#OPEC News

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Crude Awakening: 3 Energy Plays Set to Strike Liquid Gold for Investors

investorplace.com Explore three energy stocks poised to profit from rising oil prices Oil prices have surged approximately 15% this year, hovering near $90 a barrel with expectations of…

The US economy may be barrelling towards stagflation, an outcome worse than recession

aol.com None The first-quarter GDP report surprised investors with disappointing growth, while consumer prices kept rising. • None The provides the backdrop for stagflation, which…

Middle East escalation could trigger energy shock that fuels inflation, World Bank warns

cnbc.com A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products…

Largest Oil ETF Hit With Record Outflow On Subsiding Geopolitical Risk Premium

zerohedge.com Largest Oil ETF Hit With Record Outflow On Subsiding Geopolitical Risk Premium A reduced geopolitical risk premium for Brent crude this week is likely one of the main…

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…

Is a Commodities Super Cycle on the Way?

benzinga.com Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to say about the current state of commodities. McAlinden Research…

Oil Drops on Easing Middle East Fears, Economic Concerns

barrons.com Oil prices fell more than 1% as fears of a broader conflict in the Middle East fade and the prospect of higher-for-longer interest rates weighs on sentiment. Brent crude was…

Oil prices retreat as US crude build, rate cut concerns come to the fore

investing.com Oil prices fell at Asia's open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in…

ExxonMobil and Chevron Stock Have 22%-30% Upside, According to 1 Wall Street Analyst

finance.yahoo.com An analyst at Piper Sandler recently raised price targets for both ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) and maintained an "overweight" rating on them. The new…

Think Crude Oil Is Going to $100 a Barrel? Then You'll Love These 3 Dividend Stocks

finance.yahoo.com After a huge run-up in oil and gas prices following early pandemic lows in 2020, the market started to cool off in late 2022 and throughout 2023. 2023 ended up being a great…

Why the oil market shrugged as Iran and Israel appeared on the brink of war this week

cnbc.com If investors only looked at the price of oil at the end of this week, they wouldn't have known that Israel and Iran, OPEC's third-largest crude producer, briefly stood on…

3 High-Yielding Dividend Stocks That Are Trading at Dirt-Cheap Valuations

finance.yahoo.com What's better than a high-yielding dividend stock? A high-yielding dividend stock that's trading at a dirt-cheap price. As long as the underlying business is in strong…

Soaring Russian Oil Imports Drag OPEC's Market Share In India To Record Low

zerohedge.com Soaring Russian Oil Imports Drag OPEC's Market Share In India To Record Low Authored by Tsvetana Paraskova via OilPrice.com, Russia was India’s single largest oil supplier…

Escalating Middle East tensions a fresh jolt to world markets

finance.yahoo.com Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper conflict has jolted world markets with geopolitical risks that can swiftly…

Oil slides as Israel, Iran downplay attacks, but markets remain on edge

thestreet.com Global oil prices whipsawed Friday as investors weighed the impact of a reported Israeli missile strike on Iran that could escalate tensions in the region while adding…

Oil prices slip after spiking earlier on reported Israeli attack on Iran

theglobeandmail.com Oil slipped on Friday after prices spiked earlier on reports that Israel had attacked Iran as market fears of a major escalation to hostilities in the Mideast appeared to…

Oil surges as reports of Israeli strike on Iran roil markets

investing.com Oil prices jumped on Friday as reports that Israel had attacked Iran roiled markets and sparked concerns that Middle East oil supply could be disrupted. The benchmark…

Morning Bid: Mideast flare-up spooks markets

finance.yahoo.com A look at the day ahead in European and global markets from Tom Westbrook: Escalation in the Middle East has rounded out a rough week for financial markets. Barring a…

“Old” but Mighty: Here’s Why You Don’t Want to Overlook Oil

investorplace.com I want to examine the often overshadowed – but far from dormant – oil and gas sector. If you’re familiar with the 1960s sitcom , then you’ll remember its kitschy theme song…

Standard Chartered Says Peak Oil Demand Is Not Imminent

nakedcapitalism.com Yves here. As global conflicts seem way too likely to blow big, and US politics look, as Lambert would say, overly dynamic, the global warming train is not slowing down.…

Is It Time To Buy XOM Stock As Shares Come Off A High And Earnings Loom?

investors.com has retreated after reaching a buy point and a new high. Can XOM stock reclaim the throne of the energy industry? Or has the stock peaked? Exxon stock fell to a 52-week low…

U.S. reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

pbs.org The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro’s attempts to consolidate his rule just six months…

Global Oil Demand Surges in February, Hits Five-Year Seasonal High

tftc.io Global oil demand experienced a significant upswing in February 2024, increasing by 1.2 million barrels per day (bpd) from the previous month and reaching a five-year…

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

seattletimes.com The Biden administration has reimposed crushing oil sanctions on Venezuela in a rebuke to President Nicolas Maduro’s attempts to consolidate his rule just six months after…

