Monday, June 2, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World

Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say

12 November 2024
in World
0 0
Oil could plunge to  in 2025 if OPEC unwinds voluntary production cuts, analysts say
Share on FacebookShare on Twitter



Market watchers are predicting a bearish outlook for crude oil prices, with fears of a drastic fall if OPEC+ unwinds its existing output cuts. Tom Kloza, global head of energy analysis at OPIS, warns that oil prices could plummet to $30 or $40 a barrel without a real agreement to curb production, potentially erasing around 40% of current prices. Currently, global benchmark Brent is trading at $72 a barrel, while U.S. West Texas Intermediate futures are around $68 per barrel.

Full Article

Tags: Analystsbusiness newsCommodity marketscutsEnergyoilOil and GasOPECplungeProductionUnited Statesunwindsvoluntary
Previous Post

Chinese hackers target Tibetan websites in malware attack, cybersecurity group says

Next Post

Trump to name former Arkansas Gov. Mike Huckabee as ambassador to Israel

Related Posts

Gambling has never been easier in the US — that’s a problem
World

Gambling has never been easier in the US — that’s a problem

by My News Wave
2 June 2025
0

The rise of online gambling in the U.S. has led to a significant increase in problem gambling, with individuals like Kayla, 25, accumulating debts of $40,000 from online games like solitaire. Following a 2018 Supreme Court ruling that legalized sports betting in 38 states, online wagers surged to $121.1 billion in 2023, exacerbating addiction issues, particularly among younger populations. Experts advocate for regulation and protective measures, such as self-imposed limits and consumer tools, to mitigate...

Read more
EU clears venture overseeing fighter jet project
Europe

EU clears venture overseeing fighter jet project

by My News Wave
2 June 2025
0

The European Commission has approved a joint venture among BAE Systems (UK), Leonardo (Italy), and the Japan Aircraft Industrial Enhancement Co for the production of a next-generation fighter jet, responding to concerns over reliance on US defense equipment. This initiative, part of the Global Combat Air Programme, aims to have aircraft operational by 2035, enhancing defense capabilities against rising threats from Russia and China. The UK's recent defense plan includes substantial investments in modernization, highlighting...

Read more
Boulder fire attack suspect named and Ukraine claims massive strike on Russia: Morning Rundown
USA

Boulder fire attack suspect named and Ukraine claims massive strike on Russia: Morning Rundown

by My News Wave
2 June 2025
0

In Boulder, Colorado, a man named Mohamed Sabry Soliman attacked a demonstration supporting Israeli hostages, using a makeshift flamethrower and shouting “free Palestine,” resulting in eight injuries, with charges including two counts of first-degree murder anticipated. Meanwhile, the Supreme Court is under scrutiny as it begins its ruling season, having already issued significant decisions via a “shadow docket” related to the Trump administration. Additionally, Ukraine claims to have executed a massive drone strike on over...

Read more
Moment Scottish gangster chased through his Spanish pub and shot dead
UK

Moment Scottish gangster chased through his Spanish pub and shot dead

by My News Wave
2 June 2025
0

A Scottish gangster, Ross Monaghan, 43, and his associate Eddie Lyons Jnr were shot dead in a pub in Fuengirola, Spain, during a Champions League final viewing. The gunman first shot Lyons outside the pub before entering and shooting Monaghan at close range. Witnesses reported chaos as bystanders fled, and the assailant escaped on foot before getting into a getaway car; police have yet to make any arrests, and investigations suggest British nationals may be...

Read more
No system to track, train lying police, lawyer says after another scathing decision
Canada

No system to track, train lying police, lawyer says after another scathing decision

by My News Wave
2 June 2025
0

A man discovered in a parking lot with drugs, a dangerous prohibited handgun, and an over-capacity magazine has been released due to violations of his Charter rights by two Ottawa police officers, who also lied in court regarding the situation. His defense lawyer has suggested that a system be established to inform officers when such breaches occur. This case highlights significant concerns about police conduct and the integrity of the legal process in relation to...

Read more
UN chief calls for probe into deaths near Gaza aid site
Middle East

UN chief calls for probe into deaths near Gaza aid site

by My News Wave
2 June 2025
0

UN Chief Calls for Investigation into Gaza KillingsUN Secretary-General Antonio Guterres has urged an independent investigation into the deaths of at least 31 Palestinians, reportedly killed by Israeli gunfire near a US-backed aid center in Rafah, Gaza. Eyewitnesses described attacks from drones and tanks, while the Israeli military denied firing at civilians and suggested Hamas was spreading false information. Amid ongoing humanitarian concerns and failed ceasefire negotiations, the conflict has resulted in significant casualties on...

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Gambling has never been easier in the US — that’s a problem
  • EU clears venture overseeing fighter jet project
  • Phoenix Mercury sign former Dream guard after injuries to star players
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In