Tag #Oil Prices

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repubblica.it

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Sep 11, 22:20

Global Oil Market Faces Surplus Amidst Weak Demand and Increased Supply

The International Energy Agency (IEA) forecasts a global oil surplus in 2025, driven by lower-than-expected demand growth of 740,000 barrels per day and record production reaching 106.9 million barrels per day in August.

Global Oil Market Faces Surplus Amidst Weak Demand and Increased Supply

The International Energy Agency (IEA) forecasts a global oil surplus in 2025, driven by lower-than-expected demand growth of 740,000 barrels per day and record production reaching 106.9 million barrels per day in August.

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What is the primary cause of the projected oil surplus in 2025, and what are its immediate consequences?

The primary cause is the divergence between lower-than-anticipated oil demand growth (740,000 barrels per day) and a surge in oil production, reaching record highs. This imbalance leads to an oversupply, pushing oil prices down; August saw a decrease of roughly $2 per barrel for Ice Brent futures, settling at $67.

edition.cnn.com

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Sep 7, 07:16

OPEC+ to Slightly Increase Oil Output in October

OPEC+ will likely raise oil production in October, but by a smaller amount than in recent months, due to slowing global demand and the group's near-capacity production.

OPEC+ to Slightly Increase Oil Output in October

OPEC+ will likely raise oil production in October, but by a smaller amount than in recent months, due to slowing global demand and the group's near-capacity production.

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Affordable and Clean Energy

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How does this October increase compare to previous months and the overall strategy of OPEC+?

The projected October increase is considerably smaller than the 547,000 bpd increase in September. This reflects OPEC+'s shift from a strategy of output cuts to gradually unwinding previous production cuts, aiming to boost market share while considering global demand.

us.cnn.com

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Sep 7, 07:16

OPEC+ to Slightly Increase Oil Output in October

OPEC+ will likely raise oil production in October, but by a smaller amount than in recent months, due to slowing global demand and the group's inability to meet previous production targets.

OPEC+ to Slightly Increase Oil Output in October

OPEC+ will likely raise oil production in October, but by a smaller amount than in recent months, due to slowing global demand and the group's inability to meet previous production targets.

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Affordable and Clean Energy

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How does this October production increase compare to previous months, and what are the broader market implications?

The projected October increase is significantly lower than the 547,000 bpd increase in September. This reflects the challenges OPEC+ faces in boosting production, despite the need to address Western sanctions on Russia and Iran and counter increased production from rivals like the United States. The smaller increase may not significantly impact oil prices, which remain supported by geopolitical factors.

t24.com.tr

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Sep 7, 16:18

Commodity Markets React to US Job Data and Inflation Expectations

Last week, US employment data fueled safe-haven demand for precious metals, while investor focus shifted to upcoming US inflation figures; weaker-than-expected job growth raised recession concerns, impacting various commodities.

Commodity Markets React to US Job Data and Inflation Expectations

Last week, US employment data fueled safe-haven demand for precious metals, while investor focus shifted to upcoming US inflation figures; weaker-than-expected job growth raised recession concerns, impacting various commodities.

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Decent Work and Economic Growth

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What were the key impacts of the US job data on commodity markets?

The weaker-than-expected US job data, showing a decline in job openings and an increase in unemployment claims, increased recession fears. This boosted demand for safe-haven assets like precious metals, while negatively impacting industrial and energy commodities.

theglobeandmail.com

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Sep 2, 13:19

Global Markets Mixed Amidst Rate Cut Expectations

Global equities markets experienced mixed results as investors anticipated upcoming economic data releases, potentially influencing the Federal Reserve's decision on interest rate cuts this month; oil prices rose due to supply concerns, while the Canadian dollar weakened against the US dollar.

Global Markets Mixed Amidst Rate Cut Expectations

Global equities markets experienced mixed results as investors anticipated upcoming economic data releases, potentially influencing the Federal Reserve's decision on interest rate cuts this month; oil prices rose due to supply concerns, while the Canadian dollar weakened against the US dollar.

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Decent Work and Economic Growth

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What is the primary market driver impacting global equity markets?

Investor anticipation of upcoming economic data, particularly the U.S. nonfarm payrolls report, is the primary driver. This data could solidify expectations for a U.S. Federal Reserve rate cut this month, influencing market sentiment and direction. A rate cut is not guaranteed but is considered a possibility if jobs data indicates significant weakness.

theglobeandmail.com

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Aug 25, 13:20

Global Markets Cautious Amidst Potential US Rate Cuts

Global markets showed mixed reactions to potential U.S. interest rate cuts, with European markets declining while Asian markets showed mixed results; oil prices rose due to concerns about Russian supply disruptions; and the Canadian dollar remained relatively stable.

Global Markets Cautious Amidst Potential US Rate Cuts

Global markets showed mixed reactions to potential U.S. interest rate cuts, with European markets declining while Asian markets showed mixed results; oil prices rose due to concerns about Russian supply disruptions; and the Canadian dollar remained relatively stable.

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What factors beyond interest rate expectations are influencing global market performance, particularly in the energy and technology sectors?

The shift in the Fed's stance, signaling likely interest rate cuts, has increased the chance of a quarter-point cut next month and at least 100 basis points of easing by mid-next year. This reinforces JPMorgan's view that the Fed will respond to softening labor demand, potentially impacting global growth. European markets showed declines, while Asian markets saw mixed results.

dw.com

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Sep 11, 22:20

Russia

Russia's August 2025 budget deficit shrank by 686 billion rubles to 4.19 trillion rubles, exceeding the annual plan of 3.8 trillion rubles, primarily due to lower-than-expected oil export revenues resulting from decreased global oil prices and a stronger ruble.

