#Crude Oil price

[anoopastrosutra]

Nifty Prediction : Nifty may test 24250 (close to the values of 22-11-2024) | Look for Opp.

Daily Forecast – Share Market – December 18th, 2024 Nifty may test 24250 (close to the values of 22-11-2024) | Look for Opp. Saturn with Moon leads the day well supported by Sun, Rahu and Ketu. Impact of foreign cues Continue reading Nifty Prediction : Nifty may test 24250 (close to the values of 22-11-2024) | Look for Opp.

[chemanalystdata]

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

 Crude Oil prices are a critical component of the global economy, influencing everything from transportation costs to the price of goods and services. The volatility of crude oil prices has a profound impact on industries and consumers alike, as oil is a fundamental resource used across various sectors such as manufacturing, energy production, and even agriculture. Understanding the factors that drive the price of crude oil is essential for businesses and individuals seeking to navigate the complexities of global markets.

Crude oil prices are determined by a variety of factors, both on the supply and demand sides of the market. On the supply side, geopolitical tensions, natural disasters, and technological advances in oil extraction can all have a significant impact on production levels. For example, conflicts in major oil-producing regions, such as the Middle East, can cause disruptions in the global supply chain, leading to price spikes. Additionally, decisions made by organizations like OPEC (Organization of the Petroleum Exporting Countries) can directly affect the supply of crude oil and, by extension, its price. OPEC's agreements to limit or increase oil production can lead to significant fluctuations in the price of crude oil, influencing the global market.

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

In addition to supply and demand, market sentiment and speculative trading can contribute to short-term fluctuations in crude oil prices. Oil futures markets, where traders buy and sell contracts based on the anticipated future price of oil, play a significant role in price discovery. Traders react to news, reports, and economic indicators, adjusting their positions accordingly. For instance, an unexpected inventory build-up in the United States can cause concerns about oversupply, prompting traders to sell off oil futures, which in turn causes a decrease in the price of crude oil. Similarly, rumors of production cuts or supply disruptions can lead to a surge in speculative buying, pushing prices higher.

The price of crude oil is also affected by currency fluctuations, particularly the value of the U.S. dollar. Since crude oil is primarily traded in dollars, any change in the dollar's value can influence the price of oil. A stronger dollar typically makes oil more expensive for holders of other currencies, which can reduce demand and push prices lower. On the other hand, a weaker dollar tends to make oil more affordable for international buyers, increasing demand and driving prices higher.

Technological advances in the oil and gas industry, particularly in hydraulic fracturing and horizontal drilling, have also played a role in the evolution of crude oil prices. The United States, for example, has become one of the world’s largest oil producers due to innovations in shale oil extraction. This has led to increased supply in the global market, which has at times driven prices lower. However, these advances also come with environmental concerns and regulatory challenges that can impact the future of oil production and, consequently, crude oil prices.

The impact of crude oil prices extends beyond just the oil and gas industry. Changes in oil prices can ripple through the global economy, affecting everything from the price of gasoline to the cost of shipping goods. For consumers, rising oil prices often translate into higher fuel costs, which can increase the price of everyday goods and services. In countries that are heavily reliant on oil imports, fluctuations in crude oil prices can have a direct impact on national economies, leading to inflationary pressures and increased costs of living. Conversely, falling oil prices can provide relief to consumers and businesses, lowering production costs and potentially stimulating economic growth.

Governments and central banks also play a role in managing the impact of crude oil prices on their economies. Many countries maintain strategic reserves of oil to ensure a steady supply in times of crisis, helping to stabilize domestic markets. Additionally, monetary policy decisions, such as interest rate changes, can influence demand for oil by impacting economic growth and consumer spending. For example, when central banks lower interest rates, it can stimulate economic activity and increase demand for energy, which may lead to higher crude oil prices.

Crude oil prices also have a significant environmental and political dimension. The extraction and use of oil have long been associated with environmental degradation, including oil spills, habitat destruction, and greenhouse gas emissions. As global awareness of climate change grows, there is increasing pressure on governments and companies to transition away from fossil fuels, which can affect oil demand in the long term. Moreover, the political landscape surrounding oil production, consumption, and environmental regulations continues to evolve, adding further complexity to the crude oil market.

The future of crude oil prices remains uncertain, as the world navigates the challenges of climate change, energy transitions, and global economic fluctuations. While oil remains a cornerstone of the global energy landscape, the shift towards renewable energy sources and the continued development of electric vehicles may impact long-term demand for crude oil. In the near term, however, geopolitical factors, economic growth, and supply chain disruptions will continue to influence oil prices, making it essential for businesses and governments to stay informed about market trends.

In conclusion, crude oil prices are shaped by a complex interplay of factors, including supply and demand dynamics, geopolitical events, technological innovations, and market speculation. The price of crude oil has far-reaching implications, influencing everything from consumer behavior to global economic stability. As the world continues to grapple with the challenges of energy transition and environmental concerns, the future of crude oil prices will depend on a variety of factors, making it crucial to monitor market developments closely.

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[johnypage95]

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[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.

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[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.

[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.]

[newshare24]

Oil prices are rising amid political instability in Syria - Crude Oil - 10 December 2024

On Monday, oil prices jumped after reports of the overthrow of Syrian President Bashar al-Assad by the opposition, which increased fears of an escalation of instability in the Middle East. Brent futures rose by 1.17%, reaching $72 per barrel, and WTI – by 1.32%, to $68.20. Traditionally, any geopolitical aggravation supports the oil market, but the recent price cuts by Saudi Arabia and the…

[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.

[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

[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.

[anoopastrosutra]

Nifty Prediction : Nifty may look for 24700 n stoploss @ 24450 | Watch banks for now

Daily Forecast – Share Market – December 10th, 2024 Nifty may look for 24700 n stoploss @ 24450 | Watch banks for now Saturn with Sun leads the day, well supported by Moon, Mercury (Rx) and Jupiter. Indirectly Continue reading Nifty Prediction : Nifty may look for 24700 n stoploss @ 24450 | Watch banks for now

[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

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Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

[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.

[grunge-mermaid]

torn between "is this really what I consider exciting these days???" and "just take pleasure in the little things, you ding-dong" because I get to try a new plant-based butter alternative tomorrow

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