OPEC+ Has Begun Talks on Output Cut - Source Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. Asharq Al-Awsat · Sep 30, 2022
3 Energy Stocks to Buy Right Now if You’re a Long-Term Investor Russia is likely to propose a significant reduction in output at the next OPEC meeting. Amid the supply crunch, JPMorgan expects Brent to head toward $100 a barrel in the coming months. Hence, fundamentally strong energy stocks Valero Energy Corporation (VLO), Marathon Oil Corporation (MRO), and APA Corporation (APA) might… StockNews.com · Sep 28, 2022
Crude oil prices fall amid recession concerns PTT reveals Q3 oil analysis Bangkok Post · Sep 22, 2022
The Best Momentum Stock to Buy Before September Ends Shares of crude oil exploration company Marathon Oil (MRO) have garnered significant investor attention and gained more than 124% over the past year. In addition, the company’s solid financials and profitability make it well-positioned to deliver handsome gains in the near term. Therefore, it could be wise to invest in… StockNews.com · Sep 21, 2022
Cornish finance chief - What will Liz Truss do for us? Peter McGahan, chief executive of Truro-based independent financial adviser Worldwide Financial Planning asses the potential costs of Prime Minister Liz Truss' policies Birmingham Post · Sep 16, 2022
U.S. does not have infinite patience on renewal of Venezuela talks - official A U.S. State Department official put pressure on Venezuela leader Nicolas Maduro in a congressional hearing on Thursday, threatening more sanctions if talks with the opposition on resolving the country's long-running political and economic crisis are not renewed. Reuters · Sep 15, 2022
4 Energy Stocks You Can Still Buy for Under $20 in 2022 The G7 imposing price cap on Russian oil could raise energy prices in winter. Moreover, the Biden administration is considering refilling its strategic reserves to support prices. And considering OPEC’s upbeat demand outlook, the energy stocks Cenovus Energy (CVE), Birchcliff Energy (BIREF), Amplify Energy (AMPY), and MV Oil (MVO) which… StockNews.com · Sep 14, 2022
‘Good deal’: Petrol prices plunge to eight-month low before fuel tax sting Australian petrol prices have plunged to an eight-month low over the past week, delivering much needed cost of living relief to motorists. The New Daily · Sep 12, 2022
Saudi Energy Minister: OPEC+ Does Not Target Specific Price Range Saudi Energy Minister Prince Abdulaziz bin Salman stressed that OPEC+ did not target specific prices or price ranges, but rather sought to support market stability and balance supply and demand for the benefit of the petroleum industry. Prince Abdulaziz, who chairs the ministerial committee in the OPEC+ alliance, told an… Asharq Al-Awsat · Sep 8, 2022
Big oil and Opec are holding the world to ransom – it’s time to rein them in The UN’s call for windfall taxes must be taken up by governments to help break the power of greedy cartels The Guardian - UK · Sep 8, 2022
Kuwait’s Long-Time Parliament Speaker Bows Out of Sept. Elections Kuwait's parliament speaker Marzouq al-Ghanim said he would not run in legislative polls this month, a day before the deadline for submission ends. Kuwait will hold early elections on Sept. 29 after the crown prince appointed a new prime minister and dissolved parliament in a bid to resolve the feud… Asharq Al-Awsat · Sep 7, 2022
3 Energy Stocks That Make Great Buys Even When the Market Swings The energy sector is facing volatility due to oil price swings amid geopolitical issues. However, oil prices might rise due to potential OPEC output cuts. Hence, investing in energy stocks TotalEnergies (TTE), Valero Energy (VLO), and APA Corporation (APA) might be wise. Read more…. StockNews.com · Sep 6, 2022
Top Financial Stories Tuesday, September 6: Focus on iPhone 14 Event, OPEC+ Plans Mild Production Cut, Netflix Says No To Crypto Ads And More… Reuters EQT Corp Close To Buying THQ Appalachia Benzinga · Sep 6, 2022
FTSE 100 Live: Retail stocks bounce on energy bill hopes, pound steady Speculation that incoming prime minister Liz Truss is planning a freeze to energy bills lifted retailers and stocks with exposure to the UK economy today. Evening Standard · Sep 6, 2022
Asharq Al-Awsat · Sep 6, 2022 Oil Prices Ease on OPEC+ Output Cut Oil prices inched lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to bolster prices after the market's recent slide. Brent crude futures had fallen 81 cents, or 0.9%,…
ABC News · Sep 5, 2022 Australian shares drop as the Reserve Bank hikes rates again It started off optimistically, but the ASX 200 lost ground on Tuesday as the market was hit by another rate hike.
The Independent UK · Sep 5, 2022 OPEC+ faces what to do about lower oil prices; drivers cheer Oil prices are sagging amid fears of recessions across the globe
The Guardian - UK · Sep 5, 2022 Gas prices soar and pound and euro fall as Russia shuts Nord Stream pipeline European countries scramble to store as much gas as possible before winter as they brace for shortages
Asharq Al-Awsat · Sep 5, 2022 Oil Prices Climb over $2/bbl Ahead of OPEC+ Meeting Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures had risen $2.42, or 2.6%, to $95.44 a barrel by 0641 GMT after gaining…
The Guardian - UK · Sep 5, 2022 Opec and allies to cut oil output in October; gas prices jump after Russia pipeline closure – as it happened Oil cartel agrees 100,000 barrels/day cut to production; wholesale gas prices jump after Russia keeps a key pipeline to Europe closed
Bangkok Post · Sep 2, 2022 Look for selective plays with strong growth stories We expect the SET Index to move higher in September. On the external front, we believe investors have digested the prospect of more rate hikes from the US Federal Reserve and thus expect a limited impact from the next upward move, given the hawkish signals sent recently by Fed chairman…
Asharq Al-Awsat · Sep 1, 2022 OPEC+ JTC Raises 2022 Oil Market Surplus Forecast The oil market is likely to have a surplus greater than forecast earlier this year amid pressures from rising energy costs and tightening monetary policy that decreased demand for oil, OPEC + said in a report on Wednesday. The report comes days ahead of an OPEC+ policy meeting on Sept.…
Bangkok Post · Aug 30, 2022 Russia Confounds the West by Recapturing Its Oil Riches Russia pumps almost as much oil into the global market as it did before its invasion of Ukraine. With oil prices up, Moscow is also making more money.
Asharq Al-Awsat · Aug 30, 2022 Oil Slides More than $7 on Inflation and Iraq Exports Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent in the OPEC nation's crude exports. Brent crude futures…
Tribune News Service · Aug 30, 2022 Deadly turmoil erupts in Iraq after top cleric’s resignation Iran closed its border crossings with Iraq after deadly clashes erupted in Baghdad over a prominent cleric’s decision to resign from politics, deepening a government crisis in the OPEC-member state.