Oil Prices Under Pressure as Bearish Sentiment Builds | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – May 03, 2024, 9:45 AM CDT Bearish sentiment is building in oil markets after the latest U.S. economic data sparked concerns over demand. Rising oil...Continue Reading
OPEC Resolves Compensation Plans for Overproducing Members | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – May 03, 2024, 9:30 AM CDT OPEC convened a workshop today to address oil overproduction issues...Continue Reading
Glencore Could Start a Bidding War for Anglo American | 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 – May 03, 2024, 8:15 AM CDT Commodity giant Glencore has held early internal...Continue Reading
G7 Acknowledges Russian Asset Seizure Not on the Table | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 03, 2024, 7:12 AM CDT Officials from the G7 group of the world’s most industrialized nations are privately admitting that an all-out seizure of frozen Russian assets...Continue Reading
By Editorial Dept – May 03, 2024, 6:30 AM CDT While all attention is on the Middle East and the Russia-Ukraine war, Moscow is securing key venues in Africa while Western nations withdraw or are forced out. Late on Thursday, Russian troops entered a U.S. airbase in Niger, after the new military junta there evicted...Continue Reading
What’s Next for Big Oil After an Uninspiring Earnings Season? | OilPrice.com Premium Content By Editorial Dept – May 03, 2024, 6:30 AM CDT Last week, I wrote that while Q1 profits were expected to be down this year and energy stock prices were higher, that didn’t mean that energy wasn’t a place to be...Continue Reading
Iran Claims to Have Expanded Its Axis of Resistance | OilPrice.com Premium Content By Editorial Dept – May 03, 2024, 6:30 AM CDT Politics, Geopolitics & Conflict Danish shipping giant Maersk has raised the lower end of its full-year guidance thanks to Houthi attacks that have disrupted Red Sea shipping. Maersk is now expecting Q1...Continue Reading
Oil Prices Fall to 7-Week Low as Market Pressures Mount | OilPrice.com Premium Content By Editorial Dept – May 03, 2024, 6:30 AM CDT Oil prices have dipped to their lowest levels in nearly two months, with U.S. West Texas Intermediate (WTI) and Brent crude being particularly impacted. These declines reflect a complex interplay of...Continue Reading
Texas Is Preparing for Electricity Demand to Surge | OilPrice.com Premium Content By Editorial Dept – May 03, 2024, 6:30 AM CDT 1. Shell Remains on the Right Track to Recovery – UK-based energy major Shell was one of the rare oil companies to surpass analyst expectations with its Q1 reported profit of $7.7 billion, buoyed by...Continue Reading
Heavy Oil Crunch Could Drive Up Shipping and Construction Costs | 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 – May 03, 2024, 5:58 AM CDT A limited supply of heavy crude...Continue Reading
