with markets leaning towards pricing in interest rate cuts in early 2024. This move contradicts several warnings from Federal Reserve members who described the markets as overly eager and enthusiastic about interest rate cuts in 2024. This is not in the best interest of crude oil prices in the ...
“This shift could impose new pressures on one of the world’s largest oil producers,” he said in a daily note. “Until the specifics of the sanctions are revealed, this could establish a floor under oil prices,” said Innes. “If the sanctions prove substantial, we could se...
石油2024报告--分析和预测到2030年 Oil2024(英文原版).pdf,Oil 2024 Analysis and forecast to 2030 INTERNATIONAL ENERGY AGENCY The IEA examines the IEA member IEA association full spectrum countries: countries: of energy issues including oil, gas and Austra
Looking into 2024, we expect Dated Brent prices to average $81.13/bbl, slightly below this year’s total.In doing so, we expect the first half of this year to be tangibly weaker both in terms of market sentiment towards oil as well as actual flat prices themselves, staying in the high-...
OPEC+, which is comprised of the Organization of the Petroleum Exporting Countries and its allies, is also planning to begin unwinding voluntary production cuts in December after delaying plans to boost output this month due to lower prices, he said. “If Iranian crude exports were ...
Crude prices jumped on worries about worsening tensions in the Middle East, while U.S. stocks pulled back further from their records.
And expectations for the Federal Reserve to cut interest rates this month will further ease the dollar's strength and support the oil market, StoneX energy analyst Alex Hodes said in a note on Thursday. A stronger greenback makes dollar-denominated oil more expensive for investors holding ot...
The Saudi-led OPEC organization and its allies promised to cut production to avoid an oversupply of global crude oil, thereby supporting oil prices. Earlier this month, OPEC+ agreed to extend the oil production reduction agreement until the end of the second quarter of 2024. According to the ...
This could further dent into global oil demand growth, posing downside risks to Citi's current global oil demand growth expectations of 0.9 million barrels per day for next year. "Still, despite the more supportive oil and gas agenda, its immediate impact on physical oil mar...
By Michael Kern - Dec 17, 2024, 8:15 AM CST Oil prices are under pressure ahead of the next Federal Reserve meeting, with demand concerns continuing to weigh on both WTI and Brent. - The huge price volatility of the past couple of months has made European natural gas futures ...