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Why China Is Driving Short-Term Oil Prices But OPEC Still Holds the Lever

Why China Is Driving Short-Term Oil Prices But OPEC Still Holds the Lever

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By Charles Kennedy – Dec 27, 2025, 6:00 PM CST China now drives short-term oil price moves as its opaque import patterns, refinery margins, and strategic stockpiling increasingly shape marginal demand and near-term price discovery. OPEC’s influence has shifted to the medium term. In times of genuine supply stress, pricing power returns to producers. For […]

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Asian shares mostly gain and yen surges against the dollar

Asian shares mostly gain and yen surges against the dollar

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Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year]   NEW YORK (AP) — Stocks closed at another record on Wall Street Tuesday following a surprisingly strong report on economic growth over the summer. The U.S. government’s first assessment of economic growth during the third quarter also showed that inflation remains high. A separate report showed that

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Tinubu Presents ₦58.47 Trillion 2026 Budget Proposal To National Assembly

Tinubu Presents ₦58.47 Trillion 2026 Budget Proposal To National Assembly

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President Bola Tinubu has presented a ₦58.47 trillion budget proposal for the 2026 fiscal year to a joint sitting of the National Assembly. The budget was presented on Friday, with non-debt recurrent expenditure put at ₦15.25 trillion and capital spending set at ₦26.08 trillion. The proposal is based on a crude oil price benchmark of

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India Deepens Russian Oil Ties Despite U.S. Tariff Pressure in 2025

India Deepens Russian Oil Ties Despite U.S. Tariff Pressure in 2025

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Dollar Strength and Stock Market Weakness Undercut Crude Oil Prices

Dollar Strength and Stock Market Weakness Undercut Crude Oil Prices

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January WTI crude oil (CLF26) on Friday closed down -0.16 (-0.28%), and January RBOB gasoline (RBF26) closed down -0.0077 (-0.44%). Crude oil and gasoline prices moved lower on Friday, with gasoline posting a 4.75-year nearest-futures low.  Friday’s dollar strength weighed on energy prices.  Also, Friday’s stock weakness has dampened optimism about the economic outlook, a

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Crude Oil Prices Pressured on Signs of Abundant Global Supplies

Crude Oil Prices Pressured on Signs of Abundant Global Supplies

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January WTI crude oil (CLF26) on Thursday closed down -0.78 (-1.34%), and January RBOB gasoline (RBF26) closed down -0.0232 (-1.15%). Crude oil and gasoline retreated on Thursday, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low.  Concerns about a global oil glut continue to pressure crude prices.  Also, today’s stock

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