Oil Prices Under Pressure as Concerns Mount Over Chinese Demand | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Jul 19, 2024, 9:06 AM CDT While there is plenty to be bullish about in oil markets today, rising concerns over Chinese...Continue Reading
Bearish Risks Remain Despite a Tight Oil Market | OilPrice.com Premium Content By Editorial Dept – Jul 19, 2024, 8:30 AM CDT Crude oil prices demonstrated resilience this week, recovering from early losses to finish higher on Thursday. Despite conflicting economic signals globally, several key factors fueled a bullish sentiment in the oil market. These...Continue Reading
3 Stocks Set to Outperform if Trump Wins in November | OilPrice.com Premium Content By Editorial Dept – Jul 19, 2024, 8:30 AM CDT Unless you live under a rock, you are probably aware that there was an attempt on Donald Trump’s life this week. So far, the knee-jerk reaction of many of his supporters,...Continue Reading
By Editorial Dept – Jul 19, 2024, 8:30 AM CDT An Israeli drone strike this week along the Beirut-Damascus road on Syria’s border with Lebanon killed a key Syrian businessman who also serves as the regime’s oil supply kingpin. The businessman, prominent Baraa Katerji, a key ally of Syria’s Bashar al-Assad, represents one of the...Continue Reading
Houthi Tanker Attack Causes 200-Kilometer Oil Slick | OilPrice.com Premium Content By Editorial Dept – Jul 19, 2024, 8:30 AM CDT Politics, Geopolitics & Conflict An oil tanker struck by Houthis in the Red Sea earlier this week has exploded, leaving a 200-kilometer-long oil slick. The Liberian-flagged tanker, the Chios Lion, was carrying a cargo...Continue Reading
Russia’s Seaborne Oil Exports Plunge | OilPrice.com Premium Content By Editorial Dept – Jul 19, 2024, 8:30 AM CDT 1. Russia Seaborne Oil Exports Plunge on OPEC+ Compliance and Higher Runs – Russia’s crude oil exports have plunged to a 7-month low, averaging only 3.1 million b/d over the past four weeks, coming on the back of...Continue Reading
Halliburton’s Q2 Profit Rises as Overseas Drilling Offsets Weaker U.S. Market | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 19, 2024, 8:15 AM CDT Halliburton Company (NYSE: HAL) reported on Friday a higher net income for the second quarter compared to the first quarter...Continue Reading
The group led by Saudi Arabia and Russia agreed last month to begin gradually restoring roughly 2.2 MMbpd of halted crude oil production from October. When prices immediately slumped, officials stressed that a committee due to gather on Aug. 1 could postpone the hike if necessary. SourceContinue Reading
Egypt’s Natural Gas Production Sinks to Six-Year Low | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 19, 2024, 7:00 AM CDT Natural gas production in Egypt, which has seen a massive new gas field come on stream in the Mediterranean in recent years, has...Continue Reading
Global Electricity Demand Is Soaring | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 19, 2024, 5:28 AM CDT Economic growth, higher demand for cooling amid heat waves, the rapid rise of data centers, and continued electrification are set to push the growth in global...Continue Reading
