The bullish news of the OPEC+ output cut is wearing off, and the market is once again focusing on the possibility of a global recession.
to roll out a new technology that would produce lower-carbon jet fuel from ethanol, lowering GHG emissions by as much as 80% compared to oil.Amidst the endless seesawing of oil prices, last week’s strong OPEC+ message continues to reverberate in the markets, primarily in the United States where the drastic production cut has nudged legislators to reevaluate their relationship with Middle Eastern kingdoms.
key summer crops such as rice, soybean, and cotton, putting quite an upside pressure on inflation and potentially forcing the Bank of India to raise interest rates again. a draft law that would put two of the country’s last nuclear power plants on reserve after their halt in late 2022, following an objection from the finance ministry that the lifespan extension should be longer than April 2023.
in three months, at €160 per MWh or $51/mmBtu, as a milder-than-expected autumn has been keeping market sentiment upbeat, buttressed by ample supplies of LNG arriving to Europe. With refinery strikes moving into their fourth week in France, the largest trade union CGTto bring wage talks forward, with fuel output already 60% down.
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Prices At The Pump Are Ticking Higher After OPEC Decision | OilPrice.comGasoline prices in the United States have jumped over 3% since OPEC’s decision last week to cut output by 2 million barrels per day in November, reversing the trend that had seen prices lower at the pump for weeks.
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US has few good options in countering Opec oil cuts\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Biden to ‘re-evaluate’ Saudi relations after Opec cuts, White House says\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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U.S. Looks To Punish Saudi Arabia For Large OPEC+ Cut | OilPrice.comOPEC+’s decision to cut production shouldn’t have surprised the U.S., but it didn’t, and while the short term impact on prices may be limited, the longer term impact on geopolitical relations will be much larger
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Oil Prices Slide As OPEC+ Bump Wears Off | OilPrice.comOil prices slipped further on Tuesday as the market reassessed the OPEC+ production quota cut, and the IMF warned about the increased risk of a global recession.
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