OPEC actions increasing volatility and hampering new investment in oil and gas, Eni CEO says
OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.
WTI drops below $71.50 after the first US election results
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.35 on Wednesday. The WTI price edges lower as the US presidential election polls were closing in the United States.
Bizcommunity12d
Middle East crisis: How oil price outcomes will impact wider financial markets
From an investment standpoint ... point if Israel wanted to impact Iran’s ability to export oil. And they may argue that now is the time to do so, given Opec's spare capacity which could ...
WTI remains above $70.00, upside potential appears due to rising Middle-East tensions
West Texas Intermediate (WTI) Oil price holds steady on Friday during Asian trading hours, around $70.20 per barrel, following gains in the previous session. Crude Oil prices were bolstered by rising ...
KUNM5d
Drill, baby, drill? Former big oil exec says that’s exactly what the industry doesn’t need
Marianne Kah spent 25 years as chief economist at ConocoPhillips. She talked about rgw fossil fuel landscape with a focus on ...
Crude Oil Prices20d
Is IEA Overhyping OPEC's Spare Capacity?
This impact, in turn, will affect investment in new production—and future supply. According to the IEA—and numerous analysts—non-OPEC supply is enough to make up for the cuts that the cartel ...
The Globe and Mail7d
WTI Crude Oil Rallies on Potential OPEC+ Output Delay & Inventory Expectations
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example ...
Vanguard8d
Budget: Fresh concerns as oil price drops 7% to $72 per barrel
The price of Nigeria's crude oil dropped to $72pb, from $75pb, a shortfall of 8.2% against the $77.96pb Nigeria's 2024 budget benchmark ...
Investing22d
Brent Crude Holds Steady Despite OPEC+ Demand Cuts, Weak Chinese Imports
Most OPEC+ members do not benefit when Oil prices are low and thus an increase in production at a time when uncertainty around demand lingers may have a negative impact on prices. In its monthly ...
Seeking Alpha18d
EIA & IEA Try Hard To Suppress Oil Prices, While OPEC Does The Opposite
A growing institutional rift exists between the EIA, IEA, and OPEC regarding global oil demand ... liquid supply situation may not immediately impact the world's economy. Based on my formula ...
Investing20d
The Energy Report: Iranian Oil Fortuity
To tell us that OPEC's spare capacity is at about 8 million ... better while diesel spreads continued to lag a bit. Hurricane impact will be felt in the report, but we still expect to see draws ...