Yara, Petrobras Partner on Commercialization of Automotive Liquid Reducing Agent
Afternoon crude oil analysis: How will the changes in Trump's energy policy affect Brent crude oil prices?
Trump's new energy team is formed, and Brent crude oil responds with a rise... How will future energy policies impact the global market?
Major victory in the USA oil industry! Trump chooses oil company executive as energy secretary, and plans to use the Energy Commission to drive production.
Trump announced another important personnel appointment.
Oil Stocks Have Been Hot Since Trump's Election. The Good Times Could End Soon. -- Barrons.com
Oil Heads for Weekly Drop as Glut Concerns and Dollar Take Toll
Nymex Overview: Petroleum Futures Back Away From Early EIA-Inspired Gains -- OPIS
IEA: Crude oil demand growth in 2024 may be halved, with a surplus of over one million barrels of crude oil expected every day next year.
In terms of demand, the IEA expects that this year, global oil consumption will increase by 0.92 million barrels per day, which is less than half of the growth rate in 2023. By 2025, demand will grow by 0.99 million barrels per day. However, the IEA predicts that supply growth will continue, with production from countries such as the usa, Brazil, Canada, and Guyana increasing by 1.5 million barrels per day this year and next.
IEA warns: the global oil market will face a daily surplus of over one million barrels next year.
The International Energy Agency (IEA) has stated that due to the energy transition, the demand for petrochina in China continues to be weak, leading to a global oil market surplus of over 1 million barrels per day next year, thereby cushioning the impact of turmoil in the Middle East and other regions on oil prices.
WTI Crude's Bounce Not Enough To Break Bearish Bias, Says RHB
Afternoon crude oil analysis: The strong dollar is coming, with expectations of a global increase in oil inventories. Where will Brent crude oil prices head?
Due to the strengthening of the US dollar and expectations of an increase in global crude oil product inventories, Brent crude oil futures fell during the Asian morning trading session.
Crude oil futures prices stop falling, Trump's nomination of Secretary of State may lead to stricter sanctions against Iran.
Crude oil futures rose slightly on Wednesday, driven by short covering.
Oil Falls as Demand Concerns Continue to Dominate Market -- Market Talk
Crude Oil Trades Stuck at $68 Level Ahead of API Stockpile Data
Trump aims to trigger an oil boom, but oil giants indicate it is not that simple!
Analysts say that it is difficult for any president to change the direction of oil prices or rbob gasoline prices.
Oil Inches Higher But Demand Outlook Weighs on Sentiment -- Market Talk
Will oil prices drop to $40 next year? Wall Street is hotly debating this possibility.
Analysis suggests that if OPEC+ lifts its current production cuts in 2025, international oil prices could drop significantly by 40%, to around $40 per barrel. However, OPEC+ is more likely to opt for a gradual easing of the production cuts, rather than an immediate comprehensive removal of the cuts.
If OPEC+ cancels the voluntary production cut plan, what will happen? Analysis: Oil prices may be halved next year.
1. The agreement of OPEC+ member countries to reduce daily production of 2.2 million barrels of crude oil has been postponed until the end of December; 2. Market observers state that if the organization does not reach a genuine agreement to control production in the future, oil prices may fall to $30 or $40 per barrel next year; 3. According to forecasts, the organization is more likely to gradually phase out production cuts early next year, rather than immediately withdrawing completely.
Midday crude oil analysis: Oil prices are stable with upside potential, market focuses on usa EIA inventories and inflation data.
As of 12:00 Beijing time, the price of Brent crude oil 2501 block orders contract was $72.08 per barrel, up 19 cents from the settlement price on November 12, with the closing price of the contract that day up 6 cents from the previous trading day.
Revealed! The oil & gas industry in the USA calls out to Trump: Give up Biden's climate policy!
1. The oil & gas industry in the usa directly calls out to the newly elected President Trump, urging him to repeal many of the climate change policies implemented by the Biden administration; 2. The API urges Trump to cancel the federal government's delegation of authority to California, not allowing California to enact state tailpipe emissions regulations stricter than federal regulations, and to repeal the clean energy regulations of the United States Environmental Protection Agency (EPA).
Oil Edges Lower, Likely Weighed by OPEC's Demand Forecast Trim -- Market Talk