Russia

Russia's August 2025 budget deficit shrank by 686 billion rubles to 4.19 trillion rubles, exceeding the annual plan of 3.8 trillion rubles, primarily due to lower-than-expected oil export revenues resulting from decreased global oil prices and a stronger ruble.

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What were the main factors contributing to Russia's increased budget deficit in August 2025?

The primary factor was lower-than-expected revenue from oil exports. This was caused by a combination of decreased global oil prices and an appreciation of the ruble. Consequently, the deficit reached 4.19 trillion rubles, significantly higher than the planned 3.8 trillion rubles.

forbes.com

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Sep 7, 22:18

OPEC+ Raises Oil Production, Signaling Market Share Focus

Eight OPEC+ members increased October oil production by 137,000 barrels per day, part of a broader strategy to unwind production cuts and increase market share, citing healthy market fundamentals.

OPEC+ Raises Oil Production, Signaling Market Share Focus

Eight OPEC+ members increased October oil production by 137,000 barrels per day, part of a broader strategy to unwind production cuts and increase market share, citing healthy market fundamentals.

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What are the potential long-term consequences of OPEC+'s strategy?

OPEC+'s strategy of prioritizing market share, even with potential oversupply, signals a shift in its approach. This could lead to lower oil prices and increased competition with non-OPEC producers like the U.S., Brazil, Canada, Guyana and Norway, who are also increasing production.

cnn.com

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Sep 7, 04:15

OPEC+ to Slightly Increase Oil Output in October

OPEC+ will likely raise oil production in October, but by a smaller amount than in previous months, due to slowing global demand and the group's near-capacity production.

OPEC+ to Slightly Increase Oil Output in October

OPEC+ will likely raise oil production in October, but by a smaller amount than in previous months, due to slowing global demand and the group's near-capacity production.

Progress

16% Bias Score

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Affordable and Clean Energy

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How does this production increase relate to OPEC+'s previous production adjustments and overall market conditions?

This October increase marks a continuation of OPEC+'s strategy reversal from April, when the group implemented output cuts. Since April, OPEC+ has already raised quotas by approximately 2.5 million bpd to boost market share and respond to pressure to lower oil prices. Despite these increases, oil prices remain elevated near $66 a barrel due to sanctions on Russia and Iran, and increased US production.

mk.ru

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Sep 6, 13:17

Russia's August Oil and Gas Revenue Plunge: Causes, Impacts, and Forecasts

Russia's August oil and gas revenues plummeted 32% year-on-year to 620.6 billion rubles, driven by lower oil prices, reduced taxes, a stronger ruble, sanctions, and export shifts, increasing the risk of a larger federal budget deficit.

Russia's August Oil and Gas Revenue Plunge: Causes, Impacts, and Forecasts

Russia's August oil and gas revenues plummeted 32% year-on-year to 620.6 billion rubles, driven by lower oil prices, reduced taxes, a stronger ruble, sanctions, and export shifts, increasing the risk of a larger federal budget deficit.

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What caused the sharp decline in Russia's oil and gas revenues in August?

The main cause was a 32% year-on-year decrease in oil and gas extraction taxes (to 620.6 billion rubles), especially gas taxes which fell 48%. Lower global oil prices (Brent averaged $69/barrel, down 12.7% year-on-year) also contributed.

forbes.com

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Aug 26, 22:21

Global Oil Prices Plunge on Sanctions, Tariff Threats

Global oil prices dropped sharply on Tuesday, with Brent crude at $66.87 per barrel (-2.11%) and WTI at $63.33 (-2.27%), driven by renewed US sanctions threats against Russia and potential tariffs on Indian oil imports, despite earlier gains due to the Ukraine war and expected US rate cuts.

Global Oil Prices Plunge on Sanctions, Tariff Threats

Global oil prices dropped sharply on Tuesday, with Brent crude at $66.87 per barrel (-2.11%) and WTI at $63.33 (-2.27%), driven by renewed US sanctions threats against Russia and potential tariffs on Indian oil imports, despite earlier gains due to the Ukraine war and expected US rate cuts.

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What caused the sharp reversal in global oil prices on Tuesday, and what are the immediate economic implications?

Global oil prices fell on Tuesday, with Brent crude closing at $66.87 per barrel (down 2.11%) and West Texas Intermediate at $63.33 (down 2.27%). This drop follows earlier gains fueled by the Ukraine conflict and potential Federal Reserve rate cuts, but was reversed by renewed concerns over further US sanctions on Russia and potential tariffs on Indian oil imports.

edition.cnn.com

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Aug 23, 19:18

Ukraine's Drone Strikes on Russian Refineries Cause Record Gas Prices

Ukrainian drone strikes on at least ten Russian oil refineries this month have caused record-high gasoline prices in Russia, despite a government export ban, impacting daily life and the economy.

Ukraine's Drone Strikes on Russian Refineries Cause Record Gas Prices

Ukrainian drone strikes on at least ten Russian oil refineries this month have caused record-high gasoline prices in Russia, despite a government export ban, impacting daily life and the economy.

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What is the immediate impact of increased Ukrainian attacks on Russian oil refineries?

Increased Ukrainian drone attacks on Russian oil refineries have caused gasoline prices to surge to record highs, despite a government export ban. At least ten key energy facilities have been targeted this month alone, impacting over 10% of Russia's refining capacity. This includes major refineries like Lukoil in Volgograd and facilities in Saratov and Rostov.

Showing 1 to 12 of 321 results