Tag Archives: Investing

Morgan Stanley has forecasted that the crude oil market, currently experiencing tight conditions, will likely move into surplus next year as the investment bank anticipates that oil prices will drop to the mid-to-high $70s range by 2025. Morgan Stanley said that the tight market conditions are expected to persist for …

Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains. Brent crude futures rose 33 cents, or 0.4%, to $85.33 a barrel by 0439 GMT, …

Oil prices rose slightly in Asian trade on Monday, recovering mildly from steep losses last week as traders awaited more cues on U.S. inflation and a meeting of the Organization of Petroleum Exporting Countries this week. Still, trading volumes were expected to be limited with market holidays in the U.S. …

G7 leaders are expected to announce on Wednesday a ban on Russian diamonds and measures to manage some 300 billion euros ($323.58 billion) in immobilised Russian central bank assets and the G7 oil price cap, sources familiar with the matter said. G7 leaders are having a virtual meeting later on …

Oil prices – both WTI and Brent- are trading higher on Thursday, ahead of today’s meeting of the Organization of the Petroleum Exporting Countries (OPEC). “Although yesterday there was talk that Saudi Arabia was pressuring its partners to implement a new cut of 1 million barrels per day in the …

In a strategic pivot towards Asia, Gazprom PJSC has reported delivering record volumes of natural gas to China through the Power of Siberia 1 pipeline, exceeding its supply obligations. The Russian energy giant fulfilled an elevated request from China National Petroleum Corporation (CNPC) on Thursday, marking a significant moment as …

Democratic Senators, led by Chuck Schumer, have called for an investigation into ExxonMobil’s $59.5 billion acquisition of Pioneer Natural Resources and Chevron’s $53 billion purchase of Hess Corporation, citing potential antitrust violations. The lawmakers are concerned that these transactions could disrupt competition, increase gasoline prices, and have negative effects on …

Russian Deputy Prime Minister Alexander Novak said that Russia and Saudi Arabia will discuss the oil market situation and oil prices later on Wednesday, news agencies reported, as the Israel-Palestinian conflict rages on. Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman is due to take part in an energy …

Top executives of Exxon Mobil Corp. and Saudi Aramco voiced their backing for the global transition to cleaner energy forms, while emphasizing the lasting significance of oil in the energy sector for the foreseeable future. The statements were made on Monday at the World Petroleum Congress held in Calgary. Exxon …

Oil prices fell slightly in Asian trade on Wednesday as data pointed to a large weekly build in U.S. inventories, while weak economic signals from major importer China continued to dent the outlook for demand. After Chinese trade data disappointed markets on Tuesday, Chinese consumer inflation sank for the first …