The crude oil environment will become more complex in 2024, and institutions predict that the focus of oil prices will be slightly higher than in 2023. In summary, the demand gap in the LPG market will further expand in 2024, but the demand gap mainly depends on imports. It is expected ...
The OPEC+ group has sought to distance itself from accusations of cartel behavior, saying its policies target global supply inventories, rather than specific fixed prices. Nevertheless, some Middle East nations in the coalition, which heavily depend on fossil fuel revenues, list oil price assum...
The relationship between interest rates and gold prices has historically been inverse, with gold gaining value as interest rates drop. We’ve seen that this year, as gold is up more than 30% in 2024. It’s because the opportunity cost of holding non-yielding assets like...
“If Iran suffers from the drop in oil prices, know that other oil-producing countries such as Saudi Arabia and Kuwait will suffer more than Iran,”he said. He added that“Kuwait’s budget is 95 percent reliant on oil,”and 90 percent of Saudi Arabia’s“annual exports are related to o...
As the world's largest oil producer, why are Americans paying so much to fill up their tanks and will Biden's move drop the gasoline price for people? Professor Michael Powers from Tsinghua University explains that the release of oil reserves will only have a limited,...
We all know how far we're willing to drive for even a five-cent drop in prices. As we've described, oil companies and gas stations play on a national and global market and can't control what independent U.S. oil producers do or what Middle Eastern countries in OPEC choose to do. ...
"Oil prices took a slight breather last week, falling by about one percent, but it could just be a rest stop on the way to higher prices," said Mark Schieldrop, Senior Spokesperson for AAA Northeast. "Escalating geopolitical tensions in the Middle East and expectations for strong seasonal ga...
Oil and Gas executives say that the price-per-barrel of oil will drop significantly from the current high level by the end of the year, according to the results of a survey conducted by KPMG LLP's Global Energy Institute. In this year's KPMG survey, which polled 372 financial executives ...
In North America, a surge in recycled-fiber-based packaging capacity drove prices up, despite a drop in average annual prices. In Europe, weak domestic demand led to price fluctuations, while in Asia, prices fell due to sluggish demand and increased competition. Geopolitical tensions,...
supporting economic growth and job creation in exporting countries. With huge factories and high demand for raw materials, China is the world's top maker of goods and a big buyer of stuff like oil and metals. This means what China wants affects prices and supplies everywhere, shaking up how...