One bad news for oil bulls: OPEC+ "no more".
OPEC's control over the oil market is increasingly weakening, and if no action is taken, the organization's control may completely disappear.
Afternoon crude oil analysis: Brent crude oil futures prices have increased slightly, and the oil field in Kazakhstan remains shut down...
Kazakhstan's Deputy Minister of Energy, Alibek Zhamauov, stated on December 2nd that due to maintenance reasons, Kazakhstan's Tengiz oil field with a production capacity of 0.6 million barrels per day is still partially shut down.
Oil Prices Hold Steady Ahead Of OPEC+ Meeting
OPEC's crude oil production capacity has expanded for two consecutive months, and the rhetoric of "overcapacity" is sweeping the oil market.
In November, the daily production increased by 0.12 million barrels; under pressure from allies, Iraq has been reducing production for three consecutive months.
International oil prices are fluctuating within a range, and the retail price limit of refined oil may face being stranded.
Gelonghui, December 3 | According to Zhuochuang news, during this period, the domestic reference crude oil product change rate showed a gradual downward trend after turning from negative to positive.
Express News | Petrobras: No decision has been made regarding the hold of shares in braskem.
OPEC's Power Is Waning. That's Bad for Oil Bulls. -- Barrons.com
Oil Prices Rise, Buoyed by Upbeat China Data Ahead of Postponed OPEC+ Meeting
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.
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.
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.
Express News | petroleo brasileiro sa petrobras hopes to hold a maximum of 50% stake in the cooperation with the ethanol companies.
Express News | The initial investment in ethanol by the state-owned oil company petroleo brasileiro sa petrobras will focus on assets that are already in operation.
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.
Oil Prices Steady Amid US Gasoline Stock Build And OPEC+ Uncertainty
Express News | Petroleo brasileiro sa petrobras announced that it has started pre-selling its 25% stake in the Tata Rua oil field.
Petrobras Says It Signed Agreement With European Energy As Part Of Talks Aiming To Build E-Methanol Plant In Brazil