Synopsis Oil prices saw little change as the market anticipated a Fed rate cut. Investors focused on potential 2025 rate projections and Trump’s possible return. New EU and UK sanctions targeted Russian oil transport. API data revealed a drop in US crude stocks but a rise in gasoline and distillate inventories. Official EIA data is […]
Oil prices little changed ahead of Fed rate decision Read More »
Oil drilling rigs Oil prices remained steady on Friday but are on track to post gains for the first time in three weeks amid concerns over reduced global supply due to additional Western sanctions on Russia and Iran. Futures prices for benchmark Brent crude for February delivery were stable at $73.43 a barrel as of
Oil prices steady but heads for weekly rise Read More »
COP16: World Bank launches drought risk and resilience platform to address global crisis RIYADH: A new platform designed to help governments monitor and manage drought risks has been launched by the World Bank at COP16 in Riyadh, as concerns over the global impact of water scarcity grows. The Drought Risk and Resilience Assessment aims to
Oil Update – prices ease, but China policy stance checks losses Read More »
China is more relevant to crude oil prices than the fall of Bashar Al-Assad’s regime, TDS’ Senior Commodity Strategist Daniel Ghali notes. Energy supply risks are not rising “The Levant is not an oil producing region, limiting the implications for energy prices in the near-term despite a significant reshuffle of the geopolitical order in the Middle East.
Oil: Geopolitical risks in the MidEast are the highest since the Gulf War – TDS Read More »
By Alex Kimani – Dec 09, 2024, 9:50 AM CST China’s easing of monetary policy to boost economic growth sparked an oil price rally on Monday. OPEC+ extended production cuts and delayed planned output increases, potentially tightening supply in the market. Geopolitical uncertainty in the Middle East adds another layer of complexity to the oil
Oil Prices Rise After China Vows to Ramp Up Monetary Stimulus Read More »
December 8, 2024 Leaded Gasoline Tied to Uptick in Mental Health Disorders, and a Mysterious Outbreak Occurs in the DRC A mysterious outbreak occurs in the Democratic Republic of the Congo, and researchers find evidence that exposure to leaded gasoline was linked to increases in mental illness. Plus, we discuss orcas wearing salmon as hats.
Oil drilling rigs Oil prices settled lower on Friday as analysts forecast a surplus in supply next year due to weak global demand, coinciding with anticipation of increased “PEC+ supplies. At the close, Brent crude futures for February 2025 delivery dropped 1.35%, or 97 cents, to $71.12 a barrel, recording a weekly loss of 1%.
Oil prices stabilize, Brent crude heads for weekly loss Read More »
Crude Oil Report Reveals Nigeria, Others Need $100/Barrel Oil to Balance Budgets Emerging economies that produce oil, like Nigeria, Angola and Ecuador, need prices to be around $100 per barrel to balance their budgets, according to a report by Reuters on Monday. It noted that lower oil prices would be more harmful to economies that
Report Reveals Nigeria, Others Need $100/Barrel Oil to Balance Budgets Read More »
Oil drilling rigs Oil prices recorded weekly losses, pressured by easing concerns over geopolitical tensions in the Middle East and the potential for increased supplies in 2025. However, Brent crude recorded slight monthly gains. Brent crude futures for January 2025 delivery rose 0.15%, or $0.11, to $72.94 a barrel, recording a weekly loss of 2.95%
Oil prices rise, achieve monthly gain Read More »
When Davido appeared on the Big Homies House podcast and advised Black Americans against relocating to Nigeria, his comments caused a spark, more like a firestorm in the country. He cited issues like poor leadership, the high exchange rate, and soaring oil prices as major obstacles, painting a stark picture of the nation’s economic challenges.
Was Davido Wrong to Have Called out Nigeria on a Global Stage? Read More »
