Oil Bounces Back on Rate Cut Optimism | OilPrice.com Premium Content By Editorial Dept – Jun 07, 2024, 9:00 AM CDT Oil Market Weekly Recap and Forecast Oil prices closed higher on Thursday, rebounding after a week of significant losses. The market reacted positively to the European Central Bank’s (ECB) decision to cut interest rates,...Continue Reading

OPEC+ Paves the Way for 2025 Return of Crude | OilPrice.com Premium Content By Editorial Dept – Jun 07, 2024, 9:00 AM CDT In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week...Continue Reading

By Editorial Dept – Jun 07, 2024, 9:00 AM CDT OPEC’s decision on Sunday to leave the door open for rolling back some of the production cuts, while not an unprecedented move, has led to a bearish reaction in the oil markets, with prices plummeting in the days following the announcement. Analysts have expressed concern...Continue Reading

Saudis To Raise At Least $11.2 Billion from Aramco’s Share Sale | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jun 07, 2024, 8:00 AM CDT The Kingdom of Saudi Arabia...Continue Reading

Australia Urged to Boost Renewable Investment to Meet Clean Energy Target | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jun 07, 2024, 7:00 AM CDT Investment in renewable energy projects...Continue Reading

Oil Price Outlook More Bullish Than Selloff Suggests: Fund Manager | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jun 07, 2024, 5:00 AM CDT Portfolio manager Eric Nuttall believes the recent oil...Continue Reading

Canadian Oil Executives Slam Proposed Emissions Cap on Oil and Gas Production | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jun 07, 2024, 3:00 AM CDT Canadian oil executives have spoken out...Continue Reading

Oil Prices Set for Third Weekly Loss in a Row | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jun 07, 2024, 1:00 AM CDT OPEC+ surprised markets with the possibility of some...Continue Reading

Saudi Arabia Eyes Chipmakers for Diversification | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jun 06, 2024, 6:00 PM CDT Digital technology is a major focus of the Saudi Vision 2030 program led by Crown Prince Mohammed. This week saw the third edition of the...Continue Reading

The new pump technology will support and enable the gas stream, rich in CO2, to be separated and pumped immediately back into the reservoir at the seabed, 2000 m below the water line, allowing FPSOs to improve their efficiency and reduce their carbon footprint, further enhancing production. SourceContinue Reading