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Oil Market Faces Sizable Deficit in 3Q, Capital Economics Says
The Wall Street Journal· 6 days agoOPEC+’s decision to fully roll over voluntary output curbs for another quarter will push the oil market into a sizable deficit in the third quarter and send prices higher, Capital Economics said.
Oil Remains Under Pressure Amid OPEC+ Phase-Out Plan, U.S. Inventory Build
Barrons.com· 4 days agoOil prices were edging higher on Wednesday but remain under pressure amid bearish sentiment in the ...
November’s Election Could Bring A Return To Oil Market Volatility
Forbes· 3 days agoFor the OPEC+ cartel, that raises the potential for a renewal of rapid US production growth that...
Oil prices climb as OPEC+ reassures markets, ECB cuts interest rate
CNBC· 2 days agoOil prices rose, continuing to climb after Saudi Arabia and Russia indicated readiness to pause or...
The Energy Report: OPEC and Other Oils | Investing.com
Investing.com· 3 days agoOil prices are trying to bottom, again, as OPEC Plus tries to calm the markets surrounding its oil...
Oil ticks up ahead of U.S. jobs report, still set for third weekly loss
MSN News· 2 days agoBy Alex Lawler LONDON (Reuters) -Oil ticked higher on Friday, finding support from OPEC+ members...
Oil Slides to Four-Month Lows as OPEC+ Move Is Seen as Bearish
Barrons.com· 5 days agoOil prices slumped to four-month lows, signaling that OPEC+'s policy move disappointed markets....
Oil Prices Drop Further on Post-OPEC+ Supply Worries
The Wall Street Journal· 4 days agoExxon Mobil fell 1.6%, while Occidental Petroleum was off 1.1%. Worries about increased supply have weighed on the market, especially after a weekend...
Oil Rises as OPEC Ministers Reiterate Output Path May Be Changed
Bloomberg via Yahoo Finance· 2 days ago(Bloomberg) -- Oil gained for a second session as expectations waned that OPEC and its allies will...
Drilling Rig Market size is set to grow by USD 14.6 billion from 2024-2028, Increase in oil and gas...
Benzinga· 1 day agoNEW YORK, June 7, 2024 /PRNewswire/ -- The global drilling rig market size is estimated to grow by USD 14.6 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.63% during the