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Brent oil price driven higher on tight supply expectations

Brent oil price rises on tight supply expectations triggered by OPEC output cuts

Expectations of tighter global supply have driven Brent oil prices higher, signaling a potential end to the commodity’s two-week losing streak.
Crude oil price

Crude oil prices surge as Saudi Arabia, Russia commit to output cuts until year-end

Crude oil prices have spiked as Saudi Arabia and Russia extended their voluntary 1.3 million barrel a day oil production cut through December.
Crude oil price

Crude oil price hits $95 a barrel ahead of Fed meeting

Crude oil prices continued to march up on Tuesday, with Brent topping $95 and WTI futures for October rising above $92.

crude oil price

Crude oil prices edge higher as tight supply back in focus

Following a decline in crude oil prices on the Fed’s “hawkish skip” last week, tight supply is back in focus, driving prices higher.
crude oil price

Crude oil prices surge to highest levels in over a year

Crude oil prices climbed to their highest point in more than a year, driven by a significant drop in crude inventories at a crucial storage facility, reaching their lowest levels since July of the previous year.
crude oil price

Crude oil price: Brent, WTI pull back as markets watch Gaza

Crude oil prices saw a retracement as concerns eased over potential disruptions of the supply of the commodity from the Middle East.
Exxon stock price

Exxon stock price: XOM yet to move on $59.5bn Pioneer deal news

The Exxon stock price fell in premarket trading on Wednesday as the oil giant announced its biggest acquisition since its merger with Mobil in 1999.

Oil price

Oil prices above $90 in second week of Israel-Hamas war

Brent and WTI futures traded around the $90 mark on Monday, as oil prices continued to react to the unfolding conflict in the Middle East.
Oil price

Oil price spikes to two week-highs after Gaza hospital blast

Brent crude futures rose to nearly $93 per barrel around the $90 mark on Monday, as oil prices continued to react to the unfolding conflict in the Middle East.
Chevron

Chevron to buy Hess for $53bn in 2nd oil megadeal this year

Despite an announcement of a $53 billion acquisition of Hess Corp., the Chevron share price fell in line with the broader market on Monday.

oil price

Oil prices on track for losses as Middle East war fear fades

Oil prices remained on track for monthly losses on Tuesday, as a risk premium tied to fears of a broader war in the Middle East eroded.
oil price

Oil prices recover losses as Saudi commits to cuts

Oil prices recovered some of last week’s losses as Saudi Arabia and Russia reiterated their commitment to production cuts until the end of this year.
Brent futures

WTI, Brent futures rise as markets expect OPEC+ cuts

Brent crude futures passed $82 per barrel on Monday, building on gains from the previous session as investors zero in on the upcoming OPEC+ meeting this weekend, where the group is anticipated to deepen supply cuts to bolster oil prices.

Oil prices attempted a recovery on Thursday after hitting 6-month lows

Oil prices stage small recovery after hitting six-month lows

On Wednesday, Frankfurt's blue-chip DAX 40 index reached a new record high of 16,640 points, fueled by growing expectations that major central banks might pause rate hikes and potentially initiate interest rate cuts sooner than previously expected. 

Occidental Petroleum

Occidental stock up on news of $12bn CrownRock acquisition

On Monday, Occidental Petroleum announced its intent to acquire privately held CrownRock, a Permian basin-focused energy producer, in a cash-and-stock deal valued at $12 billion, which would expand its footprint in the largest U.S. oilfield.

oil price

Oil prices at lowest since June on soft demand worries

Oil prices retreated by more than 3% on Tuesday, relinquishing earlier gains, as concerns regarding excess supply and decelerating demand growth outweighed heightened supply risks in the Middle East following an attack on a Norwegian chemical tanker by the Iran-aligned Houthis.

Permian basin

Permian basin M&A deals reach record $100 billion in 2023

The Permian basin, an oil-rich region in the southern United States, has witnessed a historic surge in the value of U.S. oil and gas mergers and acquisitions this year, surpassing $100 billion, according to a news release by the consultancy Wood Mackenzie on Tuesday.

oil price

Oil prices hold gains on Red Sea supply uncertainty

Brent crude futures hovered around $78 per barrel on Tuesday, maintaining a 1.8% increase from the prior session. Futures for the U.S. crude benchmark West Texas Intermediate (WTI) also traded close to 1% on the day at $73.53.

Oil Prices

Oil prices advance as Iran warship in Red Sea ups tensions

Oil prices saw an uptick in New Year trading as tensions escalated in the Middle East with Iran deploying a warship into the Red Sea.

