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Soaring Oil Prices Rattle the White House
As Biden touts "Bidenomics" for his re-election campaign, the sustained rise in crude oil has caused growing concerns within the White House. As Biden touts "Bidenomics" for his re-election campaign, the sustained rise in crude oil has caused growing concerns within the White House. -
Oil Price Rollercoaster: Reuters' Misfire Sparks Intense Market Tug of War at the $80 Mark
On the afternoon of July 17th, the oil market experienced a sudden surge, with both US and Brent crude soaring by over 2% following a report from Reuters stating that "Saudi Arabia's Energy Department will voluntarily extend production cuts until the end of 2024." This news prompted a rise in European energy stocks as well. On the afternoon of July 17th, the oil market experienced a sudden surge, with both US and Brent crude soaring by over 2% following a report from Reuters stating that "Saudi Arabia's Energy Department will voluntarily extend production cuts until the end of 2024." This news prompted a rise in European energy stocks as well. -
A Pillar of Global Oil Price Stability: The Rise in U.S. Crude Production
While Saudi Arabia and other major oil exporters aim to boost global oil prices through production cuts, their control over oil prices appears to be waning. The other major force in the global oil market, U.S. oil, is on track to break new production records. While Saudi Arabia and other major oil exporters aim to boost global oil prices through production cuts, their control over oil prices appears to be waning. The other major force in the global oil market, U.S. oil, is on track to break new production records. -
The Fed Takes the Heat: Lower Oil Prices Amid Rising Demand, Blaming Interest Rate Hikes
Over the past six months, despite the support of China's economic recovery for energy demand, and production cuts announced by OPEC+ members including Russia and Saudi Arabia, oil prices have continued to fluctuate downward, with a cumulative drop of over $10 per barrel this year. Over the past six months, despite the support of China's economic recovery for energy demand, and production cuts announced by OPEC+ members including Russia and Saudi Arabia, oil prices have continued to fluctuate downward, with a cumulative drop of over $10 per barrel this year. -
Saudi-Russian Production Cuts Meet Asian Resistance: How Long Can Oil Prices Hold?
International oil prices rebounded overnight, with U.S. oil surging more than 2.2% and Brent crude reaching its highest in nearly two weeks. International oil prices rebounded overnight, with U.S. oil surging more than 2.2% and Brent crude reaching its highest in nearly two weeks. -
Oil Prices Plunge Over 5% Ahead of Federal Reserve Decision
On Wednesday, international oil prices continued to fall, extending the decline from the previous trading day as traders worried about the Federal Reserve's upcoming interest rate decision amid economic uncertainty. On Wednesday, international oil prices continued to fall, extending the decline from the previous trading day as traders worried about the Federal Reserve's upcoming interest rate decision amid economic uncertainty. -
Oil Producers May Reconsider Production As China's Oil Demand Bounces
China has become the biggest uncertain factor in global oil and gas markets in 2023 China has become the biggest uncertain factor in global oil and gas markets in 2023 -
Oil Prices Rise On Hopes That China Demand Will Recover, Even As OPEC+ Policy Remains Unchanged
Over the next 18 months, the Chinese economy might release a significant wave of stalled demand Over the next 18 months, the Chinese economy might release a significant wave of stalled demand -
Oil Price Dips But China Reopening Will Fuel Demand
China's reopening from COVID restrictions will lift fuel demand near 2023 highs China's reopening from COVID restrictions will lift fuel demand near 2023 highs -
Oil Continues Price Hike Amid China's Laxing COVID Restrictions, Key Pipeline Shut
TC Energy Corp's Keystone Pipeline has remained shut since a 14,000-barrel leak in the U.S. state of Kansas reported on Dec. 7 TC Energy Corp's Keystone Pipeline has remained shut since a 14,000-barrel leak in the U.S. state of Kansas reported on Dec. 7