News with the tag "OPEC"

In a move that has sent ripples through the global energy landscape, the Organization of the Petroleum Exporting Countries (OPEC) has announced a substantial increase in oil production. But what does this mean for you, the crypto enthusiast, and the broader digital asset market? While seemingly unre...

Crude oil markets are currently in a state of watchful waiting. Like a coiled spring, WTI futures are holding just above the $70 mark, as investors worldwide hold their breath for any signs of progress from the anticipated Russia-Ukraine peace talks. Will these talks bring relief to global energy pr...

Cryptocurrency markets often mirror traditional financial markets, and shifts in commodities like oil can signal broader economic trends. Today, oil prices today are facing renewed downward pressure, according to a fresh analysis from ING. This could have ripple effects across various asset classes,...

During the recent AI Action Summit in Paris, EU President Ursula Von der Leyen pledged that the bloc would accumulate $206 billion (200 billion Euros) for investments into artificial intelligence in the region. The amount raised will combine 150 billion to be raised by investors and the industry and...

Inflation in the U.S. may seem to be cooling but don’t start celebrating yet. Sure, annual price increases have dropped closer to the Federal Reserve’s 2% target, but inflation has a nasty habit of staging a comeback when you least expect it. Remember the 1970s? Policymakers thought they had inflati...

The Saudi Arabian government is reportedly on the verge of flooding the global market with oil supply if the Organization of Petroleum Exporting Countries (OPEC) does not commit to reducing oil flow. The imminent oil supply influx could send oil prices dipping to as low as $50 per barrel. The move c...

The HopeCard, a protocol integrated into the HOPE Ecosystem, serves as a mediator between Web2 and Web3 platforms, facilitating cryptocurrency … Continued The post HopeCard public beta goes live connecting Web2 and Web3 for crypto users appeared first on Finbold .

Christyan Malek, the lead for EMEA energy equity research at JPMorgan, predicts that by 2026, crude oil prices could soar to $150 a barrel. Malek believes a looming energy supercycle could be the driving force pushing crude prices upward. Another significant factor, Malek points out, is the “institu...

The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record quantities of...

Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota f...