#Crude Oil price

[anoopastrosutra]

Nifty Prediction : Weakness - in Buyer’s mood | Stoploss at 23725 (Nifty)

Daily Forecast – Share Market – November 13th, 2024 Weakness – in Buyer’s mood | Stoploss at 23725 (Nifty) Sell on rise possible | Nifty may show weak sentiments Saturn retrograde, at the slow speed with Mercury leads the day, well supported by Moon, Continue reading Nifty Prediction : Weakness – in Buyer’s mood | Stoploss at 23725 (Nifty)

[chemanalystdata]

Crude Oil Price | Prices | Pricing | News | Database | Chart

 North America

In Q2 2024, the US crude oil market encountered notable volatility, shifting between bullish and bearish trends. In April, rising geopolitical risks and supply disruptions led to a spike in oil prices. U.S. futures hit a five-month high after reports surfaced that an Israeli missile strike damaged the Iranian consulate in Damascus, Syria.

However, in May 2024, bearish sentiment prevailed, largely due to increasing supply. Key oil producers began lifting production cuts, resulting in a significant rise in US crude oil inventories. Weak export orders and falling global demand added to the supply glut, while high interest rates stifled economic activity and fuel consumption, pushing prices downward. Within North America, the United States experienced the most pronounced price swings. The growing inventories and the effects of high interest rates on economic growth and oil consumption were key contributors. By the end of June 2024, WTI crude oil prices settled at $79 per barrel.

APAC

The crude oil market in the Asia-Pacific region also faced challenges in Q2 2024, fluctuating from bullish to bearish trends. In April, India's crude oil imports dropped by approximately 9% from March, reaching about 1.25 million barrels per day. This decrease led to a supply shortage and a spike in import prices. Additionally, outages at Russian refineries further destabilized the market, while OPEC+ exerted pressure on some countries to adhere to agreed production cuts through the second quarter.

By June, however, the market landscape had shifted. Geopolitical tensions eased, and US crude oil production surged. OPEC+'s decision to gradually end production cuts starting in October increased the supply-demand imbalance, leading to lower prices. Rising global oil inventories and high interest rates dampened demand, reinforcing the bearish trend.

Europe

In Q2 2024, Europe's crude oil market also faced considerable challenges, swinging between optimism and caution. In April, geopolitical risks and supply disruptions, such as the Israeli missile strike on the Iranian consulate in Damascus, pushed oil prices higher, with U.S. futures reaching a five-month peak.

However, by May 2024, high supply levels and weakening demand, driven by easing geopolitical tensions and stable oil production, reversed the trend. Economic uncertainties, high interest rates, and rising U.S. stockpiles further fueled the global oversupply narrative, putting additional downward pressure on prices. Germany experienced the largest price fluctuations within Europe, and by the end of Q2 2024, Brent crude prices in the country settled at $83 per barrel, reflecting the quarter's mixed market conditions.

Get Real Time Prices for Crude Oil: https://www.chemanalyst.com/Pricing-data/crude-oil-1093

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

[johnypage95]

Want to trade commodities, CFDs, currencies through a reliable digital platform? If so, Ellipsys Financial Markets is the ultimate platform. Feel free to contact us and learn more about our trading platform. https://www.elpmarkets.com/day-trading.html

[livemintvideos]

Russia's crude oil export to India surged to a new record in December 2022. Moscow has remained the top oil supplier of India for consecutive months. According to data from energy cargo tracker Vortexa, India imported crude oil from Russia 1 million barrels per day for the first time in December. Russia supplied 1.19 million bpd of crude oil to India in December alone. As per Vortexa report, it was the higher than 909,403 bpd of crude oil India imported from Russia in November and 935,556 bpd in October 2022. In this video, let's take a look at some of the causes that led to the increase in imports that we have seen.

[dontmean2bepoliticalbut]

You can view the data HERE

Also...

[hmatrading0]

Options Trading Guide

Options trading guide can be a versatile and powerful way to manage risk and potentially profit from financial markets. Here's a comprehensive guide to get you started.

