Category: petroleum
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China’s weak crude imports, Trump risks give OPEC+ headaches: Russell
LAUNCESTON, Australia, Nov 11 (Reuters) – The scale of OPEC+’s China problem is evident in yet another month of weak crude oil arrivals, with the world’s biggest importer recording a sixth consecutive decline in October. Customs data last week showed imports of 44.7 million metric tons in October, equivalent to 10.53 million barrels per day…
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Too Much Gas? Namibia’s Oil Dream Takes a Detour
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Nov 10, 2024, 4:00 PM CST High gas-to-oil ratios and flaring bans mean additional infrastructure is needed, delaying production. Despite forecasts of peak oil demand, global…
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Trump Tariffs Could Lead to Weaker Oil Demand: WoodMac
United States and global economic growth could slow down if the incoming Trump administration imposes additional tariffs, leading to world oil demand falling by as much as 500,000 barrels a day next year, Wood Mackenzie said Thursday. “A Trump administration means radical changes for tariffs on imports, climate policy and international affairs”, WoodMac chief analyst…
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Trump poised to unwind Biden’s rewiring of global energy trade
Under US President Joe Biden’s watch, global energy trade underwent a historic rewiring. However, the return of Donald Trump to the White House in January could upend that shift, with considerable implications for the Middle East and global economy. In the last four years, Iranian oil exports have flourished while Russian energy has become a target…
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Oil Prices Remain Rangebound Despite Dramatic Week
Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Nov 08, 2024, 9:00 AM CST Despite a whirlwind news week that saw Donald Trump regain the U.S. presidency and a hurricane hit the Gulf of Mexico, oil prices have been largely rangebound this…
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Trump Tariffs Could Lead to Weaker Oil Demand: WoodMac
United States and global economic growth could slow down if the incoming Trump administration imposes additional tariffs, leading to world oil demand falling by as much as 500,000 barrels a day next year, Wood Mackenzie said Thursday. “A Trump administration means radical changes for tariffs on imports, climate policy and international affairs”, WoodMac chief analyst…
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WTI and Brent Climb as Traders Weigh Mixed Market Signals
by Bloomberg | Mia Gindis and Maggie Eastland | Thursday, November 07, 2024 | 3:51 PM EST Oil rose, tracking equity markets, as traders digested competing narratives on how Donald Trump’s presidency will affect the crude market. West Texas Intermediate advanced 0.9% to settle above $72 a barrel, helped by the weakening dollar and climbing equities.…
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OPEC+ Tapering Mechanisms Will Continue To Dictate Oil Prices
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Nov 06, 2024, 7:00 PM CST Wall Street has expressed concerns that Donald Trump’s election could impact the supply of the world’s largest crude producer. Citi: another Trump presidency could be net-bearish…
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Donald Trump just won the presidency. Our experts answer the big questions about what that means for America’s role in the world.
Get ready for the sequel. On November 6, the Associated Press declared Donald Trump the winner of the 2024 US presidential election. A transition now kicks off as world events continue to churn. When he returns to the presidency on January 20, Trump’s inbox will be full of global challenges. How will he respond? And…
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Why Qatar Was Included In TotalEnergies’ Iraqi Megaproject
Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Nov 06, 2024, 6:00 PM CST Iraq continues awarding major oil and gas contracts to Chinese firms, with over a…
