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Libya's energy role vital for global markets: OPEC chief

Libya's energy role vital for global markets: OPEC chief

- Haitham Al-Ghais highlights Libya's potential in traditional energy, renewables at Libya Energy and Economic Summit 2025

16:51 Oil

Oil prices rise amid strong economic data from China, uncertainties over Trump's policies

Oil prices rise amid strong economic data from China, uncertainties over Trump's policies

- Strong macroeconomic data from China pointing a growth of 5% in 2024, supports upwards price movements

17.01.2025 Oil

OPEC daily crude output up 0.1% in December 2024

OPEC daily crude output up 0.1% in December 2024

- Global oil demand growth forecast for 2025 remains unchanged at 1.45 million barrels per day

15.01.2025 Oil

Oil down amid economic slowdown in China, weaker US demand outlook

Oil down amid economic slowdown in China, weaker US demand outlook

- Lower-than-expected drop in US crude oil inventories suggest demand in world's largest oil consuming country weakened, influencing downward price movements

09.01.2025 Oil

Oil prices disappoint investors expecting a price hike in 2024

Oil prices disappoint investors expecting a price hike in 2024

- Brent oil starts 2024 at elevated levels amid Middle East conflicts, ends year with a decline of around 3.6%, weighed down by mounting economic concerns

07.01.2025 Oil

Oil prices drop amid recession fears and weaker demand outlook

Oil prices drop amid recession fears and weaker demand outlook

- US President Joe Biden bans new offshore oil and gas drilling along most US coastlines

07.01.2025 Oil

Oil prices edge up in 1st week of 2025 amid economic growth hope

Oil prices edge up in 1st week of 2025 amid economic growth hope

- Potential shifts in US economic growth after Trump’s Jan. 20 inauguration are expected to drive oil demand and influence prices

03.01.2025 Oil

Oil up in thin trade as market awaits more demand cues

Oil up in thin trade as market awaits more demand cues

- Uncertainties around both supply and demand continue as US President-elect Donald Trump prepares to take office on Jan. 20

30.12.2024 Oil

China set to build world's largest dam in Tibet

China set to build world's largest dam in Tibet

- Beijing estimated to spend some $137B on massive hydropower project

27.12.2024 Hydro

Oil prices settle higher in last week of 2024 amid thin trade during Christmas holiday

Oil prices settle higher in last week of 2024 amid thin trade during Christmas holiday

- Oil trading volume thinned during holiday-shortened week

27.12.2024 Oil

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Oil steady amid China demand optimism, strong US dollar

Oil steady amid China demand optimism, strong US dollar

- Holiday-shortened week leads to thin volumes in oil markets

27.12.2024 Oil

Oil prices up with China demand hopes

Oil prices up with China demand hopes

- Markets experience thin trading volumes due to Christmas holiday

26.12.2024 Oil

Oil up on lower US inflation data, hope of Federal Reserve policy easing

Oil up on lower US inflation data, hope of Federal Reserve policy easing

- US Federal Reserve is expected to maintain higher policy rates for an extended period to curb inflation

23.12.2024 Oil

Oil prices post 3% weekly loss amid strong dollar, China demand fears

Oil prices post 3% weekly loss amid strong dollar, China demand fears

- Expectation that Fed may slow pace of policy rate cut boosts dollar demand

20.12.2024 Oil

Oil prices up with Fed rate cut hopes, US demand surge

Oil prices up with Fed rate cut hopes, US demand surge

- Market participants await US Federal Reserve's policy decision and inflation data releases from Eurozone and UK

18.12.2024 Oil

Oil prices down with global inflation uncertainty

Oil prices down with global inflation uncertainty

- Market players eye monetary policy by several major banks this week to gain insight on inflation

17.12.2024 Oil

Oil prices down over growing supply surplus unease

Oil prices down over growing supply surplus unease

- Expectation of increased demand in world's largest oil consumers, US and China, caps losses

13.12.2024 Oil

China continues to lead in energy transition with low-carbon power: Wood Mackenzie

China continues to lead in energy transition with low-carbon power: Wood Mackenzie

- Solar and wind capacity will exceed coal-fired power generation by 2037, report projects

12.12.2024 General

China’s 5-year urban infrastructure projects may cost $551B

China’s 5-year urban infrastructure projects may cost $551B

- Underground pipelines’ repairs, technological innovation investments, industrial upgrades, as well as efforts in digital economy on agenda

11.12.2024 General

OPEC daily crude output up 0.5% in Nov.

OPEC daily crude output up 0.5% in Nov.

- Global oil demand growth forecast for 2024 is revised down by 210,000 bpd, from previous month's assessment

11.12.2024 Oil

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Chinese battery company CATL and Stellantis announce $4.3B joint venture in Spain

Chinese battery company CATL and Stellantis announce $4.3B joint venture in Spain

- New battery factory could reach up to 50GWh capacity, making it one of Europe’s largest

11.12.2024 General

Oil prices edge up over uncertainty in Middle East

Oil prices edge up over uncertainty in Middle East

- Decisions from major oil producer countries increase demand concerns, limiting upward movements

09.12.2024 Oil

OPEC+ extends oil output cut until end of 2026

OPEC+ extends oil output cut until end of 2026

- Additional voluntary output cut of 2.2 million barrels per day to be gradually eased from April 2025

05.12.2024 Oil

Oil drops amid demand concern and economic slowdown in China and US

Oil drops amid demand concern and economic slowdown in China and US

- Rising expectations that the US Federal Reserve (Fed) might cut interest rates this month limits further price falls

05.12.2024 Oil

Biden concludes Angola visit with focus on railway corridor, regional unity

Biden concludes Angola visit with focus on railway corridor, regional unity

- African leaders join US president in endorsing transformative railway project that challenges Chinese influence in Africa

05.12.2024 General

Oil up over Middle East tension, OPEC+ supply plan

Oil up over Middle East tension, OPEC+ supply plan

- Unexpected build in US commercial crude oil inventories limits upward price movements

04.12.2024 Oil

Russia-China natural gas pipeline starts operation

Russia-China natural gas pipeline starts operation

- East Route pipeline to supply up to 38 billion cubic meters of natural gas annually to approximately 450 million people

03.12.2024 Natural Gas

Oil prices edge higher on Chinese demand optimism, Middle East tension

Oil prices edge higher on Chinese demand optimism, Middle East tension

- Strengthening dollar caps restraining crude oil gains

02.12.2024 Oil

Oil prices down amid potential Lebanon cease-fire deal

Oil prices down amid potential Lebanon cease-fire deal

- As dollar soars, dampening oil demand and driving down prices

26.11.2024 Oil

Oil prices down amid cease-fire expectations in Middle East

Oil prices down amid cease-fire expectations in Middle East

- Economic slowdown in China, the world's largest oil importer, is exerting further downward pressure on oil prices

25.11.2024 Oil

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home > related news

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home > related news

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