Bloomberg
Goldman's Currie Says OPEC Cuts to Push Oil Into Low $90s
Jeff Currie, global head of commodities research at Goldman Sachs, predicts that OPEC's planned production cuts will drive crude oil prices higher within a year. "You're going to be seeing substantial physical inventory draws because of...
Press Association
Four Just Stop Oil protesters arrested in central London
Four Just Stop Oil protesters have been arrested after refusing to leave the road while demonstrating in central London. Slow-walking protesters were instructed to leave the road in Trafalgar Square shortly after 12.30pm on Thursday....
Bloomberg
China Most Important on Oil Demand, IEA's Birol Says
International Energy Agency Executive Director Fatih Birol sees China as the "most important" uncertainty in the global oil market as production cuts from OPEC+ may put upward pressure on prices. He speaks with Francine Lacqua on...
Press Association
Starmer vows to strengthen role of trade unions
Labour leader Sir Keir Starmer vowed to “strengthen the role of trade unions and our society” and to urge Amazon and other businesses to recognise them during a speech at the GMB conference in Brighton.
Bloomberg
Saudi Thinks It's the 'Central Bank of Oil,' Yergin Says
Daniel Yergin, S&P Global Vice Chairman, talks about why Saudi Arabia is cutting oil production by one million barrels-a-day starting in July. He speaks with David Westin and Romaine Bostick on "Wall Street Week Daily."
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Bloomberg
Oil's Upside Is Limited, Saxo Bank's Hansen Says
Saudi Arabia is unlikely to announce further cuts in oil production, according to Ole Sloth Hansen, head of commodity strategy at Saxo Bank, because it would risk yielding market share to other producers. "These voluntary cuts have...
Bloomberg
Saudis Pledge Million-Barrel Cut at OPEC+ Meet; Oil Surges
Saudi Arabia has pledged an extra 1 million barrel-a-day oil supply cut in July to stabilize the market following an OPEC+ meeting over the weekend. Oil jumped after the announcement. Su Keenan reports on Bloomberg Television.
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Bloomberg
India Imports of Russian Oil Set Record
OPEC+ is preparing to meet in Vienna this weekend. Members are grappling with a divided oil market. India is importing cheap Russian oil, bringing in nearly 2 million barrels a day in May. Rakesh Sharma reports on Bloomberg Television.
Bloomberg
OPEC+ to Grapple With Divided Oil Market
OPEC+ will be grappling with a divided oil market when it meets this weekend as crude inventories shrink and while China's weakening recovery and US recession concerns embolden the bears. Ben Sharples reports on Bloomberg Television.
Bloomberg
OPEC Excludes Bloomberg, Reuters and WSJ From Meeting
The Organization of Petroleum Exporting Countries, or OPEC, hasn't invited reporters from Bloomberg, the Wall Street Journal and Reuters to cover the group's meetings this weekend in Vienna. Manus Cranny reports on Bloomberg...
Bloomberg
Saudi Arabia Shouldn't Worry About Oil Speculators, Sankey Says
Russia is a bigger threat to Saudi Arabia when it comes to oil prices and not oil speculators, says Paul Sankey, a veteran industry analyst. He's on "Bloomberg Surveillance."
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Press Association
Protesters gather outside Shell annual general meeting at Excel centre
Climate protesters have gathered outside the Excel centre in east London ahead of oil giant Shell’s annual general meeting. Groups include Christian Climate Action, a branch of Extinction Rebellion; Catholic protest group Laudato Si’...
Bloomberg
Oil Speculators Should 'Watch Out': Saudi Energy Min.
Saudi Arabia's top energy official, Prince Abdulaziz bin Salman, issued a warning to oil short-sellers, just over a week before the OPEC+ alliance is due to meet. "I would just tell them: 'Watch out!'" He spoke at the Qatar Economic...
Bloomberg
BofA's Blanch Says Oil Heading Toward $90 a Barrel in Second Half
Francisco Blanch, head of commodities research at Bank of America, says oil prices are set to rise due to a looming supply deficit. "We'll get back up over $80 in the second half of the tear, toward $90," Blanch said Friday on "Bloomberg...
Bloomberg
Oil Demand to Top Estimates on China Rebound: IEA
The International Energy Agency sees world fuel consumption increasing by 2.2 million barrels a day in 2023 as a post-pandemic rebound in China beats expectations. IEA Head of Oil Market Division Toril Bosoni joins Francine Lacqua on...
Bloomberg
Oil Set for Worst Week This Year
Oil is headed for the biggest weekly loss this year after banking turmoil rippled across global markets. Ben Sharples reports on Bloomberg Television.
Bloomberg
"Lets Take This One Day at a Time": Hochstein
Special Presidential Coordinator for Global Infrastructure and Energy Security, Amos Hochstein, discusses the effects of the banking crisis on the energy sector. He also talks about the Willow Project and gives his thoughts. He speaks...
Bloomberg
Oil Market Moves to Surplus on Russian Crude Flows: IEA
Global oil stockpiles climbed to the highest in 18 months as Russian production defies predictions of a slump while fuel demand slowly picks up, according to the International Energy Agency. IEA Head of Oil Industry & Markets Division...
Bloomberg
Energy Chief Defends Allowing Alaska Oil Drilling
US Energy Secretary Jennifer Granholm defended the Biden administration's decision to approve an $8 billion ConocoPhillips oil drilling project in Alaska, even as the White House pushes for more clean energy usage. Environmentalists and...
Bloomberg
Time Now to Re-establish Bullish Positions in Oil: Hynes
Daniel Hynes, senior commodity strategist at Australia & New Zealand Banking Group Ltd., discusses how the banking crisis in the US and Europe is impacting energy markets, China's reopening and his outlook for gold. He speaks on...
Bloomberg
Expect Brent to Reach $85 a Barrel for 2023: Darling
Scott Darling, managing director at Haitong International, discusses the results of China's energy companies, where he's finding opportunities in the energy sector and his outlook for oil. He speaks on Bloomberg Television.
Bloomberg
Beveridge: Set Up for 2H Looking Constructive for Oil
Neil Beveridge, senior oil analyst at Sanford C. Bernstein, discusses the impact China's reopening has on oil companies, his outlook for oil prices and where he's finding opportunity in the energy space. He speaks on Bloomberg Television.
Bloomberg
Shih: See Oil at $80-$100 a Barrel Later This Year
Ken Shih, head of wealth management for Greater China at Saxo Markets, discusses the volatility in the oil market, oil prices and what the prices mean for central banks. He speaks on Bloomberg Television.
Bloomberg
Oil Could Hit $100 in Second Quarter, Amrita Sen Says
Amrita Sen, the chief oil analyst at Energy Aspects, says that the second half of the year was going to "very bullish," pushing oil to $100 as long as the global economy was resilient. She speaks on "Bloomberg Markets."
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