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The Latest Breaking News from OPEC

Energy Bills in the UK is set to Decrease by a Significant Amount in 2024

The energy price cap in Great Britain is set to decrease by 14 per cent, anticipated to bring down annual bills by an average of £268.

International Business Times UK · Dec 27, 2023

Crude Prices End Lower on Technical Selling and Energy Demand Concerns

February WTI crude oil (CLG24 ) on Wednesday closed down -1.46 (-1.93%) on Tuesday, and Feb RBOB gasoline (RBG24 ) closed down -1.05 (-0.48%). Crude oil and gasoline prices on Wednesday settled moderately lower. Crude prices were under pressure Wednesday from technical selling as funds closed out their crude positions...

Barchart · Dec 27, 2023

3 Energy Stock Buys for 2024 Gains

With forecasts suggesting a surge in oil prices in 2024, the energy sector’s prospects appear to be promising. Thus, three fundamentally sound energy stocks, Equinor ASA (EQNR), Par Pacific Holdings (PARR), and Newpark Resources (NR), might be ideal buys. Read on….

StockNews.com · Dec 27, 2023

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Crude Oil Falls on Technical Selling and Energy Demand Concerns

February WTI crude oil (CLG24 ) this morning is down -1.07 (-1.42%) on Tuesday, and Feb RBOB gasoline (RBG24 ) is up +1.62 (+0.75%). Crude oil and gasoline prices this morning are mixed. Crude prices are under pressure today from technical selling as funds close out their crude positions ahead...

Barchart · Dec 27, 2023

3 Buy or Hold Energy Stock Options for Momentum

With sustained demand for oil and natural gas globally and numerous technological advancements in exploration and production activities, the energy sector’s outlook appears robust. Amid this, let’s analyze if you should buy or hold energy stocks Halliburton (HAL), Pembina Pipeline (PBA), and NGL Energy (NGL) for momentum. Read more to…

StockNews.com · Dec 27, 2023

Crude Oil Settles Sharply Higher on Heightened Geopolitical Risks

February WTI crude oil (CLG24 ) closed up +2.01 (+2.73%) on Tuesday, and Feb RBOB gasoline (RBG24 ) closed up +3.09 (+1.44%). Crude oil and gasoline prices on Tuesday closed moderately higher, with crude posting a 3-week high. A weaker dollar Tuesday was supportive of energy prices. Heightened geopolitical risks...

Barchart · Dec 26, 2023

Crude Oil Rallies on Heightened Geopolitical Risks

February WTI crude oil (CLG24 ) this morning is up +2.34 (+3.18%), and Feb RBOB gasoline (RBG24 ) is up +4.31 (+2.01%). Crude oil and gasoline prices this morning are sharply higher, with crude posting a 3-week high. A weaker dollar today is supportive of energy prices. Heightened geopolitical risks...

Barchart · Dec 26, 2023

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Get Year-End Triumph With 3 Energy Stocks

The energy sector is expected to witness considerable long-term growth and expansion, thanks to robust demand for oil and gas globally and the rapid adoption of digital technology. Given this backdrop, fundamentally sound energy stocks Liberty Energy (LBRT), Delek (DK), and Dorchester Minerals (DMLP) could be solid buys now. Read…

StockNews.com · Dec 26, 2023

India's energy odyssey: Navigating global oil challenges and forging a sustainable future

India, a burgeoning player in the global energy arena, finds itself at a critical juncture in the intricate tapestry of the world's oil dynamics. Read further on Dynamite News:

Dynamite News · Dec 26, 2023

Crude Oil Closes Lower as Focus Remains on OPEC and Red Sea Attacks

February WTI crude oil (CLG24 ) closed down -0.33 (-0.45%), and Feb RBOB gasoline (RBG24 ) closed down -2.84 (-1.32%). Crude oil prices saw continued downward pressure from Wednesday's bearish EIA report and Thursday's news that Angola dropped out of the OPEC cartel. However, crude oil prices saw support this...

Barchart · Dec 22, 2023

Crude Little Changed as Focus Remains on OPEC and Red Sea Attacks

February WTI crude oil (CLG24 ) is down -0.08 (-0.1%), and Feb RBOB gasoline (RBG24 ) is down -0.0080 (-0.37%). Crude oil and gasoline prices today are seeing continued downward pressure from Wednesday's bearish EIA report and Thursday's news that Angola dropped out of the OPEC cartel. Crude oil is...