US, UK air strikes on Houthi targets drive up oil prices

The primary concern revolves around a potential significant escalation of violence in the Middle East, heightened by tensions from the Israel-Hamas conflict.
Vienna Austria

OPEC sees robust demand in first oil forecast for 2025

The Organisation of Petroleum Exporting Countries (OPEC) has projected a robust increase in global oil demand next year, exceeding growth in supplies supply growth, according to its first detailed forecast for 2025.

Working Oil Pump

Oil prices eye weekly gain on U.S. growth, Red Sea concerns

Oil prices eased on Friday but were still on track for their most substantial weekly increase since October on positive U.S. economic growth and indications of Chinese stimulus measures, which bolstered sentiment for fuel demand.

BP shares rally as UK oil giant extends share buyback scheme

BP shares rise 6% after UK oil giant announces share buyback

BP shares rallied by as much as 6% on Tuesday as the company announced an expansion of its share buyback program and a hike in its dividend payout, despite a drop in annual profit.
Oil prices decline on US interest rate outlook

Oil prices drop again on “higher for longer” US rates view

Oil prices declined on Wednesday and appeared to be on track for a three-day losing streak amid expectations that the Federal Reserve might keep US interest rates “higher for longer” due to persistent inflation, potentially impacting fuel consumption in the world's largest market.

Mara

ConocoPhilips stock dips on $22.5bn Marathon Oil buyout news

ConocoPhillips announced on Wednesday an all-stock acquisition of Marathon Oil, valuing the company at $17.5 billion. This deal, anticipated to be one of the final major consolidations in the industry, will expand ConocoPhillips’s presence in the shale basin and offer a 14.7% premium to Marathon Oil shareholders based on their May 28 closing price.

BP shares fall on Q2 profit warning

BP shares drop over 4% on Q2 lower profit warning

BP shares fell by over 4% on Tuesday as the firm announced its Q2 profit could fall by up to $700m on weak refining margins and lower oil trading results.

Saudi Arabia’s Aramco reports lower half-year profits

in this article, we talk about Saudi Arabia’s Aramco reports lower half-year profits as economic worries dampen energy prices

Crude oil inventories rise unexpectedly

in this article, we talk about the unexpected rise of buying crude oil.

Oil sits 2% lower after China data fuels demand concerns

Brent crude futures fell $1.36, or 1.7 per cent, to settle at $79.68 per barrel. US West Texas Intermediate crude futures declined by $1.51, or 1.9 per cent, to $76.65.

India overtakes China as Russia’s top oil importer in July

India surpassed China as the largest buyer of Russian oil last month, Reuters reported Thursday, citing import data from both countries.

Oil prices to remain elevated as Middle East tensions are high

"Israel's response may include an attack on Iran's oil supply and related infrastructure, which would put at risk 3% - 4% of global oil supply," said Vivek Dhar, mining and energy commodities strategist at the Commonwealth Bank of Australia.

Multiple bullish factors emerge! Crude oil rises over 2% intraday

During Thursday's U.S. session, oil prices surged over 2% intraday at one point due to reports of Iraq reducing September oil production, supply disruptions in Libya, and strong U.S. economic data.

The commodity bull market has just begun

Bank of America clearly points out: Investors must focus on this sector over the next decade!

Top global oil traders: Volatility is decreasing

The world’s top commodity merchants are grappling with a tougher environment for trading oil as seismic market events of the past few years start to lose their impact.

Oil Prices Start the Week With a Gain on Rate Cut Hopes

Crude oil prices began this week with a gain on expectations that the U.S. Federal Reserve will announce an interest rate cut at its meeting that begins tomorrow and ends Wednesday.

IEA predicts a significant surplus in oil production capacity by 2030

Global oil demand, including biofuels, will likely level off near 106 million b/d toward the end of this decade, up from just over 102 million b/d in 2023, due to the boom in electric vehicles, renewable energy and fuel efficiencies, the IEA said in its latest annual mid-term outlook, "Oil 2024."

Commodity update news: Oil prices could surge more due to Middle East conflict

Oil prices could surge past $200 a barrel if Iran's oil installations are taken offline, a chief commodities expert said. Iran accounts for over 2 million barrels of crude exports per day. Traders are hedging against the risk of oil disruption as Middle East tensions heat up.
Oil prices drop amid Israel-Iran tensions

Oil Prices Fall as Israel and Iran Geopolitical Tensions Mount

Oil prices fell as reports circled about Israel’s response to Iran, with indications they are likely to refrain from targeting oil or nuclear infrastructure.

Week ahead financial markets: 5 things to watch

Tesla (NASDAQ: TSLA) is set to be the first among the "Magnificent Seven" tech companies to release its earnings as the corporate earnings season heats up. Meanwhile, global finance leaders are convening in Washington, and oil prices are expected to remain volatile. Here’s a snapshot of what to watch in the markets this week.
US election impact on stocks

Mixed Global Stocks, Tesla Earnings Preview, and US Election on the Markets

Stocks are mixed at the open on Monday even as China cut lending rates and German producer prices fell.

