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Showing posts with the label November 13

The oil market is still 'reasonably tight': ANZ strategist

The oil market is still 'reasonably tight': ANZ strategist https://cnb.cx/2PZEL3w Daniel Hynes of ANZ says the bank forecasts that Iran will export 350,000 to 400,000 fewer barrels of oil a day, which would cause the market to become tighter. https://ift.tt/2PddWW7 November 13, 2018 at 05:33PM Energy https://cnb.cx/2KU3Ztw

Market volatility due to 'anxiety' ahead of our December meeting, OPEC secretary general says

Market volatility due to 'anxiety' ahead of our December meeting, OPEC secretary general says https://cnb.cx/2DDJBh6 OPEC's secretary general has told CNBC that oil price volatility is due to anxiety ahead of the 14-member oil producer group's next meeting in Vienna in December. https://ift.tt/2PddWW7 November 13, 2018 at 10:15PM Energy https://cnb.cx/2KU3Ztw

European stocks set to open lower as oil slumps; UK, EU agree on Brexit divorce draft

European stocks set to open lower as oil slumps; UK, EU agree on Brexit divorce draft https://cnb.cx/2B4adVO European futures pointed to a lower open on Wednesday as oil prices dived further into bear market territory. https://ift.tt/2PddWW7 November 13, 2018 at 08:37PM Energy https://cnb.cx/2KU3Ztw

'Things are changing' for Sudan, says one of its ministers

'Things are changing' for Sudan, says one of its ministers https://cnb.cx/2K8KoHn Azhari Abdalla, minister of petroleum and minerals of Sudan, says the country is "absolutely secure" now. https://ift.tt/2PddWW7 November 13, 2018 at 07:38PM Energy https://cnb.cx/2KU3Ztw

A 'signal' of action is needed from Saudi Arabia: Strategist

A 'signal' of action is needed from Saudi Arabia: Strategist https://cnb.cx/2B47vzA Helima Croft of RBC Capital Markets says the market is "ignoring" Saudi Arabia as a result of the perception that U.S. President Donald Trump has the country "over a barrel." https://ift.tt/2PddWW7 November 13, 2018 at 07:18PM Energy https://cnb.cx/2KU3Ztw

The recent oil price decline is 'not surprising': Investor

The recent oil price decline is 'not surprising': Investor https://cnb.cx/2K8JRVT Steve Goldman of Kapstream Capital discusses the price of oil in the current environment and the role of OPEC in facilitating change. https://ift.tt/2PddWW7 November 13, 2018 at 07:07PM Energy https://cnb.cx/2KU3Ztw

Oil prices could 'potentially' move lower again: ClipperData

Oil prices could 'potentially' move lower again: ClipperData https://cnb.cx/2K2omG4 Increasing oil production in the U.S. has aided in "greasing the wheels" for the sell-off in the market, says Matt Smith of ClipperData. https://ift.tt/2PddWW7 November 13, 2018 at 01:19PM Energy https://cnb.cx/2KU3Ztw

'We need to trust the decision-making' of OPEC: Russian sovereign wealth fund

'We need to trust the decision-making' of OPEC: Russian sovereign wealth fund https://cnb.cx/2z7vz3q "I think we need to trust the decision-making of the joint body because they're not interested in artificially high oil prices," says the CEO of Russian Direct Investment Fund, Kirill Dmitriev. https://ift.tt/2PddWW7 November 13, 2018 at 07:36PM Energy https://cnb.cx/2KU3Ztw

Oil markets struggle to find footing after 7 percent slump, sentiment stays weak

Oil markets struggle to find footing after 7 percent slump, sentiment stays weak https://cnb.cx/2TbPVkg Oil prices remained fragile on Wednesday on the back of a 7 percent slump during the previous session. https://ift.tt/2PddWW7 November 13, 2018 at 04:30PM Energy https://cnb.cx/2KU3Ztw

Why oil prices went from four-year highs to bear market in just six weeks

Why oil prices went from four-year highs to bear market in just six weeks https://cnb.cx/2z37wTd The oil market is undergoing a stunning reversal as crude futures wipe out this year's gains after hitting their highest levels since 2014 just six weeks ago. https://ift.tt/2PddWW7 November 13, 2018 at 09:34AM Energy https://cnb.cx/2KU3Ztw

OPEC expects global energy demand to skyrocket through 2040, thanks to India and China

OPEC expects global energy demand to skyrocket through 2040, thanks to India and China https://cnb.cx/2FhBQig Global energy demand is set to skyrocket over the next two decades, OPEC said in its latest annual outlook, with India and China the most important contributors to this growth. https://ift.tt/2PddWW7 November 13, 2018 at 03:54AM Energy https://cnb.cx/2KU3Ztw

OPEC is getting snookered by Trump, says Black Gold Investors' Ross

OPEC is getting snookered by Trump, says Black Gold Investors' Ross https://cnb.cx/2FkOWLX Gary Ross of Black Gold Investors joins 'Squawk Box' to discuss where oil prices are heading. https://ift.tt/2PddWW7 November 13, 2018 at 02:33AM Energy https://cnb.cx/2KU3Ztw

Tidal 'kite' technology to be installed in Faroe Islands

Tidal 'kite' technology to be installed in Faroe Islands https://cnb.cx/2T3mGjL A site for the installation of the technology has been identified waters off the Faroe Islands.  https://ift.tt/2PddWW7 November 13, 2018 at 02:22AM Energy https://cnb.cx/2KU3Ztw

US shale needs to add another 'Russia' to prevent global oil shortage, IEA warns

US shale needs to add another 'Russia' to prevent global oil shortage, IEA warns https://cnb.cx/2Ta5Qzx Fatih Birol, the IEA executive director, has told CNBC it would be a "miracle" for shale to fill the gap. https://ift.tt/2PddWW7 November 13, 2018 at 01:44AM Energy https://cnb.cx/2KU3Ztw

OPEC knocks down oil demand forecast for the 4th consecutive month

OPEC knocks down oil demand forecast for the 4th consecutive month https://cnb.cx/2TcY9sH OPEC continued to lower its forecast for oil demand in its latest monthly report, issuing its fourth consecutive downward revision to consumption growth for 2019. https://ift.tt/2PddWW7 November 13, 2018 at 01:20AM Energy https://cnb.cx/2KU3Ztw

'Data is the new oil': UAE says energy executives should embrace A.I. to improve profits

'Data is the new oil': UAE says energy executives should embrace A.I. to improve profits https://cnb.cx/2T5O80a Big Oil should do all it can to embrace fast-improving Artificial Intelligence (AI) in the energy industry, according to the United Arab Emirates' (UAE) first minister dedicated to fostering the technology. https://ift.tt/2PddWW7 November 13, 2018 at 01:06AM Energy https://cnb.cx/2KU3Ztw