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USA Crude Oil Inventories Drop WoW
20 Dec 2024 11:15 GMT
… December 13, showed that crude oil stocks, not including the … petroleum stocks - including crude oil, total motor gasoline, fuel … in U.S. commercial crude oil inventories (excl. SPR), … rising production from non-OPEC+ sources against elevated geopolitical …
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Crude Oil Futures Experience Volatility as U.S. Federal Reserve Signals Slower Interest Rate Cuts in 2025
20 Dec 2024 11:03 GMT
Crude oil futures saw heightened volatility following … of a market surplus, despite OPEC+ production cuts. This situation suggests …
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Crude Oil Futures Face Downward Pressure Amid Demand Concerns and Stronger Dollar
20 Dec 2024 11:03 GMT
Crude oil futures are heading toward a … .
Further exacerbating the bearish outlook, OPEC+ has lowered its global oil …
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Saudi Crude Oil Exports Jumped to Three-Month High in October
18 Dec 2024 19:05 GMT
… Arabia, the world’s largest crude oil exporter, shipped 5.92 million … and its partners in the OPEC+ group earlier this month decided … same time, supply from non-OPEC+ producers, including the U.S … to increase and further erode OPEC’s market share.
By Charles …
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Brent Crude Oil Prices Toil as Market Awaits Fed Decision. Range Trading Ahead?
18 Dec 2024 18:13 GMT
… expected US crude oil stockpiles, but demand concerns remain.
OPEC+ is worried … and showed U.S. crude oil and distillate supplies went … the EIA on Wednesday. Crude oil reserves dropped by 934, … heading into 2025.
Brent Crude Oil Daily Chart, December 18, …
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For the OPEC+ Oil Producers, a Year of Caution Paid Off
19 Dec 2024 23:01 GMT
… uncertainty clouding the picture, OPEC+ adopted a cautious approach … has forecast that Brent crude oil prices will end the … . Iran, while exempt from OPEC+ output restrictions, has managed … energy transition landscape. While OPEC+ has managed to stabilize …
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Analysts Are Bearish on Crude Oil in 2025
18 Dec 2024 03:46 GMT
… they remain cautiously bearish on crude oil prices amid a myriad … although much will depend on OPEC+ production policy,” ING commodities … report last week.
If OPEC+ does begin unwinding the … Guyana, the IEA says.
OPEC also acknowledges demand has been …
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Russia’s Crude Oil Shipments Slump by 11% in Two Months
17 Dec 2024 18:03 GMT
… Russia to align with its OPEC+ quota, and increased sanctions … December 15, observed Russian crude oil exports from Primorsk have slumped … disruption to loadings, Russian crude oil exports have fallen as Moscow … fall in line with its OPEC+ quota as part of …
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How Much Crude Oil is the USA Producing?
17 Dec 2024 16:59 GMT
… barrels per day of crude oil, including lease condensate, … global crude oil output in the fourth quarter.
Total crude oil production … ’s December STEO. Total OPEC+ production is expected to … STEO projects that global crude oil production will average 76 …
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Iran denies reports of decline in crude oil exports
17 Dec 2024 11:56 GMT
… in the country's crude oil exports as "false … NIOC, said, “Iran’s crude oil exports remain at the same … in a good position regarding crude oil sales and exports,” Bovard added … of the Petroleum Exporting Countries (OPEC), has faced ongoing challenges …