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The Latest Breaking News from OPEC

Crude Slightly Lower on Dollar Strength and Ample US Oil Supplies

July WTI crude oil (CLN24 ) today is down -0.17 (-0.22%), and July RBOB gasoline (RBN24 ) is up +0.79 (+0.33%). Crude oil and gasoline prices today are mixed. A stronger dollar today is undercutting energy prices. Crude prices are also weighed down by negative carryover from Wednesday after weekly...

We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy watchdog IEA warns

We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy watchdog IEA warns

Supply will outstrip demand, and the spare capacity will be unlike ever "seen before other than at the height of the Covid-19 lockdowns in 2020,” IEA said.

Fill ‘er up! Oil countries predict an oversupply of gasoline by 2030 – driving down prices at US pumps

Fill ‘er up! Oil countries predict an oversupply of gasoline by 2030 – driving down prices at US pumps

It comes as gas prices begin to decline once again across the US, bringing relief to drivers paying a little less to fill up their tanks

The Independent UK

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Crude Settles Higher on Dollar Weakness and Strength in Stocks

July WTI crude oil (CLN24 ) on Wednesday closed up +0.60 (+0.77%), and July RBOB gasoline (RBN24 ) closed down -1.45 (-0.39%). Crude oil and gasoline prices settled mixed on Wednesday. Crude and gasoline Wednesday initially rose to 1-1/2 week highs on economic optimism after the S&P 500 rallied to...

Crude Supported by a Weak Dollar and Strength in Stocks

July WTI crude oil (CLN24 ) today is up +0.20 (+0.26%), and July RBOB gasoline (RBN24 ) is down -0.94 (-0.39%). Crude oil and gasoline prices today are mixed. Crude and gasoline today initially rose to 1-1/2 week highs on economic optimism after the S&P 500 rallied to a new...

World Will Amass 'Major' Oil Surplus By 2030: IEA

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

International Business Times

Crude Closes Slightly Higher as Global Supplies Expected to Remain Tight

July WTI crude oil (CLN24 ) on Tuesday closed up +0.16 (+0.21%), and July RBOB gasoline (RBN24 ) closed down -0.20 (-0.08%). Crude oil and gasoline prices settled mixed on Tuesday. Crude recovered from early losses Tuesday and rose to a 1-week high on concerns global oil supplies will remain...

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Crude Prices Weaken on Dollar Strength

Crude Prices Weaken on Dollar Strength

July WTI crude oil (CLN24 ) today is down -0.08 (-0.10%), and July RBOB gasoline (RBN24 ) is down -0.41 (-0.17%). Crude oil and gasoline prices today are slightly lower. Today's rally in the dollar index to a 4-week high is undercutting energy prices. Also, an increase in Russian crude...

Asian Markets Mostly Down Ahead Of Fed, US Inflation Data

Asian Markets Mostly Down Ahead Of Fed, US Inflation Data

After an upbeat run last week driven by signs of an easing in the labour market and economy, Friday's forecast-busting non-farm jobs report provided a dose of reality that interest rates might be kept elevated for some time.

Asian Markets Mixed Ahead Of Key Fed Announcement

Asian Markets Mixed Ahead Of Key Fed Announcement

Asian markets were mixed Tuesday as traders shifted nervously while awaiting the Federal Reserve's policy decision and the release of US inflation data, while the euro struggled to recover from a sell-off fuelled by political uncertainty in Europe.

International Business Times

Signs of Stronger Fuel Demand Boosts Crude Prices

Signs of Stronger Fuel Demand Boosts Crude Prices

July WTI crude oil (CLN24 ) on Monday closed up +2.21 (+2.93%), and July RBOB gasoline (RBN24 ) closed up +2.83 (+1.19%). Crude oil and gasoline prices rallied to 1-week highs Monday and closed moderately higher. Crude oil prices found support Monday from news of increased global air travel and...

Crude Rallies on Energy Demand Optimism

Crude Rallies on Energy Demand Optimism

July WTI crude oil (CLN24 ) today is up +1.31 (+1.73%), and July RBOB gasoline (RBN24 ) is up +1.41 (+0.59%). Crude oil and gasoline prices today are moderately higher, with crude posting a 1-week high. Crude oil prices are seeing support from news of increased global air travel and...

