OPEC

NEWS DESK

Oil Prices Hover Near Two-Week Lows Amid Demand Concerns and OPEC Downgrade

News Desk 1 17/11/2024 0

Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or

NEWS DESK

Oil Prices Inch Up, Gold Struggles Amid US Dollar Strength and OPEC Demand Outlook 

News Desk 1 14/11/2024 0

Oil prices rebounded slightly on Wednesday on short-covering a day after they fell near a two-week low on OPEC’s reduced demand forecast, but gains were limited as the dollar hit a seven-month high. On Tuesday, the benchmarks closed at their lowest level in nearly two weeks after the Organization of the Petroleum Exporting Countries lowered […]

NEWS DESK

OPEC will increase oil production in October despite global energy market challenges – Noor Capital

News Desk 1 04/09/2024

OPEC’s Risky Position: Supply-Demand Balance Required The OPEC+ alliance, comprising major oil producers like Russia and OPEC members, faces a precarious balancing act. The group must carefully navigate the complexities of maintaining market stability and ensuring the financial security of its members, especially after the recent decision to increase oil production

NEWS DESK

Analysts warned that the oil market may struggle to absorb additional OPEC barrels once production cuts are lifted

News Desk 1 26/08/2024

A couple of events were the most important in global financial markets last week; the FOMC Minutes last July and the statements of the Fed Chairman Jerome Powell at the Jackson Hole Symposium. Both were in favor of risk appetite after they tipped the scales towards starting to cut interest rates at the Federal Open […]