Oil prices are steady despite a surprise gasoline stock build and concerns about Federal Reserve rate cuts, while OPEC+ considers output delays
OPEC+
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KEY POINTS OPEC+ may delay its planned oil production increase in December due to concerns over weak demand and rising supply, four sources close to the matter told Reuters on …
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Shares of U.S. energy companies surged Wednesday as oil prices rose 3 percent following increased tensions in the Middle East, affecting market stability.
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OPEC+ keeps its current oil output policy unchanged, hinting at a possible pause or reversal of planned production hikes in October to stabilize the market.
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Oil prices rose on Thursday due to a significant drop in U.S. crude and gasoline inventories, indicating robust demand and a tighter supply environment.
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Oil prices surged on Thursday, fueled by a surprise draw in US crude oil inventories and speculation of a potential interest rate cut by the Federal Reserve. However, geopolitical tensions …
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Oil prices witnessed a dramatic decline on Monday, June 3rd, marking their steepest one-day drop in several months. This comes amidst a confluence of factors, including a mixed decision by …
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Saudi Arabia’s Aramco share offering has gotten off to a flying start, with investor demand surpassing the initial amount of shares on offer within a very short timeframe. This overwhelming …
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Saudi Arabia is testing investor appetite with a new share sale for its state-owned oil giant Aramco. The move aims to raise up to $13.1 billion and broaden the company’s …
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Saudi Arabia sets to launch a $10 billion secondary share offering for Aramco this Sunday, aligning with strategic economic transformations and oil market dynamics.