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Multi-Sided Platform For Instant Purchases And Sales In Commodity Markets
... accessibility of these sites for more potential consumers to a significant level.
Provide sellers and consumers with analytic tools, using artificial intelligence.
Reduce the time of the transaction of purchase and sale of the required products.
The oil product market does not stay on the sidelines of digitalization. Aksa et al. (2021) note that the emergence of various digital platforms, with different product content and available functionality, leads to the formation of its own digital ecosystem, which develops ...
OPEC+ vs Trump: Why Oil Prices Aren't Dropping and What Threats Against Russia Have to Do With It
... remain high despite the OPEC+ standoff and Trump's influence, as well as the role of threats directed at Russia.
Eight OPEC+ countries have announced a new increase in oil production for September, effectively ending their plan to adhere to voluntary production restrictions ahead of schedule. However, the market barely registered this change, as oil prices remained relatively stable. On one hand, OPEC+'s generous output increases are exerting downward pressure on prices, while on the other hand, threats from U.S. President Donald Trump to impose new sanctions are pulling prices upward. Forbes ...
An expert predicted a rise in oil prices due to a reduction in production in Libya.
... expert referred to data from the Energy Information Administration (EIA), which showed that global demand for oil, gas condensate, and other liquid hydrocarbons in Q2 2024 exceeded production by 720,000 bpd.
"Due to the shortage on the global market, commercial oil and petroleum product stocks in OECD countries dropped by 28,000 barrels, which is almost 30% equivalent to the daily global demand. This, in turn, slightly boosted price growth: the average price of Brent oil increased from $82 to $85.3 per barrel from May to July ...
Will production fall in Iran and Venezuela? Should the market expect a sharp rise in prices or increased competition among exporters?
Sergey Tereshkin's column for INFOTECH.
In the article "Will Oil Production Decline in Iran and Venezuela? Should the Market Expect Sharp Price Growth or Increased Competition Among Exporters?" the author analyzes the current geopolitical events affecting oil production in these countries. The article discusses how the political crisis in Venezuela and the escalation ...
Energy Sector News – August 9, 2025: India Responds to US Pressure, Stabilization of the Oil Market
... China took advantage of the declining prices to record levels of strategic stock replenishment (approximately up to 0.9 million b/d directed to reserves). These trends absorb some of the supply in the market and mitigate the effect of increased OPEC+ production.
Thus, the oil market has entered a phase of relative stabilization. Prices are consolidating around current levels, and future dynamics will depend on whether concerns about surplus outweigh the supply reduction factor and shortages of specific fuel types (e.g., diesel) ...