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The Latest Breaking News from OPEC

Crude Closes Lower on Energy Demand Concerns and Increased Russian Exports

February WTI crude oil (CLG24 ) on Friday closed down -0.12 (-0.17%), and Feb RBOB gasoline (RBG24 ) closed up +0.66 (+0.31%). Crude oil and gasoline prices on Friday settled mixed. Crude gave up early gains on Friday and posted modest losses as weaker-than-expected U.S. economic news heightened energy demand...

Crude Slightly Higher on Year-End Fund Short Covering

Crude Slightly Higher on Year-End Fund Short Covering

February WTI crude oil (CLG24 ) this morning is up +0.05 (+0.05%), and Feb RBOB gasoline (RBG24 ) is up +1.92 (+1.40%). Crude oil and gasoline prices this morning are moderately higher on some year-end short covering by funds. Gains are limited by energy demand concerns due to weaker-than-expected U.S....

Three-day week, 50 years on: lessons from a previous Conservative government struggling with a cost of living crisis

Three-day week, 50 years on: lessons from a previous Conservative government struggling with a cost of living crisis

Midwinter. War in the Middle East. Energy crisis. Rising prices borne disproportionately by low-wage workers, particularly in a public sector squeezed by a “Tories in turmoil” UK government.

The Conversation

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Triumphs And Tests: Brazil's Lula Marks One Year Back In Office

In the year since Brazil's President Luiz Inacio Lula da Silva returned to office, he has overseen a reduction in Amazon deforestation and some wins on the economic front.

International Business Times

Crude Prices Sharply Lower on Dollar Strength and Global Energy Demand Concerns

February WTI crude oil (CLG24 ) on Thursday closed down -2.34 (-3.16%), and Feb RBOB gasoline (RBG24 ) closed down -6.22 (-2.88%). Crude oil and gasoline prices on Thursday settled sharply lower, with crude falling to a 1-1/2 week low and gasoline dropping to a 2-week low. A recovery in...

Crude Prices Slip on a Dollar Recovery and Chinese Energy Demand Concerns

February WTI crude oil (CLG24 ) this morning is down -0.91 (-1.23%), and Feb RBOB gasoline (RBG24 ) is down -2.03 (-0.94%). Crude oil and gasoline prices this morning are moderately lower. A recovery in the dollar (DXY00 ) from a 5-month low to higher on the day is undercutting...

Bullish or Bearish: Analyzing Opportunities in 3 Energy Stocks

Amid supply constraints and rising demand, the energy sector’s landscape remains optimistic. In light of this, which stocks among MPLX LP (MPLX), ChampionX Corp (CHX), and Pembina Pipeline Corp (PBA) should investors adopt a bullish stance on? Keep reading to find out….

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Energy Bills in the UK is set to Decrease by a Significant Amount in 2024

Energy Bills in the UK is set to Decrease by a Significant Amount in 2024

The energy price cap in Great Britain is set to decrease by 14 per cent, anticipated to bring down annual bills by an average of £268.

International Business Times UK

Crude Prices End Lower on Technical Selling and Energy Demand Concerns

Crude Prices End Lower on Technical Selling and Energy Demand Concerns

February WTI crude oil (CLG24 ) on Wednesday closed down -1.46 (-1.93%) on Tuesday, and Feb RBOB gasoline (RBG24 ) closed down -1.05 (-0.48%). Crude oil and gasoline prices on Wednesday settled moderately lower. Crude prices were under pressure Wednesday from technical selling as funds closed out their crude positions...

3 Energy Stock Buys for 2024 Gains

3 Energy Stock Buys for 2024 Gains

With forecasts suggesting a surge in oil prices in 2024, the energy sector’s prospects appear to be promising. Thus, three fundamentally sound energy stocks, Equinor ASA (EQNR), Par Pacific Holdings (PARR), and Newpark Resources (NR), might be ideal buys. Read on….

Crude Oil Falls on Technical Selling and Energy Demand Concerns

Crude Oil Falls on Technical Selling and Energy Demand Concerns

February WTI crude oil (CLG24 ) this morning is down -1.07 (-1.42%) on Tuesday, and Feb RBOB gasoline (RBG24 ) is up +1.62 (+0.75%). Crude oil and gasoline prices this morning are mixed. Crude prices are under pressure today from technical selling as funds close out their crude positions ahead...

