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Crude Oil Prices News Monitoring

  • Published on Dec 13, 2024

    Oil settles at 3-week high as more Russia sanctions loom

    Brent futures rose US$1.08, or 1.5%, to settle at US$74.49 a barrel. US West Texas Intermediate crude rose US$1.27, or 1.8%, to settle at US$71.29. NEW YORK: Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that …

    Source: The Malaysian Star - Uncategorized
  • Published on Dec 13, 2024

    Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran

    Oil prices climbed about 2 per cent on Friday (Dec 13) to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the US could boost fuel demand. Brent …

    Source: The Business Times Singapore - Neutral
  • Published on Dec 12, 2024

    USA EIA Lowers 2024 and 2025 Brent Oil Price Forecast

    The U.S. Energy Information Administration (EIA) lowered its 2024 and 2025 Brent spot price forecast in its latest short term energy outlook (STEO), which was released this week. According to its December STEO, the EIA now sees the Brent spot price …

    Source: Rigzone - Neutral
  • Published on Dec 12, 2024

    India’s edible oil imports jump by 38%, despite 21% drop in crude palm oil shipments

    India’s edible oil imports increased by 38 per cent in the first month of the oil year 2024-25 (November-October) due a significant rise in imports of RBD palmolein, crude sunflower oil and soyabean oil. According to the Solvent Extractors’ Association of …

    Source: The Hindu Business Line - Neutral
  • Published on Dec 13, 2024

    Trump 2.0: Oil Market Implications for the Gulf States

    When President-elect Donald J. Trump comes back to the White House, the Gulf Arab states should expect alignment and opportunities on energy issues but some friction as well. Energy may not be at the top of the U.S.-Gulf agenda, but as Trump seeks to …

    Source: Arab Gulf States Institute in Washington - Neutral
  • Published on Dec 13, 2024

    Gas prices increase

    It costs more to fill up at the pumps after the latest Island Regulatory and Appeals Commission (IRAC) pricing adjustment. Article content Effective 12:01 a.m. on Dec. 13, IRAC said the price of regular gas increased by 3.0 cents per litre (cpl) while …

    Source: Saltwire - Neutral
  • Published on Dec 13, 2024

    Oil rises by 1% in a 3-week period as sanctions on Russia and Iran increase

    The price of oil rose by about 1% on Friday to a record high for three weeks, as a result of expectations that additional sanctions against Russia and Iran would tighten up supplies. Lower interest rates in Europe or the U.S. may also boost the demand for …

    Source: World Energy News - Connecticut - Label Pending
  • Published on Dec 13, 2024

    Indian Agri Ministry asks stakeholders to suggest ways to ensure better prices for oilseed farmers

    The Indian Ministry of Agriculture and Farmers’ Welfare has asked various industry stakeholders on how to ensure better prices for oilseed growers, particularly soyabean and groundnut. The development follows businessline report that palm oil has become …

    Source: The Hindu Business Line - Neutral
  • Published on Dec 13, 2024

    Oil Futures Up Driven by Supply Tightness Expectations

    But the list also targets a shadow fleet that Russia uses to evade restrictions on transporting oil and fuel, which can reduce the supply of Russian crude and oil products to international markets. The bullish sentiment was also fueled by optimism …

    Source: Progressive Farmer - Neutral
  • Published on Dec 13, 2024

    The Deadlock Over Kurdish Oil Exports Continues

    By Editorial Dept - Dec 13, 2024, 8:30 AM CST Politics, Geopolitics & Conflict The Iraqi parliament has delayed a decision on Kurdish crude oil exports until January, prolonging a year-long suspension of deliveries amid disputes over authority and …

    Source: Oil Price - Neutral
  • Published on Dec 13, 2024

    Kosmos Energy in Early Talks to Buy Tullow Oil in All-Share Deal

    U.S.-based Kosmos Energy said it is in early preliminary discussions to potentially buy Tullow Oil in an all-share transaction that could create an oil producer focused on Africa. “There can be no certainty that any offer will be made, nor as to the terms …

    Source: Oil Price - Neutral
  • Published on Dec 12, 2024

    Azerbaijani oil price climbs above $76

    Baku, December 12, AZERTAC The price of Azerbaijani crude oil has surpassed $76 per barrel. A barrel of Azeri Light crude rose by $0.63, or 0.83%, reaching $76.54 on Thursday. The lowest price ever recorded for Azeri Light was $15.81 per barrel on April 21 …

    Source: Azertag - Gov't Propaganda
  • Published on Dec 13, 2024

    Latin America’s Coffee Crisis Urgently Drives Global Price Surge

    World coffee prices have reached record levels. Bad weather in Brazil and Vietnam has cut down the supply of Arabica and Robusta beans, which means fewer coffee beans are available. As the need for coffee grows and stocks become smaller, consumers will …

    Source: LatinAmerican Post - Uncategorized
  • Published on Dec 13, 2024

    Seplat to restore Exxon’s inactive oil wells in Nigeria after major acquisition

    Seplat Energy Plc is set to reactivate hundreds of dormant oil wells in Nigeria following its acquisition of Exxon Mobil Corp.’s onshore oil and gas assets in the country. The purchase is a significant step in leveraging the exit of foreign companies from …

    Source: Business Insider Africa - Neutral
  • Published on Dec 13, 2024

    Oil prices rise, poised for first weekly gain in three weeks

    Brent crude futures increased by 5 cents to $73.46 per barrel, while U.S. West Texas Intermediate crude rose 8 cents to $70.1. Both benchmarks are on track for weekly gains of over 3%, driven by concerns over tighter supplies from Russia and Iran, along …

    Source: Sharjah24 - Pro-Government
  • Published on Dec 13, 2024

    Oil edges lower on 2025 supply surplus forecast

    [Source: Reuters] Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week …

    Source: FBC News - Label Pending
  • Published on Dec 13, 2024

    Crude Oil Gains Over 1%; RH Shares Jump On Strong Forecast

    U.S. stocks traded lower midway through trading, with the Nasdaq Composite down around 0.2% on Friday. The Dow traded down 0.20% to 43,824.10 while the NASDAQ fell 0.17% to 19,869.43. The S&P 500 also fell, dropping, 0.14% to 6,042.84. Check This Out: …

    Source: Benzinga - Neutral
  • Published on Dec 13, 2024

    Oil Ministry backs allocating OID cess for ONGC, OIL to boost exploration efforts

    The Ministry of Petroleum & Natural Gas (MoPNG) is in favour of allocating a portion of the Oil Industries Development Cess (OID cess) to ONGC and Oil India (OIL), which will help in providing more capital to these companies to enhance exploration …

    Source: The Hindu Business Line - Neutral
  • Published on Dec 13, 2024

    Oil prices drop on forecast surplus supply in 2025, but are set to rise by a weekly gain

    Oil prices fell on Friday, as investors shifted their focus to a forecast for ample supply. They also shrugged off the expectation of higher demand in 2013 due to Chinese stimulus measures. Meanwhile, they were watching a Federal Reserve rate cut scheduled …

    Source: World Energy News - Connecticut - Label Pending

17 days 22:37:11

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