- December 21st, 2024
Oil prices showed mixed movement on Friday as markets reacted to escalating geopolitical tensions in the Middle East and delays in OPEC+ discussions on production policy. Brent crude futures dipped slightly by 7 cents, or 0.1%, to $73.21 a barrel,...
Oil prices dipped in Asian trading on Thursday, reflecting unease among investors after a surprising build in U.S. gasoline stocks ahead of the Thanksgiving holiday. The unexpected increase sparked concerns over demand in the world's largest consumer of motor fuel....
Oil prices showed stability in early trading on Wednesday as markets digested the implications of a ceasefire agreement between Israel and Hezbollah. The agreement, brokered by the United States and France, marks a potential end to months of border conflict...
Oil prices rose modestly on Friday following intensified geopolitical tensions as Russia announced it had fired a ballistic missile at Ukraine. The development sparked concerns over the potential escalation of the conflict, raising fears of tighter crude supplies in an...
Oil prices inched upward on Thursday, reflecting renewed supply concerns tied to escalating geopolitical tensions in the ongoing Russia-Ukraine war. The uptick comes as market participants balance shifting global demand, stockpile fluctuations, and production uncertainties. Brent crude futures for January...
Donald Trump is set to revive his “maximum pressure” campaign against Iran when he reenters the White House in January, according to sources familiar with his transition plans. The strategy aims to cripple Tehran’s ability to fund its regional proxies...
President-elect Donald Trump’s commitment to expanding oil drilling in the U.S. has reignited a decades-long debate surrounding the Arctic National Wildlife Refuge (ANWR) in Alaska. For Alaska’s leaders, Trump’s campaign promises bring optimism for revitalizing the state’s oil industry, which...
In the global energy landscape, Russia is reportedly contemplating a merger between its top oil producers: state-backed Rosneft, Gazprom Neft, and the privately-held Lukoil. If realized, the consolidation would create an oil production powerhouse, second only to Saudi Aramco in...
The European Parliament is on the verge of adopting a resolution calling for stricter, “targeted” sanctions against Russia's shadow fleet — a clandestine network of aging, minimally insured oil tankers operating beyond Western regulatory reach. The draft resolution, which enjoys...
Oil prices surged on Thursday, building on a rally from the previous day as bullish sentiment around U.S. fuel demand emerged following an unexpected drawdown in both crude and gasoline inventories. Additionally, the market responded positively to reports that OPEC+...
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