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A service for energy industry professionals · Tuesday, November 26, 2024 · 763,951,670 Articles · 3+ Million Readers
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New York OPEC & Oil Price News Monitoring

  • Published on 01:23 GMT

    Oil Prices Dip As Middle East Tensions Ease

    (MENAFN- The Rio Times) The global oil market experienced a significant shift on Monday, November 25, 2024, as crude prices fell by approximately 3%. This downturn was primarily attributed to reports of a potential ceasefire agreement between Israel and …

    Source: MENAFN - Uncategorized
  • Published on Nov 23, 2024

    Varcoe: Slowing population boom, uncertain oil prices cloud Alberta's economy for 2025

    Breadcrumb Trail Links Business Columnists Alberta's population boom is expected to decelerate in 2025 while oil could sink below US$70 Published Nov 23, 2024  •  Last updated 3 hours ago  •  4 minute read A reduced inflow of new residents and …

    Source: Calgary Sun - Right-wing
  • Published on 15:32 GMT

    Energy transition goes from tailwinds to headwinds

    he extraordinarily favorable economic, geopolitical, and policy conditions from 2015 to 2021, which fueled optimism about an imminent, policy–driven peak in oil and gas demand, have vanished and are unlikely to return soon. Expect a resurgence of “all of …

    Source: Diplomatic Courier - Neutral
  • Published on 09:52 GMT

    Petrobras’ Five-year Plan with $111 Billion Bet on Oil and Dividends

    Petrobras has announced an ambitious $111 billion spending plan for 2025–2029, a 9% increase over its previous five-year strategy. Pending board approval, this plan underscores the company’s commitment to enhancing its role in global energy markets. …

    Source: Energy, Oil & Gas magazine - Florida - Label Pending
  • Published on Nov 25, 2024

    Oil Futures Plunge on Israel-Hezbollah Ceasefire Report

    Karim Bastati DTN Analyst VIENNA (DTN) -- West Texas Intermediate closest to expiration on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange fell more than $1.5/bbl Monday morning, following Axios reporting Lebanon and …

    Source: Progressive Farmer - Neutral
  • Published on Nov 23, 2024

    USD / CAD - Canadian Dollar Gets A Reprieve

    (MENAFN- Baystreet) - Risk aversion shift halts stock market rally - Canada inflation likely climbed in October. - US dollar sell-off stalls on Putin threats. USDCAD: open 1.4021, overnight range,1.4003-1.4107, close 1.4016, WTI $68.80, Gold, $2634.91 The …

    Source: MENAFN - Uncategorized
  • Published on Nov 22, 2024

    Oil rises as intensifying Ukraine war increases supply risk

    By Laila Kearney (Reuters) - Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies. Brent crude futures gained 14 cents, or 0.2%, to $ …

    Source: Yahoo Finance - Label Pending
  • Published on Nov 21, 2024

    Kuwait to Splurge Over $30 Billion to Boost Oil in Bet on Demand

    Breadcrumb Trail Links PMN Business Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to come. Author of the article: Bloomberg News Fiona …

    Source: Financial Post - Center-right
  • Published on Nov 21, 2024

    IMF Fall Takeaways: Emerging Markets In The Shadow Of The U.S. Election

    Investors were preoccupied with the pending outcome of the US Presidential election during IMF sessions, with the majority correctly expecting a Trump win, but not GOP control of Congress. Oil prices were expected to decline on large increases in non-OPEC+ …

    Source: Seeking Alpha - Label Pending
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