#OPEC News

FEED

3 Overlooked Stocks That Can Easily Double in 2024

investorplace.com Now's the time to look at these overlooked stocks set to double this year Looking beyond the headline-creating stocks, it’s important to consider companies that fly under…

Oil surges to highest level since October on escalating Middle East tensions

finance.yahoo.com Oil surged as much as 3% on Friday to its highest level since October on reports that Israel is preparing for an imminent attack on government targets from Iran as soon as…

3 Energy Stocks Poised for Profits in April

entrepreneur.com The energy sector is expected to grow significantly due to geopolitical tensions, supply constraints, and rising global demand for natural gas and crude oil. Therefore,…

Soaring prices pose threat to consumers, and Biden

axios.com Data: Yahoo Finance; Chart: Axios Visuals Summer hasn't even started yet, but oil markets are already making things uncomfortably hot for the White House. Why it matters:…

Today's Logistics Report: Baltimore Port Director's Focus; Mexico's Trade Gains; Amazon's Cost Cuts

createsend.com Producer prices in the U.S. rose a less-than-expected 0.2% in March. (WSJ) Europe's central bank is holding interest rates at a record high while signaling it is moving…

IEA trims 2024 oil demand forecast on weakness in wealthier countries

theglobeandmail.com The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in…

Growth in oil use slows, IEA says, as prices hit $90 a barrel

ft.com Paris-based group trims forecasts, in sharp divergence with producers’ cartel Opec

Oil rebounds on Mideast tensions but set for weekly loss

investing.com Oil prices rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though prices are set for weekly…

Oil Resumes Gain as Israel Prepares for Potential Iran Attack

finance.yahoo.com Oil resumed gains as Israel braced for a potential strike by Iran or its proxies, and traders looked ahead to an International Energy Agency report on the supply and demand…

Crude Oil Futures Settle Lower as Geopolitical Jitters Ease

barrons.com Crude futures return gains from yesterday's spike on geopolitical risk perception as the market considers the impact of a stronger dollar and this week's big U.S. crude…

Inflation is creeping higher at the worst time

cnn.com Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. There’s rarely a good time for prices…

OPEC Slightly Increases Oil Production in March

tftc.io In a recent report, the Organization of the Petroleum Exporting Countries (OPEC) disclosed a marginal increase in crude oil production for March 2023. The cumulative output…

March CPI Numbers Challenge Inflation Narrative

tftc.io The US Consumer Price Index (CPI) for March 2024 exceeded expectations, continuing a pattern of fluctuating perceptions around inflation. While disinflation seemed to take…

OPEC sees robust summer oil demand, economic upside potential

theglobeandmail.com OPEC on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a…

Oil prices stay near six-month highs on Middle East tensions

theglobeandmail.com Oil prices were steady near six-month highs on Thursday after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli…

Unwinding Fed rate cuts, ECB decision, earnings season

investing.com Investing.com -- The hot March inflation report has resulted in an unwinding of rate cut expectations for June, and traders will look at the producer prices report for more…

Oil prices stay near six-month highs on Mideast tensions

investing.com Oil prices were steady near six-month highs on Thursday after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli…

Oil Holds Steady Despite U.S. Inventory Build, CPI Data

barrons.com Oil prices were broadly stable despite a larger-than-expected build in U.S. inventories and the latest inflation data weighing on large parts of the commodities complex.…

How It Started... How It's Going: Energy prices soar as Biden pursues green agenda

foxbusiness.com Energy prices have shot up by more than a third since President Biden assumed office in 2021 as stubborn inflation continues to tax Americans. The Labor Department's new…

Oil prices rise as Israeli strike overshadows ceasefire talks

investing.com Oil prices rose by more than $1 on Wednesday after three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip, which may complicate ceasefire talks.…

Oil will top out at $95 a barrel going into summer months, says BofA analyst

aol.com Oil prices have room to go higher and could peak short of $100 per barrel, according to one Wall Street analyst. "We think oil into the summer months will kind of top out at…

Looming $100 Oil and Soaring Inflation

tftc.io In an ominous forecast for the global economy, experts predict that oil prices may surge to $100 per barrel, spelling trouble for consumers as gasoline prices could surpass…

Oil prices break two-day losing streak after Israel threatens to strike Iran if attacked

cnbc.com Iranian people are standing in front of an anti-U.S. and anti-Israeli banner during a rally commemorating International Quds Day, also known as Jerusalem Day, and attending…

Oil prices rise as Middle East concerns offset U.S. crude stock build

theglobeandmail.com Oil prices rose on Wednesday after two days of losses as a deadlock in Gaza ceasefire talks renewed uncertainty about the security of supply from the Middle East and offset…

Why Oil Prices Have Been Rising Recently

nytimes.com The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inflation. Oil prices have…

Oil Broadly Steady Ahead of Key U.S. Inflation Data

barrons.com Oil prices were little changed on Wednesday as markets assess diplomatic efforts in the Middle East and wait for key U.S. inflation data for more cues on the interest-rate…

Is Saudi Aramco cooling on crude oil?

economist.com HAS SAUDI ARABIA stopped believing in a future for petroleum? In recent weeks the question has hung over Saudi Aramco. The desert kingdom’s national oil goliath has a…

