Showing results for "homaidan al-turki"

Supply, demand dynamics point to well-supported oil market

  • Despite a volatile week, crude oil prices remained supported by a number of developments in both supply and demand. Slow recovery of oil production in the US Gulf Coast, field maintenance in the Caspian, and delayed output increases from other producers are all contributing to ...
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Energy crunch adds to crude demand

  • Crude oil markets continue to hold with fundamentals and remain well supported as they await the OPEC+ ministerial meeting that will begin on Oct. 4. Global oil markets are likely to remain tight enough over the next few months to hold Brent crude oil prices above $70 a barrel, despite the gr...
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Return to pre-pandemic oil demand not likely until 2023

  • Global oil balances look tighter due to supply outages and stronger demand, pulled up in part by substitution for increasingly higher natural gas. However, fundamentals suggest a slowing and leveling off in inventories, ending the steep stock draw since mid-year and implying less support for ...
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Understanding the oil market dynamics amid energy crunch

  • The ongoing natural gas crisis in Europe and Asia is helping oil prices stay firm. Crude oil futures prices soared, touching new highs as the oil market remained supported by concerns over a growing power crisis in key European and Asian countries, including China and India, which will boost de...
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Oil demand continues to healthily outpace supply

  • Crude oil prices averaged about 1 percent higher on a week-over-week basis, as investors remained focused on the strength of the global oil supply and demand fundamentals ahead of winter. Prices rose the most amid signs of a fast-tightening US oil market, specifically at Cushing, and a large ...
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Oil market to rebalance toward a surplus from February

  • Brent prices are averaging around $84 per barrel in November 2021, which is better than the levels seen in April 2020, when prices dropped to $20 per barrel. Prices averaged lower this week due to market volatility from concerns about a new wave of COVID-19 in many countries, rising inflation...
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Resurgence of COVID-19 in Europe, China dampens oil market sentiment

  • Brent traded below $79 a barrel on Friday amid rising uncertainty regarding oil supply and demand outlooks. Market sentiment cooled due to worries about demand destruction in Europe and China amid a resurgence in COVID-19 cases and a possible release of crude oil from the US Strategic Petroleum...
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Fears of new coronavirus variant weigh on oil prices

  • Brent prices averaged at $42 per barrel in November 2020, while in November 2021 at $83 per barrel, an increase of $41 a barrel. It indicates recovery in market fundamentals and demand. However, the price of a barrel of crude fell to $74 due to fears of new variants of the coronavirus reported ...
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Drawdown of oil inventories likely in next few weeks

  • The fall of crude prices after hitting over $80 per barrel to below $70 is seen not perceived as based on fundamentals but the downturn is driven by sentiment. The market remains uncertain mainly due to the unquantified risks from the omicron variant, and inflationary pressures. The situation...
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Reports about mild severity of omicron likely to support oil markets

  • Oil markets performed better in November with a barrel of crude at $82 as compared to December’s marginally weaker performance at $74 per barrel. Despite the difference, the price levels continue to stay firm and well supported remaining above $70 per barrel. The factors that are responsibl...
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