Category: OPEC
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OPEC
Saudi Arabia’s new approach to oil production amidst ongoing challenges within OPEC indicating a willingness to accept lower oil prices, which has stirred market concerns, particularly as WTI prices fall to just above $58 per barrel. He provides historical context on OPEC’s founding objectives of stabilizing oil prices and ensuring fair returns, while highlighting the…
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Daniel Yergin on Power
Daniel Yergin – Oil Explains the Entire 20th Century,” Pulitzer Prize winner and energy expert Daniel Yergin discusses his book “The Prize,” which chronicles the history of oil and its profound impact on the 20th century. Yergin shares how the book’s initial focus on oil’s history evolved into a comprehensive account of the century itself due…
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OIL and Inflation
https://www.investing.com/news/commodities-news/crude-oil-surges-higher-helped-by-us-cpi-opec-report-3104289 World consumption will exceed supplies by roughly 2.7 million barrels a day next month, a report from OPEC indicated on Tuesday, and if the de facto leader of the group decided to extend the reduction for the whole third quarter, it would be the biggest deficit since 2021. The International Energy Agency, which advises…