Commodity trading: Oil prices ease on possible Middle East ceasefire talks

Oil prices dipped about 1% in volatile trading on Thursday amid reports that the U.S. and Israel are seeking to revive discussions on a potential ceasefire in Gaza. Brent futures closed 58 cents, or 0.8%, lower at $74.38 a barrel, while U.S. West Texas Intermediate (WTI) crude also fell 58 cents, or 0.8%, finishing at $70.19.

Oil prices plunge on report of talks to end Lebanon war

Oil prices fell slightly on Tuesday, following a drop of more than 6% in the previous session. This decline came after reports that Israeli Prime Minister Benjamin Netanyahu plans to convene a meeting to seek a diplomatic solution to the conflict in Lebanon.
Tesla soars

Morning Note: Tesla Soars, AUDUSD Hits Key Support, Oil & SP500 Insights

Today is marked by significant events and trends that bring attention to some possibilities forthe first weeks of 2025
A tanker carrying heating oil on a foggy morning, symbolizes the global energy trade.

What Influences the Price of Heating Oil Per Gallon Today? Insights on Futures Contract Crude Oil

Learn about the factors affecting the price of heating oil per gallon today and how futures contract crude oil impacts the global market.

Oil price today: Oil Prices Climb Amid Supply Fears

Oil prices today, oil prices have seen a notable increase recently, driven by concerns over supply disruptions and growing expectations for rate cuts from the Federal Reserve.
Oil prices

Morning Note: How Trump's Energy Plan and Global Market Trends Are Shaping Investments

The introduction of the Trump Plan to expand petroleum and gas production is an ambitious one where a national energy emergency will be called for fast-tracking permits and rolling back environmental protections.

Morning Note: S&P 500 Reaches Record High Amid Trump’s Rate and Oil Policy Hints

The S&P 500 reached an all-time high on Thursday as investors evaluated a mix of corporate earnings and absorbed comments from President Donald Trump, including his call for interest rate and oil price cuts.
Oil drilling derricks at sunset, symbolizing the latest crude oil news and market trends.

Crude Oil Market Trends & Environmental Impacts

Discover the latest crude oil news, insights into herding and speculation in the crude oil market, and the environmental impact of oil used in cosmetics.

Morning Note: U.S. Inflation Rises, Alibaba Earnings in Focus, and Oil Prices Dip

As of December 2024, the U.S. CPI rose by 0.4% month-over-month, following a 0.3% increase in November. This increased the annual inflation rate to 2.9%, rising from 2.7% in the previous month.

Morning Note: Oil Prices Climb, UK Retail Sales Rise & U.S. PMI

Oil prices rose consecutively for the past four days, mainly driven by declining U.S. gasoline and distillates inventories, which heightened expectations for strong demand.

Morning Note: Zoom Q4 Earnings, Eurozone Inflation & Oil Prices

Zoom Video is scheduled to report fourth quarter fiscal 2025 results on 24th February 2024 at GMT 22:00. For the fiscal fourth quarter, the revenues are expected to be $1.18 billion, suggesting a 2.77% rise from the year-ago quarter’s reported figure. Zoom’s strategic initiatives might have influenced fourth-quarter performance.
Oil pump jacks in a field, tied to the latest oil price forecast from U.S. inventory shifts.

Oil Price Forecast: U.S. Inventory Draw and Trump Tariffs Stir Markets

Explore the latest oil price forecast as Brent and WTI rise from a U.S. inventory draw while Trump tariffs threaten demand. Get market insights now!

Baron Oil news today: What is happening with BOIL stock?

Baron Oil news today: Baron Oil (BOIL) has been in the news recently due to several developments that are impacting its stock performance and market outlook.

Morning Note: UK GDP Data, NVDA Stock Dip, & CAD Weakness Amid Oil Decline

The UK's month-on-month GDP growth for December was recorded at 0.4%, while the forecast for January stands at a modest 0.1%.

Oil Market Today: Oil prices surge amid rising tensions in the Red Sea

Oil Market Today: the oil market is experiencing significant volatility today, with prices surging due to escalating tensions in the Red Sea region.

Morning Note: Oil Sanctions, Canada Data, Ripple's Space Gamble

On Thursday, the U.S. Treasury announced new Iran-related sanctions, marking the first time an independent Chinese refiner was among the targeted entities and vessels involved in supplying Iranian crude oil to China.

Morning Note: S&P 500 Surges on Tariff Optimism as Tesla Jumps 10%

On Monday, the S&P 500 surged 100.01 points, or 1.76% and closed at 5,767.57. This was mainly driven by President Donald Trump's announcement that automobile tariffs would be implemented soon, stating that many countries might receive exemptions, though he provided no specifics.