Crude Oil Trades Stuck in Tight Range Ahead of Crucial OPEC+ Meeting
Oil Markets on Edge Amid OPEC+ Output Policy and European Gas Concerns
Leakage and terrorist attacks pose dual risks to the world's most important pipeline system.
The northern oil pipeline of the Druzhba system may experience a "leak", while the southern oil pipeline is troubled by terrorist threats.
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Crude oil: Oil prices fell in light trading as OPEC+ production increase plans face uncertainty.
Due to the uncertainties surrounding the OPEC+ production plan and the Israel-Hezbollah ceasefire agreement, crude oil futures declined in light trading after the holiday.
Donald Trump's Call for 'Energy Dominance' Is Likely to Run Into Real-world Limits
Suspense heightened! OPEC officially announced the postponement of an important meeting, intensifying the battle between production cuts and increases.
The analysis pointed out that although the two meetings of OPEC+ were held online, their importance is very high, as they relate to the organization's oil production plans for the next year, which will have a huge impact on international oil prices and the revenues of member countries.
(EOG) - Analyzing EOG Resources's Short Interest
Struggling to move forward? After changing to an online meeting, the OPEC+ meeting has been postponed.
Representatives claim that the official reason for the postponed meeting is conflicting schedules of the ministers, do you believe it?
Trump's tariff plan angers many? US oil industry warns: rbob gasoline costs rise exacerbating consumer burden
① President-elect Trump of the usa threatens to impose a 25% tariff on products from Mexico and Canada, causing concerns in the oil rbob gasoline industry; ② U.S. refineries highly rely on crude oil imports. The American Petroleum Institute warns that tariffs will raise refining costs and gasoline prices, exacerbating consumer burden; ③ Analysts believe the likelihood of Trump implementing the tariff plan is small.
The Trump economic team may have internal discord, and the key agenda still needs the "understanding king" to make the final decision!
Analysts state that the Trump team's characterization of the economic policy as 'the opponent team' is almost accurate, and the strong opposition between Besant and Lutnik has been publicly reported.
Oil Prices Steady Amid US Gasoline Stock Build And OPEC+ Uncertainty
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OPEC+ faces a difficult decision: continue to cut production or face a sharp drop in oil prices?
According to forecasts, even if OPEC+ does not increase production next year, there will still be a large surplus in the oil market. If production cuts are maintained, some member countries may easily become discontented.
Goldman Sees 'Significant' Hit to US From Trump's Canada Tariffs
Trump's oil drilling plan leaves OPEC+ in a difficult position.
Trump's aggressive plan to significantly increase usa's oil production poses a "direct threat" to OPEC+'s market share.
U.S. Oil Producers Will Not 'Drill, Baby, Drill' Under Trump, Exxon Executive Says