Category: petroleum
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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…
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How Trump’s second administration could affect gas prices
Energy analysts projected that the re-election of former President Trump could offer a potential boost to oil companies despite concerns that geopolitical tensions could lead to potential price increases. Patrick De Haan, head of petroleum analysis at GasBuddy, posted on X that Trump’s re-election is “net [positive]” for oil companies, as the energy sector is…
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EIA Confirms Inventory Builds Across the Board
By Irina Slav – Nov 06, 2024, 9:37 AM CST Crude oil prices were under pressure this morning after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 1. This compared with a modest inventory draw of half a million barrels for the previous week and…
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What’s at stake for global markets in a Trump presidency
As Donald Trump appears poised to head back to the White House, the U.S. dollar and stock market are seen as winners, but a Republican presidency could weigh on bonds, emerging markets, clean energy and sustainable investing. Here’s how: Currencies A Trump presidency is seen strengthening the U.S. dollar, with investors expecting his policies to…
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Trump’s comeback: From dollars to markets, what’s at stake for global economy?
With Donald Trump all set to return to the White House, the US dollars and stock market are seen as winners, according to Edison Research. As trends projected Trump’s victory in the crucial and high-stake US presidential elections, US dollar surged and Bitcoin also hit a record high. The election result is going to have…
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Oil prices fall as Trump’s election win sends U.S. dollar higher
Oil prices fell on Wednesday as the U.S. dollar rallied on Donald Trump’s election as president. Investors believe a Trump presidency will bolster the dollar as interest rates may need to remain high to combat inflation resulting from any new tariffs and polices that may further pressure China’s economy, weakening demand there. Brent crude oil…
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Oil Prices Fall as Trump Inches Toward Victory
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Nov 06, 2024, 1:24 AM CST Crude oil prices trended lower in midmorning Asian trade today, pressured by the first results from the U.S. elections and the latest…
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US election 2024: Harris or Trump will inherit a mixed legacy
Biden’s immigration policies faced challenges with high illegal crossings Supreme Court’s abortion ruling led to state-level bans and legal battles Economic gains overshadowed by high inflation and public dissatisfaction WASHINGTON, Nov. 5 (Reuters) – Americans head to the polls on Tuesday in a mood of discontent and division, with opinion polls showing nearly two-thirds of…
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Iran’s big question about US election: Will Trump or Harris seek diplomacy?
Tehran, Iran – When the United States elects its president, the impact of its choice is felt around the world, and few countries are as directly affected as Iran. But as the US votes on Tuesday in an election in which Vice President Kamala Harris and former President Donald Trump are running neck-and-neck, according to…
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Chevron to Boost Exploration in West Africa
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Nov 05, 2024, 9:30 AM CST Unlike the other supermajors, U.S. oil and gas giant Chevron is buying into offshore blocks offshore Angola and Nigeria in West Africa, looking to revive exploration in what it describes as an under-explored oil province.…