Global Oil Demand Growth and Implications for US Interest Rates and Dollar Strength: Analysis and Price Action
Analysts at ANZ said in a note that the growth in global oil demand is heading towards recording 2.1 million barrels per day, which is consistent with the expectations of the International Energy Agency and the Organization of the Petroleum Exporting Countries (OPEC). Traders are awaiting monetary policy decisions by central banks, including the Federal […]
OPEC Predicts Strong Growth in Global Oil Demand Due to Resilient Global Economic Growth
VIENNA, Sept. 12, 2023 (Xinhua) – The Organization of the Petroleum Exporting Countries (OPEC) expected strong growth in global oil demand in 2023 and 2024, thanks to “resilient” global economic growth. OPEC said in its monthly oil market report for September, published on Tuesday, that it expects global oil demand to rise by 2.44 million […]
Aramco jumped into the oil market Sirajlive.com
Riyadh | Saudi oil major Aramco has seen a huge increase in revenue. Last year there was an increase of 46.5 percent compared to the previous year. Aramco’s boom was driven by various factors, including the Russia-Ukraine war. Aramcok posted record earnings last year. The company had a profit of 16.1 crore dollars. Oil is […]
Recession fears recede support oil prices
The upcoming Federal Reserve decision puts pressure on oil prices again
Wall Street is down with the sharp rise in the 10-year yield
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" But with the release of the company’s results Tesla Yesterday, it disappointed analysts’ expectations in terms of revenues, while it exceeded expectations in terms of earnings, which were 1.05 dollars per share, compared to expectations of 99 cents, and for revenues it was 21.45. billions of dollars, against the expectations […]
Oil jumps on possible OPEC + offer cuts
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" On Monday, the official Saudi news agency quoted Saudi Energy Minister Prince Abdulaziz bin Salman as telling Bloomberg that OPEC + has the means and flexibility to address the challenges, including reducing production. . it’s over Brent crude oil contracts At the closest expiration of the trading session, it rose […]
The greenback and economic downturn fears lead to oil to plummet
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" Crude oil futures are stable Brent At 96.72 dollars a barrel, up by just 13 cents at the close. US West Texas Intermediate crude oil futures also rose 27 cents to stand at $ 90.77. Both contracts were down about 1.5% by the end of the week. Oil prices jumped […]
The “Group of Twenty” is committed to immediate measures to stabilize the energy market
<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = " “We commit to take all necessary and immediate measures to ensure the stability of the energy market,” the ministers said in the joint statement. Earlier Friday, Canadian Minister of Natural Resources Simos Origen said that the G20 energy ministers agreed on the […]
After the meeting of “OPEC +” .. Mexico suspended the agreement of “reducing production”
<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = " Al-Fadil said in a post on Twitter, “Kuwait held marathon talks in the past days and during the meeting to create a state of consensus among member states in the hope of rebalancing the oil markets,” according to Reuters. The “OPEC” group […]