China’s economic recovery, but geopolitical tensions, demand ...
2d
on MSN
Key members of OPEC+ alliance are putting off production increases amid slack crude prices
Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face ...
1d
Crude Oil Price Outlook – Crude Oil Continues to Trade in a Range
The crude oil markets that I follow here at FX Empire are both doing the same thing, which is to say they are testing the lower end of the range that they have been in for some time. At the end of the ...
Crude Oil Prices
3d
Oil Prices Tick Higher on Crude Inventory Draw
Crude oil prices rose following a surprise inventory draw reported by the EIA, but concerns about global demand persist.
4d
Russia's crude oil and LNG shipments to Asia slip slightly in 2024
Asia's imports of Russian crude oil and liquefied natural gas are set to log small declines this year and while coal had a ...
Daily Post Nigeria on MSN
1d
Fisayo Soyombo: You don’t need to borrow, we have crude oil – Adeyanju to Tinubu
Human rights lawyer and activist, Deji Adeyanju, on Friday urged President Bola Tinubu's administration to curb illegal crude ...
Crude Oil Prices
1d
Is Oil’s Gloom Overblown? Barclays Thinks So
Barclays believes the oil market is overly pessimistic about 2025, predicting tighter supply and potentially higher prices ...
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