Search results for: “OPEC+”
OPEC+ Increases Oil Output in 2025: Impact on Oil Prices and Global Markets
OPEC+ announces an increase in oil output starting in April 2025
Sinopec Completes $5.7bn Expansion at Zhenhai Refinery, Strengthening Petrochemical Production
Explore Sinopec’s $5.7 billion Zhenhai Refinery expansion. Learn how it boosts petrochemical output and strengthens…
OPEC+ Delays Oil Production Increase Amid Weaker Demand and Global Supply Surplus
OPEC+ has postponed its planned production increase due to weak demand and rising production from non-OPEC nations. The…
European Steel Pipe Prices Decline Amid Weak Demand and Oil Market Pessimism
Steel pipe prices in Europe fell in early April. Low demand and oil market weakness prevented mills from passing on…
Global Oil Demand and Prices to Fall Amid Market Shifts, Says EIA
The US EIA expects slower oil demand growth and lower crude prices through 2026, driven by tariffs and production changes.
Oil Prices Drop Over 2% Amid Rising US-China Tensions
Oil prices dropped over 2% in early April 2025 as US-China tariff tensions reignited concerns over global demand and supply…
Oil Prices Fall to Lowest Levels Since 2021 Amid Trade Tariffs and Global Tensions
Oil prices drop to their lowest since 2021 due to US trade tariffs, creating global economic uncertainty.
Trump’s Stark Davos Speech: NATO, Tariffs, and Energy as US-Europe Relations Enter New Tensions
In his first major international address since returning to the White House, US President Donald Trump made clear that…
Shell Lowers LNG Production Outlook Amid Write-offs and Scaling Back Offshore Wind Projects
Shell has cut its liquefied natural gas (LNG) production estimates for the final quarter of 2024, projecting a range…
Crude Oil Prices Surge Amid Supply Concerns and Growing Demand
Crude oil prices hit a three-week high, with Brent futures increasing by 0.35% to $77.32 per barrel and WTI futures rising by 0.50%…
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