Barchart · Dec 22, 2023

Angola Drops OPEC, Welcomes Chinese Investment Bonanza!

Angola's decision to exit OPEC paves the way for increased Chinese investment in the country's oil industry, signaling a shift in global power dynamics and...

Crude Posts Moderate Losses on OPEC Rift and Weak U.S. Economic News

February WTI crude oil (CLG24 ) on Thursday closed down -0.33 (-0.44%), and Feb RBOB gasoline (RBG24 ) closed down -4.05 (-1.83%). Crude oil and gasoline prices on Thursday closed moderately lower. Crude prices were weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase in...

Barchart · Dec 21, 2023

Angola to leave OPEC over disagreement on oil production quotas

Oil minister says country ‘gains nothing’ from remaining in the group after disagreements emerge over production cuts.

Al Jazeera · Dec 21, 2023

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Barchart · Dec 21, 2023

Crude Edges Lower on OPEC Rift and Weak U.S. Economic News

February WTI crude oil (CLG24 ) this morning is down -0.66 (-0.89%), and Feb RBOB gasoline (RBG24 ) is down -4.33 (-1.96%). Crude oil and gasoline prices this morning are moderately lower. Crude prices today are weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase...

International Business Times · Dec 21, 2023

Angola Departure A Blow For OPEC+ As Cartel Tensions Rise

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

The Independent UK · Dec 21, 2023

Angola is leaving OPEC oil cartel after 16 years after dispute over production cuts

Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year

Angola's Shocking Departure: Bidding Farewell to OPEC

Angola takes an audacious step towards energy independence as it announces its departure from OPEC, signaling a bold new era for the African nation.

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news in one place.

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International Business Times · Dec 21, 2023

Angola To Quit OPEC Over Oil Production Quotas Disagreement

Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year.

Barchart · Dec 20, 2023

Crude Closes Mildly Higher as Red Sea Worries Overshadow a Bearish EIA Report

February WTI crude oil (CLG24 ) on Wednesday closed up +0.28 (+0.38%), and Feb RBOB gasoline (RBG24 ) closed up +0.06 (+0.03%). Crude oil and gasoline prices on Wednesday posted modest gains, with crude climbing to a 2-1/2 week high. Concerns about disruptions to Middle East crude supplies are boosting...

Barchart · Dec 20, 2023

Crude Rises as Red Sea Worries Overshadow a Bearish EIA Report

February WTI crude oil (CLG24 ) this morning is up +0.78 (+1.05%), and Feb RBOB gasoline (RBG24 ) is down -0.22 (-0.10%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 2-1/2 week high. Concerns over disruptions to Middle East crude supplies are boosting oil...

International Business Times · Dec 20, 2023

Waning Influence Of OPEC+ In Spotlight As Prices Flag

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.

Barchart · Dec 19, 2023

Crude Closes Higher due to Oil Tanker Risks in the Red Sea

January WTI crude oil (CLF24 ) on Tuesday closed up +0.97 (+1.34%), and Jan RBOB gasoline (RBF24 ) closed up +4.18 (+1.94%). Crude oil and gasoline prices on Tuesday settled moderately higher but remained below Monday's 2-week highs. A weaker dollar on Tuesday was bullish for energy prices. Also, geopolitical...

Barchart · Dec 19, 2023

Crude Prices Supported by Oil Tanker Risks in Red Sea

January WTI crude oil (CLF24 ) this morning is up +1.36 (+1.88%), and Jan RBOB gasoline (RBF24 ) is up +3.14 (+1.46%). Crude oil and gasoline prices this morning are moderately higher but remain below Monday's 2-week highs. A weaker dollar today is bullish for energy prices. Also, geopolitical risks...

Barchart · Dec 18, 2023

Crude Settles Higher as Attacks on Ships in the Red Sea Disrupt Crude Supplies

January WTI crude oil (CLF24 ) on Monday closed up +1.04 (+1.46%), and Jan RBOB gasoline (RBF24 ) closed up +2.20 (+1.03%). Crude oil and gasoline prices Monday climbed to 2-week highs and closed moderately higher. The main bullish factor for crude oil Monday is geopolitical risks after several major...

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