Crude Prices Slip as the Dollar Strengthens

Crude Prices Slip as the Dollar Strengthens

July WTI crude oil (CLN24 ) Friday closed down -0.02 (-0.03%), and July RBOB gasoline (RBN24 ) closed down -1.49 (-0.62%). Crude oil and gasoline prices posted modest losses on Friday. Friday's rally in the dollar index (DXY00 ) to a 1-week high undercut energy prices. Losses in crude were...

Crude Slightly Higher as Strong US May Payroll Report Supports Energy Demand

Crude Slightly Higher as Strong US May Payroll Report Supports Energy Demand

July WTI crude oil (CLN24 ) today is up +0.20 (+0.26%), and July RBOB gasoline (RBN24 ) is down -1.15 (-0.48%). Crude oil and gasoline prices today are mixed. Crude found support on today's stronger-than-expected US May payroll report, which is positive for economic growth and energy demand. Crude prices...

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3 Energy Dividend Stocks to Buy While They're Cheap

With oil prices pulling back on recent OPEC news, here are three dividend-paying energy stocks to scoop up while they're affordable.

Crude Settles Higher as Saudi Arabia Warns OPEC+ Production Increases Can Be Reversed

July WTI crude oil (CLN24 ) Thursday closed up +1.48 (+2.00%), and July RBOB gasoline (RBN24 ) closed up +4.39 (+1.87%). Crude oil and gasoline prices posted moderate gains on Thursday. Crude rose Thursday based on comments from Saudi Arabia Energy Minister Prince Abdulaziz bin Salman, who said OPEC+ could...

Crude Prices Climb as Saudi Arabia Warns OPEC+ Production Changes Can Be Reversed

July WTI crude oil (CLN24 ) today is up +1.17 (+1.58%), and July RBOB gasoline (RBN24 ) is up +2.71 (+1.15%). Crude oil and gasoline prices today are moderately higher. Crude is moving higher today based on comments from Saudi Arabia Energy Minister Prince Abdulaziz bin Salman, who said OPEC+...

3 Emerging Energy Stocks With Untapped Potential for June

The energy sector is growing significantly due to rising oil prices, high global demand, limited supplies, geopolitical tensions, technological progress, and expected easing of monetary policies this year. Therefore, it may be wise to consider buying fundamentally strong energy stocks Newpark Resources (NR), Unit (UNTC), and MV Oil (MVO), which…

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Crude Prices Rebound as Oversold Conditions Spark Some Short Covering

July WTI crude oil (CLN24 ) Wednesday closed up +0.82 (+1.12%), and July RBOB gasoline (RBN24 ) closed up +0.41 (+0.17%). Crude oil and gasoline prices on Wednesday recovered from early losses and finished moderately higher. Technical short-covering emerged in crude futures Wednesday after prices fell for five consecutive sessions...

Crude Prices Pressured by Build in Weekly EIA Inventories

July WTI crude oil (CLN24 ) today is down -0.16 (-0.22%), and July RBOB gasoline (RBN24 ) is down -1.42 (-0.60%). Crude oil and gasoline prices today are mildly lower, with crude holding above Tuesday's 4-month low. A stronger dollar today is weighing on energy prices. Crude is also under...

Crude Prices Settle Lower on Ample Supplies and Energy Demand Concerns

July WTI crude oil (CLN24 ) Tuesday closed down -0.97 (-1.31%), and July RBOB gasoline (RBN24 ) closed up +1.39 (+0.60%). Crude oil and gasoline prices on Tuesday settled mixed, with crude falling to a 3-3/4 month low. Crude is under pressure on negative carryover from Sunday when OPEC+ rolled...

Crude Prices Under Pressure on Ample Supplies and Energy Demand Concerns

July WTI crude oil (CLN24 ) today is down -0.95 (-1.28%), and July RBOB gasoline (RBN24 ) is up +0.54 (+0.23%). Crude oil and gasoline prices today are mixed, with crude falling to a 3-3/4 month low. A stronger dollar today is weighing on energy prices. Crude is also under...

OPEC Plus Extends Oil Production Cuts Through 2025

OPEC extends oil production cuts, impacting global prices and U.S. consumers. Biden taps Strategic Petroleum Reserve amid concerns. U.S. oil production sta...

The Guardian - UK

BA to hire 350 staff at Heathrow to avoid summer chaos – as it happened

Airline expects this summer to be its busiest since the pandemic and will hire people in customer services and ground handling

International Business Times

Asian Markets In Reverse As US Data Spark Economy Worries

Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year.

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