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OPEC

Ole Hansen
NEWS DESK

Crude oil: short-term weakness masks long-term supply challenge – Saxo Bank

Crude prices tumbled on Wednesday after OPEC’s latest monthly report flipped its third-quarter projection from a 400,000-barrel daily deficit to a 500,000-barrel surplus. The revision—alongside forecasts from other agencies showing a larger surplus into 2026—was widely read as confirmation that the long-anticipated oversupply has arrived. The International Energy Agency in
NEWS DESK

Oil Rises as OPEC+ Halts Output Hike and Black Sea Tensions Lift Sentiment – Comments from Vijay Valecha, CIO – Century Financial

US Markets The week ended with a 0.74% gain, driven by stellar Q3 earnings from six of the Magnificent Seven. Sentiment was also lifted by signs of easing U.S.-China trade tensions, with the Nasdaq 100 up 1.9%. From a fundamental standpoint, upbeat earnings reignited AI momentum in the markets. However, the rally cooled slightly last […]
NEWS DESK

Crude Oil Holds Strong Amid OPEC+ Hike and Geopolitical Risks; Crypto and Gold Rally on Fed Cut Hopes : Comments from Century Financial

PR News Desk
Despite OPEC+’s planned production increase in September, the crude oil market displays underlying bullish momentum. Today, Brent and WTI both rebounded by 0.68% to $69.50 and $66.90 respectively, defying previous session losses, underscoring market resilience. While the 547,000 bpd increase from OPEC+ (part of a larger 528,000 bpd total quota adjustment) aims to
Energy
Business Energy Oil & Gas

Do you know that these 8 countries control the world’s energy supply?

Arnold Pinto
As oil superpowers Global oil production remains dominated by a handful of countries, each with significant influence over energy markets, pricing, and international policy. As geopolitical tensions and energy transitions unfold, these nations remain critical to the global energy supply chain. Middle Eastern producers, particularly Saudi Arabia, the UAE, and Iraq, remain
Noor Capital
NEWS DESK

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

PR News Desk
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