It's been a volatile week in oil markets as promising supply signals have been countered by weak demand in China.
Oil prices navigated a turbulent terrain this week, caught between bullish supply signals and bearish demand concerns. From the fallout of the U.S. presidential election to shifting
Delays Planned Production Increase and other oil-producing allies like Russia, decided to extend production cuts of 2.2 million barrels per day bpd into December due to ongoing demand concerns and non-
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Oil Traders Uncertain as OPEC Weighs December SurpriseUncertainty surrounds OPEC production plans for December, with traders divided and the group facing challenges like lower demand forecasts and China's import slowdown.
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Oil Markets Fail to Respond to Geopolitical EscalationsThe U.S. expanded sanctions on Iran's petroleum sector in response to Iran's attacks on Israel, targeting Iran's oil trade and those involved in facilitating it.
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Oil Markets on Edge Ahead of Tight U.S. Presidential ElectionThere is likely to be very little else in the news over the next 24 hours than the U.S. presidential election, with both candidates neck and neck.
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Iran's Oil Supply to China Most Expensive in Five Years As Loadings FallThe discount of Iran Light crude to ICE Brent has now narrowed to below $4 per barrel, from $5-$6 a barrel earlier this year,
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Bearish Factors Build in Oil Markets Despite Middle East TensionsWhile Middle East tensions have supported prices, weak demand from China continues to weigh heavily on the market at a time that the EIA is reporting higher U.S. crude production
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Oil Market News Oil Prices Jump as OPEC Delays Output HikeOil prices jumped in early trading on Monday as OPEC delayed its planned production hikes yet again.
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