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Oil Falls
China's economic issues are so serious that even the oil market doesn't care about Middle East tensions — for now
Israel launched a ground offensive against Hezbollah targets in southern Lebanon on Tuesday in a marked escalation of tensions in the Middle East — and the energy markets largely shrugged. The indifference is significant because the Middle East is a huge producer of crude oil — pumping one-third of the world's supply — so any geopolitical tension in the region could spark some sort of meaningful price gain.
Oil steady as prospect of more supply offsets Middle East conflict worries
Oil prices were steady on Tuesday as the prospect of additional supply entering the market amid lacklustre global demand growth offset concerns that the escalating Middle East conflict could disrupt exports in the key producing region.
Oil Falls as Increased Supply Prospects Offset Middle East Fears
Oil prices edged lower in early trading as prospects of increased supply from OPEC+ offset risks of supply disruptions in the Middle East. OPEC and its allies are set to gradually unwind some of its production cuts from December,
13h
Oil prices post losses for the month and quarter on bets for a supply surplus
Oil futures ended Monday with losses for the session, month and quarter, pressured by expectations that major oil producers ...
3h
on MSN
Oil little changed as demand worries offset Mideast fears
Oil prices were little changed on Tuesday as stronger supply prospects and tepid global demand growth outweighed worries that ...
22h
Oil Forecasts Cut for 5th Straight Month on Demand, OPEC Uncertainty
(Reuters) - Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and ...
18h
Oil Update - September 2024
This past month’s movements in oil prices seemed rather severe. Only a few weeks ago, some were talking about Brent oil ...
19h
Russian oil and gas revenue seen falling in 2025-2027 as tax burden on Gazprom to ease, document shows
Russia's state revenue from oil and gas is expected to decline in 2025-2027 mainly because the tax burden on the country's ...
The Hill on MSN
15h
Second oil company CEO conspired with OPEC to keep prices high, FTC charges
Federal regulators are alleging a major
oil
company CEO conspired with foreign governments to keep
oil
and gas prices ...
22h
Libya Set to Revive Halted Oil Production as Bank Crisis Eases
Libya’s eastern-based parliament approved a new central bank governor, ending a standoff over control of the OPEC member’s ...
33m
Claimants are competing for fish, oil and gas amid unresolved maritime boundaries and differing interpretations of law
Claimants are competing for fish, oil and gas amid unresolved maritime boundaries and differing interpretations of law.
1h
on MSN
Exxon-Seplat $1.28 billion deal approval imminent, Nigeria president says
Exxon Mobil Corp's deal to sell its Nigerian onshore assets to Seplat Energy will be approved in days after getting clearance ...
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