How Does The Bitcoin Halving Affect Its Price?

dailycoinpost.com The foremost query on many minds regarding the halving revolves around its impact on Bitcoin’s price. What occurs to the price when the creation of new Bitcoins is halved?…

Morgan Stanley lifts its third quarter Brent crude oil forecast on rising geopolitical risks

theglobeandmail.com Morgan Stanley MS-N has raised its Brent crude oil price forecast for the third quarter of this year by $4 per barrel to $94, citing geopolitical risks. “That the degree of…

Oil prices turn higher as Middle East ceasefire hopes wane

theglobeandmail.com Oil prices edged higher on Tuesday, after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza, and on Mexico’s plan to remove more…

Devon Energy Stock Has 24% Upside, According to 1 Wall Street Analyst

finance.yahoo.com Devon Energy (NYSE: DVN) continues to find favor among the analyst community. Although analysts at Truist recently lowered their target price on the stock to $66 from $69,…

High oil prices are biggest threat to economy

thestreet.com Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Monday April 8. Full Video Transcript Below:…

Here's What Will Push Oil Above $100/Bbl

zerohedge.com Here's What Will Push Oil Above $100/Bbl Back in early December, just after Powell's dovish pivot shocked everyone, many closet oil bulls like BofA's energy strategist…

Oil price surge is the No. 1 threat to the US economy, Moody’s economist warns

cnn.com The US jobs market is on fire. Consumer spending is strong. And the economy is growing at a brisk pace. But there is a growing threat to that sunny economic backdrop:…

'Entirely real': Odds of $100 oil are rising as supply shocks convulse the market

financialpost.com When oil prices jumped above US$90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to…

Israel Pulls Troop Division From Gaza, Re-Enters Truce Talks, Cooling Geopolitical Pressure

zerohedge.com Israel Pulls Troop Division From Gaza, Re-Enters Truce Talks, Cooling Geopolitical Pressure Israel's military has confirmed that for the first time it is actually pulling…

Shadow of Trump hangs over future EU-US tech collaboration

theregister.com AI, 6G, semiconductor supply chains and critical minerals were all discussed at the latest EU-US Trade and Technology Council (TTC), amid concerns that a victory for…

3 Oil Stocks to Watch for Returns in April

entrepreneur.com The oil industry's prospects appear bright, owing to increasing oil demand, geopolitical tensions, and supply-cut expectations driving oil prices up. Against this backdrop,…

Supply shocks are threatening to push oil to $100 per barrel ahead of the U.S. summer driving season

fortune.com When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global…

Get ready for $5-a-gallon gasoline

thestreet.com Ah, summer time. The sun will be out. The days will be warm and long. For many of us, it'll be just the time to load up the kids into the family van and head off to Maine,…

The Odds of $100 Oil Are Rising as Supply Shocks Convulse the Market

finance.yahoo.com When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global…

Top 5 things to watch in markets in the week ahead

investing.com Investing.com -- U.S. inflation data will be in sharp focus in the coming week after Friday’s blowout jobs report raised the prospect that the Federal Reserve may delay…

The Economic History of the American Empire

theemissary.co Every time I used to play a strategy video game, my mind was firstly on money. Creating an income stream as well as buildings and units to magnify that income stream was the…

Analysts revamp ExxonMobil stock price targets after oil surges

thestreet.com Oil prices are notoriously volatile, with a myriad of factors pushing and pulling supply and demand. Those factors include economic growth and geopolitical conflict. U.S.…

The 3 Most Undervalued Penny Stocks to Buy in April 2024

investorplace.com These companies are poised for stellar growth in the coming quarters backed by industry tailwinds In my view, it’s the best time to grab undervalued penny stocks for…

Analyst revamps Occidental Petroleum stock price target after oil rally

thestreet.com J. Paul Getty had a simple formula for success: rise early, work hard, strike oil. The famed industrialist was speaking in another era, of course, but his words are…

Stock Market Today: S&P 500 jumps, but ends week in red as June Fed rate cut fades By

investing.com Investing.com-- The S&P 500 snapped a two-week wining streak despite a strong rally Friday as a stronger-than-expected jobs report didn't stoke a jump in wages, adding to…

The 3 Most Undervalued Under-$50 Stocks to Buy in April 2024

investorplace.com The U.S.-listed stock rally that began 2024 may be coming to an end so look for undervalued plays instead The rally that catapulted U.S. equities to newer and higher…

What’s REALLY Going On In The Oil Wars

tftc.io Key Takeaways The podcast episode delves into the intricacies of global oil and gas dynamics, focusing on the strategic decisions and political maneuvers that shape the…

This Year’s Top Performing Sector Isn’t What You Think It Is

finance.yahoo.com Without researching it, do you know which stock market sector is performing best this year? If you guessed technology or communication services, given the surge in Nvidia…

Oil heads for second weekly gain on tighter supply outlook

theglobeandmail.com Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions in the Middle East, concerns over tightening supply and…

US stock futures higher, rebounding ahead of key nonfarm payrolls data

investing.com Investing.com-- U.S. stock index futures rose Friday, rebounding after the previous session's selloff, with focus turning squarely towards upcoming nonfarm payrolls data for…

The Entire Business World on a Single Page. Free to Use →