Saturday, January 25, 2025
Oil falls on U.S.-China tensions over Hong Kong- oil and gas 360

Oil falls on U.S.-China tensions over Hong Kong

CNBC Oil prices fell on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong. A potential deterioration in relations between the world’s two biggest economies could ratchet up the pressure on global businesses and oil demand already weakened by the coronavirus pandemic. Brent crude fell $1.69, or 4.7%,

OPEC+ must plan exit strategy: Kemp- oil and gas 360

OPEC+ must plan exit strategy: Kemp

Reuters LONDON – Saudi Arabia and its allies in the expanded OPEC+ group of oil-exporting nations have only just started to implement output cuts, so it might seem premature to start talking about the need for an exit strategy. But an important part of being a successful market manager is about knowing when to increase production and capacity to forestall