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Oil prices on track for weekly loss
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 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.
Oil prices on track for weekly loss after OPEC+ fails to soothe supply worries
Oil futures fell Friday and were on track for weekly losses a day after a decision by the Organization of the Petroleum Exporting Countries and its allies to further postpone a planned unwind of production cuts failed to soothe fears of a crude 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,
15h
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 ...
Crude Oil Prices
19h
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 ...
16h
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 ...
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
18h
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
Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face ...
2d
Russia’s Oil Revenues in November Took a Hit Amid Crude Slump
The Kremlin’s oil revenues in November fell from a year earlier for a second consecutive month, spurred by lower prices for ...
3d
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 ...
Crude Oil Prices
17h
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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