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Oil tumbles as OPEC+ delays key meeting
Both Brent and WTI oil benchmarks have fallen for four straight weeks. Brent, trading at roughly $79 a barrel on Wednesday, is down from near $98 in late September.
Jamie Carragher says Arsenal will never win the Premier League with Aaron Ramsdale David Raya joined Arsenal on loan from Brent in the summer. The Gunners have the option to make the deal permanent for £27m at the end of the season. Aaron Ramsdale started Arsenal's first four Premier League games. Peter Schmeichel has criticised Mikel Arteta's decision to sign Raya. Jamie Carragher has hit back at the former Manchester United goalkeeper.
OPEC+ Gets Glimmers Of Hope As Oil Passes $80 OPEC+ is finally seeing some glimmers of hope as Brent prices near $80 a barrel in London. The situation appears to be changing, as Brent futures approach $80 for the first time since May. The supply shortfall will more than double in the coming months.
Most Gulf markets drop as China slowdown jitters weigh Crude prices — a key catalyst for the Gulf's financial markets — slid 1.2% on Monday with Brent crude down at $75.73 a barrel. Concerns over China's faltering economic growth outweighed support from OPEC+ production cuts.
OPEC+ cuts put $100/bbl oil back in sight Analysts expect OPEC+ to push Brent above $100/bbl. Traders are also watching for a response from the U.S., which called OPEC+'s move inadvisable.
Nearly a third of five-year-olds in England has tooth... 29.3% of children aged five have enamel decay or more serious decay to the layer of dentin under the enamel. Children in north west England were most likely to have experienced dentinal decay (30.6%) at local authority level. Brent in London had the highest proportion, at 46%.
OPEC+ views oil price drop as financially driven, delegates say Oil sank to a 15-month low on Wednesday, with Brent crude below $72 a barrel. Crude stabilised on Thursday after Credit Suisse was thrown a financial lifeline. OPEC+ is "most likely wait and see" in expectation that situation will "normalise soon"
Russia to Slash Oil Production, In Retaliation for Sanctions Russia said it will cut oil output by 500,000 barrels a day next month. The output reduction is the equivalent of about 5% of January output. Crude prices jumped on the news, with Brent erasing earlier losses to rise as much as 2%.
Russian supplies could keep Asian naphtha markets subdued in H1 2023 Naphtha margins plunged by 87% in 2022 to $21.13 a tonne over Brent crude. The spot price fell by nearly 13% to $647 per tonne last year. Russia's exports to Europe have dropped to about 500,000 tonnes in January.
Russian supplies could keep Asian naphtha markets subdued in H1 2023 Naphtha margins plunged by 87 per cent in 2022 to $21.13 a tonne over Brent crude. The spot price fell by nearly 13 per cent to $647 per tonne last year. Russia's exports to Europe have dropped to about 500,000 tonnes in January.
OPEC pricing power limits downside risks to oil prices,... Goldman Sachs sees global oil demand growth of 2.7 million barrels per day in 2023. This will push the market into deficit in the second half and lift Brent prices to $105 per barrel by the fourth quarter. OPEC's pricing power has grown "unusually high" in recent years.
OPEC pricing power limits downside risks to oil prices, Goldman says The Wall Street investment bank sees global oil demand growth of 2.7 million barrels per day in 2023. This will push the market into deficit in the second half and lift Brent prices to $105 per barrel by the fourth quarter. OPEC's pricing power has grown "unusually high" in recent years.
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