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Latest Oil Market News and Analysis for August 14

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Iran Oil Exports Exceed 1.4 Million Barrels Per Day: Mehr

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Most stock markets in Gulf track oil prices higher

...By Ateeq Shariff (Reuters) - Most stock markets in the Gulf ended......…

Even with a 32.9% decrease, Petrobras secured the third position in oil industry profitability for H1 2023

In the first half of 2023, Petrobras secured the third spot among the worlds top oil companies in terms of…

Iran says oil exports surpass 1.4 million bpd target - Tasnim

...DUBAI, Aug 13 (Reuters) - Irans oil exports have surpassed......…

TikTokers Push Castor Oil As An Eye Remedy, Here Are The Problems

The hashtag #castoroilforeyesight has already had over 3.7 million views on TikTok....…

4 Oil Pipeline Stocks to Gain Despite Industry Challenges

Despite the uncertainties, pipeline players are better off than upstream and downstream firms....…

Exxon Awarded $77 Million in Claim Against Venezuela Over Two Oil Projects

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India Consumes 11x More Crude Oil From Russia, Exposing Ineffectiveness Of Western Sanctions

India Consumes 11x More Crude Oil From Russia, Exposing Ineffectiveness Of Western Sanctions …

OPEC+ Oil Supply Plunges By 1.2 Million Bpd As Saudi Arabia Cuts Output

OPEC+ Oil Supply Plunges By 1.2 Million Bpd As Saudi Arabia Cuts Output …

Oil Prices Notch a 7-Week Winning Streak

Oil prices are heading to a record again, and it’s increasingly clear the gains are no fluke. Demand hit a…

Energy Up as Oil Rises for Seventh Week -- Energy Roundup

Energy Up as Oil Rises for Seventh Week -- Energy Roundup...…

United States CFTC Oil NC Net Positions: 255.9K vs 241.9K

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Oil Futures Settle Higher As IEA Report Forecasts Demand Growth, Tighter Supplies

WASHINGTON (dpa-AFX) - Crude oil futures settled higher on Friday, after a report from the International Energy Agency (IEA) forecast…

UPDATE 1-UN completes removal of oil from decaying tanker off Yemen

...(Adds detail, quotes) DUBAI, Aug 11 (Reuters) - The United Nations......…

WTI gains momentum amid output cuts and fears of global economic slowdown; eyes set on $84.00

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Oil Is on the Brink of a 7-Week Winning Streak. Heres Why.

Oil prices are heading to a record again, and it’s increasingly clear the gains are no fluke. Demand hit a…

Jemen: Gesamtes Öl aus marodem Tanker abgepumpt

Das Schiff verrottete seit Jahren im Roten Meer vor der Küste des Jemen. Die drohende Umweltkatastrophe wurde verhindert, wie die…

Gesamtes Öl aus marodem Tanker abgepumpt

Das Schiff verrottete seit Jahren im Roten Meer vor der Küste des Jemen. Die drohende Umweltkatastrophe wurde verhindert, wie die…

US drillers cut oil and gas rigs for fifth week in a row - Baker Hughes

...(Reuters) - U.S. energy firms this week cut the number of oil......…

United States Baker Hughes US Oil Rig Count remains at 525

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Bergung im Roten Meer gelungen: Öl von schrottreifem Tanker abgepumpt

Seine explosive Ladung hat den Tanker "FSO Safer" zu einer tickenden Zeitbombe gemacht. Wäre das Öl ausgelaufen, hätte das eine…

Frontera says it will evaluate Guyana oil discovery before proceeding

...By Marianna Parraga HOUSTON, Aug 11 (Reuters) - Frontera Energy......…

Suriname Offers Future Oil Profits To Bondholders

Suriname has reached a new deal with bondholders to exit its default....…

Katastrophe abgewendet: Öl von Tanker im Roten Meer abgepumpt

Vor der Küste des Jemen ist eine beispiellose Umweltkatastrophe abgewendet worden. Ein schrottreifer Öltanker wurde im Auftrag der UN vollständig…

UN completes removal of oil from decaying tanker off Yemen

...(Reuters) - The United Nations said on Friday it has completed......…

Tanker in Yemen Is Emptied of Oil, Averting Catastrophic Spill

More than a million barrels of oil on a tanker off the coast of Yemen were transferred to another ship…