For more details visit here - https://hmatrading.in/options-trading/

Address: Ground Floor, D - 113, D Block, Sector 63, Noida, Uttar Pradesh 201301

Phone: 9625066561

[the-psudo]

These charts are based on data from the Energy Information Agency (EIA), the government agency that the oil and gas industry relies on to provide accurate measures of US and international energy production, imports, exports, and other data. The EIA provides US oil production data compiled monthly since 1920 or compiled weekly since 1983. Both data sets are included in the above charts.

So, in summary, US oil production grew sharply starting in 2011, peaked and began to fall in 2015, bottomed out and started to recover by Oct 2016, recovered by 2018, reached an all-time peak by Feb 2020, then crashed again until Jun 2020, and has recovered ever since back to nearly the all-time peak once again.

For those that love to assign the US President all credit for oil production, there are serious upturns under Obama (2011-2016), Trump (2017-2019), and Biden (2021-present) and serious downturns under Obama (2015-6) and Trump (2020). Make of that what you will.

[commoditysamachar]

China is facing a challenging threat and is now moving towards the dynamic approach named Zero Covid Policy. For more visit us on https://commoditysamachar.com/ or call us at +91 7968158368.

[gynoidgearhead]

[Image caption for original post: tweet by MIT Technology Review (@techreview) reading, "The problem is that solar panels generate lots of electricity in the middle of sunny days, frequently more than what's required, driving down prices -- sometimes even into negative territory." This is quote-retweeted by Alan R. MacLeod (@AlanRMacLeod), who says "Under capitalism, unlimited free electricity is a problem." End caption.]

[jarvis-invest]

Discover the impact of the surge in crude oil prices in 2024 on global stock markets & Find out how higher oil prices can affect energy companies, other sectors, and economies heavily reliant on oil imports.

[trendynewsnow]

Crude Oil Prices Drop as Middle Eastern Tensions Ease

Crude Oil Prices Plummet Amid Easing Middle Eastern Tensions Crude oil prices experienced a significant drop of over 5% before slightly recovering during the Asian trading session on Monday. This decline followed reports indicating that Israel had refrained from targeting Iran’s oil and nuclear facilities in response to Iran’s ballistic missile strike on October 1. Iranian state media have…

[anoopastrosutra]

Nifty Prediction : Nifty trying to move above 24250 | Sentiments suspicious, Pulling back

Daily Forecast – Share Market – November 12th, 2024 Nifty trying to move above 24250 | Sentiments suspicious, Pulling back Planetary movements (changes) distracting sentiments. Slow movements Saturn (Rx) leads the day, well supported by Moon, Mars, Rahu, Jupiter, Mercury and Ketu. Shani Mahadev is slowing down the speed for us and heading for the changing its transit position. Which may be…

[chemanalystdata]

Crude Oil Prices | Pricing | Price | News | Database | Chart | Forecast

 Crude oil prices play a pivotal role in the global economy, influencing everything from the cost of gasoline at the pump to the economic stability of oil-exporting countries. These prices are subject to a complex interplay of factors, including supply and demand dynamics, geopolitical events, market speculation, and economic policies. At its core, crude oil is a fundamental energy resource, and fluctuations in its prices can have widespread consequences.

The supply side of the crude oil market is shaped by the production capabilities of major oil-producing nations and organizations, such as OPEC (the Organization of the Petroleum Exporting Countries). Changes in production levels, whether due to strategic decisions or external factors like natural disasters, can lead to significant shifts in oil prices. For instance, when OPEC decides to cut production to stabilize or increase prices, it can lead to higher crude oil prices globally. Conversely, when there is an oversupply, such as from increased production in non-OPEC countries like the United States, prices can drop, impacting economies dependent on oil revenues.

Demand for crude oil is driven by various factors, including industrial activity, transportation needs, and overall economic growth. In periods of economic expansion, increased industrial output and higher consumer spending lead to greater energy consumption, pushing oil prices up. Conversely, during economic downturns or recessions, demand for oil can decrease, leading to lower prices. Additionally, technological advancements and shifts towards alternative energy sources, such as electric vehicles, also influence oil demand and, consequently, its prices.

