Tag #Opec

it.euronews.com
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Crude Oil Prices Surge Amidst Geopolitical Tensions and Strong Demand

Crude oil prices hit a high since October 14, reaching $77.32 per barrel for Brent and $74.61 for WTI, driven by supply concerns from Russia and Iran, increased US and European demand, and decreased US oil inventories.

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44% Bias Score

Affordable and Clean Energy
smh.com.au
🌐 85% Global Worthiness
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\"Commodity Markets in 2025: Oil, Coffee, Cocoa, Coal, and Iron Ore Face Uncertainties\"\

\"In 2025, OPEC+ faces production challenges, BP anticipates lower earnings, coffee and cocoa prices will rise due to crop shortfalls, coal consumption remains high, and iron ore prices are expected to fall.\

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48% Bias Score

Zero Hunger
cnbc.com
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Inflation Meets Expectations, Nasdaq Hits Record High

U.S. inflation edged up to 2.7% in November, meeting expectations and bolstering predictions of a Fed rate cut; concurrently, the Nasdaq Composite surpassed 20,000, driven by tech giants' gains, while ETF inflows exceeded $1 trillion.

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44% Bias Score

Reduced Inequality
cnbc.com
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U.S. Markets Pause After Record Week, Awaiting Key Jobs Report

U.S. markets saw a slight decline yesterday, with the S&P 500, Dow Jones, and Nasdaq falling slightly, while European markets continued to rise; the upcoming U.S. jobs report is expected to show substantial job growth in November, potentially indicating sustained economic strength.

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40% Bias Score

Decent Work and Economic Growth
themarker.com
🌐 75% Global Worthiness
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South Korea Political Crisis Shakes Asian Markets

Following South Korean President Yoon Suk-yeol's declaration and subsequent revocation of a state of emergency and martial law, Asian markets saw mixed reactions; Seoul's KOSPI fell 1.8%, while the South Korean won initially plunged to a two-year low versus the dollar before recovering slightly.

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36% Bias Score

cnn.com
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Trump's Gas Price Plan: A Rocky Road Ahead?

Analysis of President-elect Trump's plan to lower gas prices through increased oil production, exploring the challenges and potential consequences.

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40% Bias Score

Affordable and Clean Energy
theglobeandmail.com
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Oil Prices Set for Second Consecutive Annual Decline in 2024

Oil prices are set to fall for a second year in 2024, despite a slight uptick on Tuesday, due to weak Chinese demand, rising global supply, and the delayed increase in OPEC output; Brent crude is down 3.4% year-on-year, while WTI is down 0.4%.

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32% Bias Score

Affordable and Clean Energy
forbes.com
🌐 75% Global Worthiness
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Bearish Crude Oil Market Outlook for 2025

As the trading year ends, crude oil markets show a bearish trend due to oversupply, reduced Chinese demand (300,000 bpd less in Q4 2024 than Q4 2023), and a stronger dollar following the Fed's rate cut announcement.

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40% Bias Score

Affordable and Clean Energy
forbes.com
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Assad Regime Fall: Short-Term Bullish, Long-Term Bearish Oil Market Outlook

The fall of the Assad regime in Syria is unlikely to directly affect world oil markets initially, but it could lead to short-term price increases due to potential sanctions on Iran or longer-term price decreases if a new agreement is reached, significantly impacting global oil markets and prices.

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48% Bias Score

Peace, Justice, and Strong Institutions
allafrica.com
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"OPEC Extends Nigeria's Oil Quota to 2026"

"OPEC extended Nigeria's oil production quota to 1.5 million barrels per day until 2026 at its 38th meeting, aiming for market stability while Nigeria plans to produce 2.06 million bpd in 2025, including condensate."

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40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Oil Prices Rise on China Growth and Middle East Tensions

Oil prices rose on Monday, with Brent crude reaching $72.59 (+1.04%) and WTI at $68.70 (+1.03%), due to China's strong factory activity and continued Middle East tensions despite a ceasefire; OPEC+ postponed its meeting to December 5th.

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44% Bias Score

cnbc.com
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Oil Prices Set for a Drastic Fall?

Market analysts predict a significant drop in oil prices if OPEC+ unwinds its output cuts, citing oversupply and weak demand.

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0% Bias Score