Ölpreise steigen etwas

NEW YORK/LONDON (dpa-AFX) - Die Ölpreise sind am Freitag etwas gestiegen. Ein Barrel (159 Liter) der Nordseesorte Brent zur Lieferung…

Oil: Supercycle may not be off, but outlook constrained by ongoing additions to global spare capacity – TDS

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Bank of Russia forecast until 2026 - moderate GDP growth, despite falling oil prices

By 2026, the Bank of Russia intends to achieve 1.5-2.5% GDP growth and bring the key rate to a long-term…

Ölpreis steigt: Globale Ölnachfrage erreicht Rekordhoch

Trotz der Energiewende und weltweiter Konsumflaute erreicht die globale Ölnachfrage derzeit Rekordhöhen. Die Internationale Energieagentur rechnet daher mit weiter steigenden…

Brazil’s key role in stabilizing global oil supply in 2024 amid OPEC+ cuts

In its recent monthly report, the International Energy Agency (IEA) highlighted Brazils potential role in balancing the worldwide oil supply…

Dubai rises on higher oil prices; FAB drags on Abu Dhabi

...By Shamsuddin Mohd (Reuters) - Stock markets in Dubai rose......…

Oil Prices Poised To Soar As Global Demand Hits Record High, IEA Says

Sharp reductions in oil supplies led by Saudi Arabia risk “driving prices still higher,” the IEA said....…

Oil edges higher on forecasts for supply deficit

Oil futures rise Friday, trading near 2023 highs, as closely followed forecasts affirmed expectations for a large supply deficit over…

Internationale Energieagentur erwartet weiter steigende Ölpreise

Die Internationale Energieagentur rechnet damit, dass die weltweite Ölnachfrage in diesem Jahr einen neuen Rekord erreicht. Grund ist unter anderem…

Saudi Arabia cut oil output by 920,000 barrels per day in July — IEA

The volume of production by the kingdom in July amounted to 9.06 million bpd...…

OPEC+ countries cut oil output by 1.14 mln bpd in July to 35.9 mln bpd — IEA

The target level of production by OPEC+ countries under the deal for July was 39.57 mln bpd, while the actual…

Ölpreise steigen leicht

NEW YORK/LONDON (dpa-AFX) - Die Ölpreise sind am Freitag leicht gestiegen. Nachdem die Notierungen am Morgen noch etwas unter Druck…

Globale Öl-Nachfrage dürfte auf Rekordhöhe schnellen

16,2 Milliarden Liter, pro Tag: Die weltweite Nachfrage nach Öl wird 2023 laut der Internationalen Energieagentur auf ein neues Allzeithoch…

Oil Extends Losses As IEA Lowers 2024 World Demand Forecast

WASHINGTON (dpa-AFX) - Oil prices traded lower on Friday to extend losses from the previous session amid uncertainty over global…

IEA maintains forecast for global oil demand growth in 2023 by 2.2 mln bpd

More than 70% of demand growth will come from China...…

Brent Oil: Phase of uptrend could extend towards $93 and $96.50/$97.00 – SocGen

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Russia boosts oil export revenues by $2.5 bln in July to $15.3 bln — IEA

It is reported that the estimated export revenue was pushed by high oil prices, combined with a falling discount on…

Russian Oil Revenue at Eight-Month High as Price Cap Breached

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Global Oil Demand Hits Record and Prices May Climb, IEA Says

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IEA rechnet dank robuster Nachfrage mit weiter steigenden Ölpreisen

PARIS (dpa-AFX) - Die Internationalen Energieagentur (IEA) erwartet wegen einer kräftigen Nachfrage nach Rohöl einen weiteren Anstieg der Ölpreise. Durch…

IEA lowers 2024 global oil demand growth forecast to 1 million bpd

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IEA Raises Oil Supply Forecasts as U.S. Producers Counter OPEC+ Cuts

IEA Raises Oil Supply Forecasts as U.S. Producers Counter OPEC+ Cuts...…

IEA lowers 2024 oil demand growth forecast

...By Natalie Grover and Alex Lawler LONDON (Reuters......…