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Investing.com - Market players are likely to stay focused on global supplies in the week ahead, after oil prices suffered their second consecutive weekly loss, driven lower by indications of swelling U.S. crude stockpiles.
As we rapidly approach the start of the sanctions against Iran on November 4, investors will continue to monitor exports from Iran and the number of nations likely to side with the U.S. in limiting the amount of oil exported from the rogue nation. The Saudi’s will continue to try to deflect the negative news over Khashoggi by talking up its role in preventing a worldwide oil shortage following the start of the sanctions against Iran on November 4.
BP Chief Executive Bob Dudley said that current oil prices are too high and that they are causing demand destruction in many emerging economies such as India, South Africa and Turkey
Oil prices declined this past week, with Brent crude 0.3% lower and West Texas Intermediate crude down by nearly 3%. The decline came amid more questions and outrage regarding the death of journalist Jamal Khashoggi. Saudi Arabia announced late Friday that the dissident Saudi journalist was dead and that 18 Saudis have been arrested, according to the New York Times.
An internal OPEC document suggests that the cartel and its allies are struggling to ramp up production and make good on its additional 1 million bpd promise
Matra Petroleum AB (publ)’s (STO:MATRA): Matra Petroleum AB (publ), an independent oil and gas company, engages in the exploration and production of oil and gas in the United States. With Read More...
* Palm falls for second straight day * Market up 1.3 percent on weekly basis * Palm oil to retest resistance at 2,262 ringgit - Techs (Updates with closing prices) By Emily Chow KUALA LUMPUR, Oct 19 (Reuters) ...
By Bernadette Christina Munthe JAKARTA, Oct 19 (Reuters) - Output of palm oil from Indonesia, the world's top producer of the vegetable oil, rose in September buoyed by peak harvest season, while demand ...
China's coal output hit its highest in nine months in September, government data showed on Friday, boosted as new mining capacity started up in the country's northwest. China has been given the go-ahead for a number of big coal mines as it tries to ease concerns about fuel shortages amid a crackdown on small outdated mines and tightened emission controls. Miners churned out 306.01 million tonnes of coal last month, up 3.2 percent from 296.6 million tonnes in August and up 5.2 percent from the same time last year, according to the data from the National Bureau of Statistics (NBS).
The US dollar has gone back and forth against the Japanese yen over the last several for our candles, as we consolidate the gains that we had recently enjoyed. It looks as if the market is ready to look for a reason to go higher though.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures fell on Thursday, snapping two days of gains, as it tracked ...
In contrast to some other major players, oil trader Trafigura remains bullish on crude, and expects prices to rise next year as it continues to see upside for oil
Investing.com - With a little more than two weeks to go until the most-anticipated development in oil markets this year, traders look flummoxed about the impact of Iran oil sanctions due Nov. 4.
Saudi Aramco signed a deal to invest almost $25 billion over the course of two years in a 400,000 bpd refinery and associated petrochemical plants in eastern China
At 4:12 p.m. (2012 GMT), the Canadian dollar was trading 0.3 percent lower at 1.3070 to the greenback, or 76.51 U.S. cents. The decline for the loonie was driven by strengthening of the U.S. dollar rather than "anything Canada-specific," said Greg Anderson, global head of foreign exchange strategy for BMO Capital Markets in New York. Oil is one of Canada's major exports, but crude's impact on the loonie tends to weaken if it is not trading at levels needed to affect investment in Canada's energy sector.
UAE’s ADNOC is boosting production in October and November and introduced a new low sulfur light crude oil blend that goes by the name of Umm Lulu
Natural gas, crude oil and refined products from the Eagle Ford Shale are finding their way to global markets.
On October 10–17, our list of oil-weighted stocks fell 4% compared to the 4.7% fall in US crude oil November futures. On average, our list of oil-weighted stocks outperformed US crude oil prices.
Rising U.S. crude oil exports to Europe and Asia have had a knock-on effect in the futures market, turning the U.S. West Texas Intermediate contract into a near-24 hour benchmark, exchange operator CME Group said. Owain Johnson, managing director for energy research and development at CME, said the shift has also led CME to introduce the first change to the quality of WTI crude since 1983, coming into force from January next year.
The WTI crude oil futures contract has stalled at major resistance and could reverse in the coming weeks, ending the uptrend that started in 2016. Initial downside won't cause much pain, with the contract trading above long-term moving averages for the first time since 2014.
Will Marathon Petroleum’s Q3 Earnings Beat the Estimates? In this part, we’ll discuss Marathon Petroleum’s (MPC) dividend yield level before its third-quarter results. Marathon Petroleum’s dividend payments have been increasing steadily in the past several quarters.
RIO DE JANEIRO (Reuters) - Royal Dutch Shell (RDSa.AS) plans to invest $1 billion to $2 billion annually in oil exploration and production in Brazil through 2025, Brazilian newspaper Valor Economico reported ...
Iraqi Oil Minister Jabar al-Luaibi has issued a decree transferring the ownership of nine state-owned oil companies, including state oil marketer SOMO, from the oil ministry to the newly-formed National Oil Company which he also heads, a ministry spokesman said on Thursday. Luaibi took the decision in his capacity as National Oil Company chief, not minister, according to a statement by spokesman Asim Jihad. The Iraqi government had last week named Luaibi as head of the new National Oil Company, which is to serve as an umbrella organisation for state oil firms.