Tag #Opec

Showing 25 to 36 of 69 results

theglobeandmail.com
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Oil Prices Fall Amidst Increased Saudi Production and U.S. Economic Contraction

Oil prices fell on Thursday due to signals of increased Saudi Arabian production, a contracting U.S. economy, and the potential for accelerated OPEC+ output hikes, with Brent crude at $59.96 and WTI at $57.07.

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36% Bias Score

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forbes.com
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Falling Oil Prices Squeeze Small U.S. Producers Amidst Trade War

Falling crude oil prices, driven by increased OPEC+ supply and uncertain global demand amid President Trump's trade war, are impacting small U.S. oil producers, with WTI crude falling from nearly $68/barrel in mid-March to $65/barrel by April 18, potentially leading to rig releases and decreased pro...

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44% Bias Score

Affordable and Clean Energy
theglobeandmail.com
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Oil Prices Fall on U.S.-Iran Talks and Tariff Worries

Oil prices fell over 2 percent on Monday, with Brent crude at $66.15 and WTI at $62.84, driven by progress in U.S.-Iran nuclear talks and concerns about tariff-related economic headwinds, impacting global demand.

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48% Bias Score

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dw.com
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IEA Lowers 2025 Global Oil Consumption Forecast

The IEA lowered its 2025 global oil consumption forecast by 300,000 barrels per day to 103.54 million due to weaker economic conditions and trade tensions, while OPEC made a smaller reduction; the price of crude oil has fallen below \$60 per barrel.

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40% Bias Score

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smh.com.au
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Australian Petrol Prices Plummet Amidst Global Oil Market Turmoil

Falling global oil prices, fueled by a US-China trade war and increased OPEC+ production, are causing Australian petrol prices to drop to their lowest point this year, averaging $1.79 per litre nationally, with prices as low as $1.68 in Sydney; however, this may negatively impact Australia's oil and...

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44% Bias Score

Affordable and Clean Energy
elpais.com
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Oil Price Crash Cripples Colombia's Economy

Colombia's oil exports have fallen 17% in March due to decreased global demand and OPEC's increased production, creating a significant economic challenge for the country that relies heavily on oil revenues.

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40% Bias Score

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t24.com.tr
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Brent Crude Oil Plunges 16% Amidst Oversupply and Trade War Fears

Brent crude oil prices fell over 16% in April 2024, reaching $62.57 per barrel due to weak demand amid trade tensions between major oil consumers, oversupply concerns from OPEC+ production increases, and rising US oil stocks.

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44% Bias Score

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forbes.com
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Falling Oil Prices Squeeze US Producers Amidst Global Market Uncertainty

The price of WTI crude oil has fallen to $65/barrel due to increased supply from OPEC+, uncertainty in global demand potentially linked to President Trump's trade war, and slower-than-expected growth in electric vehicle sales, negatively impacting smaller US oil producers.

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36% Bias Score

Decent Work and Economic Growth
forbes.com
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EIA Predicts U.S. Oil Production Plateau by 2027

The U.S. Energy Information Administration (EIA) forecasts U.S. oil production to peak at 14 million barrels per day in 2027, plateau until the early 2030s, then gradually decline, with shale production also peaking in 2027; this prediction aligns with industry expert opinions, but technological adv...

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40% Bias Score

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dw.com
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Trump's Tariffs and OPEC+ Decision Plunge Oil Prices to Four-Year Low

President Trump's new tariffs and the OPEC+ decision to significantly increase oil production sent Brent crude prices plummeting to near US\$60 per barrel, the lowest in four years, raising concerns about global economic growth and significantly impacting Russia's war effort in Ukraine.

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40% Bias Score

Decent Work and Economic Growth
nos.nl
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Oil Prices Plunge to Four-Year Low Amidst Global Market Uncertainty

Global stock market declines caused by Trump's import tariffs have driven oil prices to a four-year low of \$64 a barrel, down from \$75 a week ago, impacting oil-producing nations and potentially lowering gas prices by 10 cents for every \$10 decrease in oil prices.

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44% Bias Score

Decent Work and Economic Growth
nos.nl
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Global Oil Prices Plunge to Four-Year Low Amidst Trade War Fears

Global oil prices have plummeted to a four-year low of \$64 per barrel, down from \$75 a week ago, driven by global stock market declines following US import tariff announcements and fears of a global trade war and potential recession.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 25 to 36 of 69 results