If This Happens in China, Oil Could Soar

247wallst.com There is an actual shooting war in the Middle East right now, but the lack of a retaliation on Iran by Israel has kept oil somewhat rangebound. Lee Jackson and Doug McIntyre…

3 Energy Stocks to Buy Now: Q2 Edition

investorplace.com Find out which energy stocks are set to surge The global energy industry presents incredibly wide opportunities. Companies in this sector often work in producing and…

Nigeria’s government is targeting a 60% jump in revenues

semafor.com The News Nigeria’s government is targeting a 60% increase in revenues this year in order to keep debt at sustainable levels and relieve widespread hardship, the country’s…

Even without war in the Gulf, pricier petrol is here to stay

economist.com When Iran’s missiles whizzed towards Israel on Sunday April 14th, oil markets were closed. When they opened 24 hours later, their reaction was a loud “meh”. Brent crude, the…

Russia’s $13.4bn current account surplus in March second highest since 2007

intellinews.com Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007. “Russia's March 2024…

Rising oil prices may affect timing of Bank of Canada rate cuts, economists say

financialpost.com Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little concerned” as it figures out the right time…

Don’t Miss Out: 7 Hot Energy Stocks You Need to Own Now

investorplace.com Investors should take a look at these hot energy stocks as crude prices grow Energy stocks are again in fashion with investors. During the month of March, the energy sector…

Oil prices slip as concern eases about Middle East supply risk

theglobeandmail.com Oil edged lower on Tuesday as easing concern about supply risks and a rapidly escalating conflict after Iran’s weekend attack on Israel offset data showing China’s economy…

Oil prices rise on China growth, Middle East tensions

investing.com Oil prices rose on Tuesday after data showed China's economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel…

The Massive Taxes Coming Your Way In 2nd Biden Term

foxnews.com Donald Trump has outlined his plans for federal taxation should he be elected. "I will make the Trump tax cuts permanent. You know they expire in a year. And we will cut…

IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption

aol.com None The IEA downgraded its global oil-demand forecast to 1.2 million barrels a day through the rest of the year. • None The group cited weak OECD deliveries, the end of the…

3 Oil & Gas Penny Stocks That Can Double in 3 Quarters

investorplace.com Oil companies with strong fundamentals and robust cash flow outlook for the coming quarters Brent oil price has touched $90, which has caused escalating geopolitical…

Oil prices could breach $100 on much more dangerous Middle East, analysts warn

financialpost.com After reaching its highest price since October, oil could rise even further and possibly breach the US$100 mark this year if tensions in the Middle East continue to…

What next for oil prices after Iran’s attack on Israel?

theguardian.com Investors are on high alert as they await Israel’s response to Iran’s attack. However, oil prices dropped on Monday even as Israel’s war cabinet met to discuss its response.…

Canada’s Trans Mountain Project Seen Spelling Trouble for OPEC Member Iraq

finance.yahoo.com Canada’s newest oil pipeline may spell trouble for a Middle Eastern country almost 7,000 miles away: Iraq. • None Israel Versus Iran — What All-Out War Could Look Like •…

How the Israel-Iran conflict could send oil prices higher

aol.com Iran’s unprecedented attack on Israel over the weekend has ratcheted up tensions in the oil-rich Middle East yet again, threatening to send fuel prices skyward if the…

Oil prices slip as risk premium eases after Iran attack

theglobeandmail.com Oil prices slipped by about 1 per cent on Monday, with the market downplaying the risk of broader regional conflagration after Iran’s weekend attack on Israel. Brent futures…

Oil prices could see 'super spike well above $100' if conflict escalates after Iran's attack on Israel

cnbc.com Oil prices could soar to $100 per barrel and beyond, said market watchers, after Iran mounted an aerial attack against Israel reigniting fears of a regional war. Iran is…

Oil prices mixed with Iran-Israel escalation in focus By

investing.com Investing.com-- Oil prices were a mixed bag in Asian trade on Monday after an Iranian strike against Israel over the weekend pointed to worsening geopolitical conditions in…

Oil prices lower after Iran attack on Israel

bbc.co.uk "Clearly, the oil market does not see the need to factor in any additional supply threat at this point," energy analyst Vandana Hari said. Brent crude may well fall below…

If You Like This High-Yield Vanguard Fund, Then You'll Love These Two Dividend Stocks

finance.yahoo.com Whether you are an experienced investor or just getting started, exchange-traded funds (ETFs) can be a great addition to your portfolio for their diversification and…

Gulf markets dip in sign of investor concern after Iran attacks Israel

investing.com Gulf markets were down slightly on Sunday, providing an early indication of investor reaction to Iran's unprecedented attack on Israeli territory. Saudi Arabia's benchmark…

Markets brace for oil to hit $100 as Saudi slashes production

finance.yahoo.com Oil prices are poised to hit $100 a barrel by May, analysts have warned, as Saudi Arabia extends supply cuts. Rising geopolitical tensions and an extension to the Opec…

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…

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