3 Buy or Hold Energy Stock Options for Momentum

3 Buy or Hold Energy Stock Options for Momentum

With sustained demand for oil and natural gas globally and numerous technological advancements in exploration and production activities, the energy sector’s outlook appears robust. Amid this, let’s analyze if you should buy or hold energy stocks Halliburton (HAL), Pembina Pipeline (PBA), and NGL Energy (NGL) for momentum. Read more to…

Crude Oil Settles Sharply Higher on Heightened Geopolitical Risks

Crude Oil Settles Sharply Higher on Heightened Geopolitical Risks

February WTI crude oil (CLG24 ) closed up +2.01 (+2.73%) on Tuesday, and Feb RBOB gasoline (RBG24 ) closed up +3.09 (+1.44%). Crude oil and gasoline prices on Tuesday closed moderately higher, with crude posting a 3-week high. A weaker dollar Tuesday was supportive of energy prices. Heightened geopolitical risks...

Crude Oil Rallies on Heightened Geopolitical Risks

Crude Oil Rallies on Heightened Geopolitical Risks

February WTI crude oil (CLG24 ) this morning is up +2.34 (+3.18%), and Feb RBOB gasoline (RBG24 ) is up +4.31 (+2.01%). Crude oil and gasoline prices this morning are sharply higher, with crude posting a 3-week high. A weaker dollar today is supportive of energy prices. Heightened geopolitical risks...

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Get Year-End Triumph With 3 Energy Stocks

The energy sector is expected to witness considerable long-term growth and expansion, thanks to robust demand for oil and gas globally and the rapid adoption of digital technology. Given this backdrop, fundamentally sound energy stocks Liberty Energy (LBRT), Delek (DK), and Dorchester Minerals (DMLP) could be solid buys now. Read…

India's energy odyssey: Navigating global oil challenges and forging a sustainable future

India, a burgeoning player in the global energy arena, finds itself at a critical juncture in the intricate tapestry of the world's oil dynamics. Read further on Dynamite News:

Crude Oil Closes Lower as Focus Remains on OPEC and Red Sea Attacks

February WTI crude oil (CLG24 ) closed down -0.33 (-0.45%), and Feb RBOB gasoline (RBG24 ) closed down -2.84 (-1.32%). Crude oil prices saw continued downward pressure from Wednesday's bearish EIA report and Thursday's news that Angola dropped out of the OPEC cartel. However, crude oil prices saw support this...

Crude Little Changed as Focus Remains on OPEC and Red Sea Attacks

February WTI crude oil (CLG24 ) is down -0.08 (-0.1%), and Feb RBOB gasoline (RBG24 ) is down -0.0080 (-0.37%). Crude oil and gasoline prices today are seeing continued downward pressure from Wednesday's bearish EIA report and Thursday's news that Angola dropped out of the OPEC cartel. Crude oil is...

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Angola Drops OPEC, Welcomes Chinese Investment Bonanza!

Angola's decision to exit OPEC paves the way for increased Chinese investment in the country's oil industry, signaling a shift in global power dynamics and...

Crude Posts Moderate Losses on OPEC Rift and Weak U.S. Economic News

February WTI crude oil (CLG24 ) on Thursday closed down -0.33 (-0.44%), and Feb RBOB gasoline (RBG24 ) closed down -4.05 (-1.83%). Crude oil and gasoline prices on Thursday closed moderately lower. Crude prices were weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase in...

Angola to leave OPEC over disagreement on oil production quotas

Oil minister says country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts.

Crude Edges Lower on OPEC Rift and Weak U.S. Economic News

February WTI crude oil (CLG24 ) this morning is down -0.66 (-0.89%), and Feb RBOB gasoline (RBG24 ) is down -4.33 (-1.96%). Crude oil and gasoline prices this morning are moderately lower. Crude prices today are weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase...

International Business Times

Angola Departure A Blow For OPEC+ As Cartel Tensions Rise

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

The Independent UK

Angola is leaving OPEC oil cartel after 16 years after dispute over production cuts

Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year

Angola's Shocking Departure: Bidding Farewell to OPEC

Angola takes an audacious step towards energy independence as it announces its departure from OPEC, signaling a bold new era for the African nation.

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