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6 hours ago · Ole Hansen, head of commodities strategy at Saxo Bank, says: “Factors like crude oil prices hovering around $80 instead of the anticipated $90, coupled with Aramco’s weakest stock performance over a year due to lower prices and Saudi production restraints, could result in lower proceeds compared to other times in recent months.”
6 hours ago · NEW YORK: Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group’s output cuts. Brent futures for ...
6 hours ago · Higher oil prices may also become more of a factor in coming months, given that May's imports were likely secured before crude's rally from mid-March to mid-April. Global benchmark Brent crude futures rose from $81.08 a barrel on March 11 to a six-month high of $92.18 on April 12.
6 hours ago · OPEC to meet amid signs of waning influence on oil prices . WORLD 02 June 2024 - 08:02. The New York Times carries an article about major producers, including Saudi Arabia and Russia, which are set to gather virtually on June 2 to maintain production cuts amid signs of a softening market, Caliber.Az reprints the article.
6 hours ago · The stock issuance coincides with the upcoming OPEC+ meeting, where discussions on extending production cuts are expected. With the Brent crude oil price hovering around $82 per barrel, the International Monetary Fund estimates that Saudi Arabia needs oil prices to be close to $100 per barrel to balance its budget.
6 hours ago · Gas flows to the seven big US LNG export plants rose from an average of 11.9 bcfd in April to 12.9 bcfd so far in May with the return of Freeport LNG’s 2.1-bcfd plant in Texas. That compares ...
6 hours ago · NEW YORK, May 31 (Reuters) - Oil prices fell and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group's output cuts. Brent futures for July delivery were down 24 cents, or 0.3%, to $81.62 a barrel, while the more liquid August contract was down 77 cents, or 0.8%, at $81.11.
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