(Reuters) - Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over OPEC’s plans, with prices expected to remain under pressure despite geopolitical risks, a Reuters poll found on Monday. A Reuters poll of ...
Brent crude oil prices dipped on Monday amid rising supply from OPEC and the United States, although expectations of falling Iranian output once US sanctions bite from November provided some support. International Brent crude oil futures were at 77.59 US dollars per barrel at 0046 GMT, down five ...
Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a well supplied market. Brent crude futures for November LCOc1 climbed 27 cent...
and will ultimately be tightly linked to the oil price," IHS Markit analysts wrote. "If prices rise above $80/bbl the likelihood of Trump starting to talk about and supporting NOPEC would rise significantly – and broader Congressional urgency would grow."...
The "shadow fleet" has aided Russia in bypassing the $60 per barrel price cap imposed by the G7 on Russian seaborne crude oil in 2022, and has helped keep Russian oil flowing. "The renewed seriousness about clamping down on flows here is potentially supportive, and ...
Last month, analysts at Bank of America Global Research said that the bank could bring forward its $100 per barrel oil price target if temperatures are colder than expected during the winter,according to Reuters. This prospect, the analysts reportedly said, could drive a surge in demand ...
Morgan Stanley has revised its oil price forecast for this year and next, considering the recent ... Crude Oil News Oil set for 3rd weekly gain after OPEC+ cuts. Christine HillsApril 6, 2023 ADVANCES MOVERS After Saudi Arabia and its OPEC+ allies unexpectedly announced a round of production...
The jump in kerosene price also hit poor households hard, with a higher number of them having lowered their reliance on cooking gas in the wake of Covid-19. The rally in global oil prices, however, comes as good news for Tullow Oil, which had been forced back to the drawing board to...
SINGAPORE (Reuters) -Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators […]
Oil prices crashed on Monday after Saudi Arabia slashed its official selling price, adding uncertainty to a world economy that continues to struggle with COVID-19. The Saudi's national petroleum Saudi Aramco reportedly plans to raise its production significantly afterOPEC's failure ...