Get Real Time Prices for Crude oil : https://www.chemanalyst.com/Pricing-data/crude-oil-1093

Geopolitical events are another significant factor affecting crude oil prices. Political instability in key oil-producing regions, such as the Middle East, can create uncertainties in the global oil supply, leading to price volatility. Conflicts, sanctions, or diplomatic negotiations involving major oil producers can lead to sudden changes in oil prices as markets react to potential disruptions. For example, tensions between oil-rich countries or military conflicts can lead to fears of supply shortages, which drive up prices.

Market speculation also plays a crucial role in determining crude oil prices. Traders and investors in oil futures markets often buy and sell contracts based on their expectations of future price movements. Speculative activities can lead to price swings that may not always align with actual supply and demand fundamentals. Market sentiment, influenced by news, forecasts, and geopolitical developments, can lead to short-term volatility in crude oil prices.

Economic policies and regulations also impact oil prices. For instance, changes in environmental regulations, such as stricter emissions standards or carbon pricing mechanisms, can affect oil production costs and demand. Additionally, government policies related to energy independence and subsidies for alternative energy sources can influence the overall oil market. Policy shifts in major economies, like the United States or China, can have ripple effects on global oil prices.

The interplay of these factors creates a dynamic and often unpredictable crude oil market. Prices are not only influenced by immediate events but also by long-term trends and strategic decisions made by various stakeholders. For example, investments in renewable energy infrastructure and changes in consumer behavior towards more sustainable practices can gradually alter the demand for crude oil, impacting its price trajectory.

Looking forward, the crude oil market will continue to be influenced by a combination of factors, including ongoing technological advancements, shifts in global energy policies, and geopolitical developments. As the world moves towards a more sustainable energy future, the role of crude oil may evolve, potentially leading to new price dynamics and market behaviors. Understanding these factors and their interplay is crucial for businesses, investors, and policymakers who navigate the complexities of the global oil market.

In summary, crude oil prices are influenced by a myriad of factors including supply and demand, geopolitical events, market speculation, and economic policies. These elements interact in complex ways, creating a market that is both dynamic and often unpredictable. As the world transitions towards more sustainable energy sources and adapts to new technological and policy developments, the landscape of crude oil pricing will continue to evolve, reflecting the ongoing changes in global energy dynamics.

Get Real Time Prices for Crude oil : https://www.chemanalyst.com/Pricing-data/crude-oil-1093

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

[head-post]

Oil prices surged 5% after Biden’s comments on possible Israel-Iran escalation

Crude oil prices rose 5% after US President Joe Biden said Washington was “discussing” the possibility of an Israeli strike on Iran’s oil industry in retaliation for Tehran’s missile attack.

Israel is considering a limited strike on Iran’s oil sector as a “significant retaliation” for Iran’s strike on its military bases, according to the source. However, Iran said it would retaliate if Israel struck any part of its oil sector in the Persian Gulf.

Brent crude oil prices rose 10% to $77.13 a barrel following Iran’s missile attack on Israel. The price hike comes at a critical time for global energy markets, although prices remain below levels seen earlier this year due to weaker demand from China and plentiful supplies from Saudi Arabia.

Increased violence in the Middle East and the threat of further escalation are now putting oil markets under intense pressure. Traders are also watching closely for any signs of disruption to supply routes.

Read more HERE

[newsepick]

Petrol Diesel Price Today 25 September, 2024 in Delhi, Mumbai, Kolkata and other major cities

As of September 25, 2024, petrol prices in major Indian cities are stable, with Delhi's price at Rs 94.72 per litre. Prices are set daily under a dynamic pricing system initiated in 2017, influenced by factors like crude oil prices, the rupee's exchange rate, and domestic tax policies. Crude prices have recently increased due to a weak dollar and Chinese stimulus measures, alongside geopolitical tensions in the Middle East. Prices vary across cities, with Hyderabad seeing the highest at Rs 107.41 per litre and diesel rates reflecting similar trends.

[cynicalclassicist]

I wonder if the people who voted for Trump in 2016 or refused to vote at all are pleased with how they showed the establishment... something.