Oil prices have experienced a significant surge, with US crude oil prices jumping by over 2%. This increase comes despite recent concerns about a potential global economic slowdown and the…
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Oil prices have risen due to a combination of factors that are tightening global supply. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have extended their production…
OPEC’s crude oil production increased in November 2024, reaching an average of 26.66 million barrels per day (bpd). This represents a rise of 104,000 bpd from October’s output. The primary…
Concise Summary: ExxonMobil, the largest US oil company, is increasing its capital spending by 10% to around $23-$25 billion in 2023. This comes despite reporting a 56% drop in its…
Oil prices are experiencing upward pressure but remain volatile due to a mix of global economic factors. While signs of strengthening demand, particularly from China, are providing support, concerns about…
Brent crude oil futures prices saw a marginal increase in recent trading sessions. This uptick comes after a period of relative stability in oil prices, influenced by various global economic…
India has significantly ramped up its urea production capacity with the addition of six new production units. 1 This initiative, driven by the government’s push for self-sufficiency in fertilizers, aims…
Goldman Sachs maintains its view that the Brent crude oil 1-month/36-month timespread (the difference in price between futures contracts expiring in one month and those expiring in 36 months) is…
US crude oil futures saw a notable increase, settling at $68.37 per barrel, marking a rise of $1.17 or 1.73%. This upward movement is attributed to several factors, including supply…
Brent crude futures, the international benchmark for oil prices, settled at $72.14 per barrel on [date], marking a rise of $1.02 or 1.43%. This upward movement reflects a combination of…