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Oil Holds Tight Range
Oil set for weekly loss on surplus fears despite OPEC+ cut extensions
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 adds to losses as OPEC+'s extended output cuts leave market indifferent
Crude oil futures fell on Friday end tallied losses for the week, a day after the decision by OPEC and its allies to further postpone a planned reversal of production cuts failed to ease the outlook for a crude surplus.
Oil Holds Tight Range After OPEC+ Extended Output Cuts
Oil prices continued to trade in a tight range despite OPEC+’s decision to push back a series of supply increases amid growing concerns over weaker demand and a looming supply surplus.
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,
12h
on MSN
The US and other crude producers will take more oil market share from OPEC in the coming years, Bank of America says
The US and other oil-producing nations will account for the bulk of crude supply growth in 2025, Bank of America said.
Crude Oil Prices
16h
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 ...
14h
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 ...
2d
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 ...
Hosted on MSN
1d
Are Crude Oil Prices Going Lower?
Barchart article on crude oil, I addressed whether crude oil will hold technical support after the 2024 U.S. election. I ...
Crude Oil Prices
2d
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.
Daily Post Nigeria on MSN
15h
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 ...
1d
on MSN
Key members of OPEC+ alliance are putting off production increases amid slack crude prices
The OPEC+ alliance of oil exporting countries will decide Thursday whether to put off plans to pump more crude amid sluggish ...
Crude Oil Prices
14h
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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