Tag: OPEC
Recovery Continues as Expectations for OPEC Cuts Grow
OIL PRICE FORECAST:Oil Recovery Now Up 7%+ from Last Week's Lows with $80 a Barrel Now in Sight.Speculation Continues to Mount Around Further Supply C [...]
Recovery Continues as Expectations for OPEC Cuts Grow
OIL PRICE FORECAST:Oil Recovery Now Up 7%+ from Last Week's Lows with $80 a Barrel Now in Sight.Speculation Continues to Mount Around Further Supply C [...]
Is OPEC+ considering output cuts? White House adviser says Arab states won’t weaponize oil
Ahead of oil futures trading opening for the week, there is some chatter about that OPC+ will not be considering further reductions in output at their [...]
Oil Slides on US-Venezuela Deal and OPEC Silence on Embargo Calls
OIL PRICE FORECAST:Oil Struggled in the European Session as Market Participants Weighed the Prospects of the US-Venezuela Deal.OPEC Remains Silent Fol [...]
OPEC Raises Demand Forecast as Middle East Tensions Boost WTI/Oil Prices, What Now?
OIL PRICE FORECAST:Most Read: What is OPEC and What is Their Role in Global Markets?Oil prices have held relatively steady through the European sessio [...]
Brent and WTI Oil Push Higher After OPEC Maintains Growth Forecasts
Oil (Brent Crude, WTI) News and AnalysisOPEC maintains 2023/24 oil demand growth and economic growth forecastsBrent crude oil receives lift after the [...]
OPEC Monthly Report Points to Tighter Oil Market, Cuts Continue
Oil (WTI, Brent Crude) AnalysisOPEC’s demand forecast suggests tight oil market into year endBrent crude oil pulls back from resistance as bullish mom [...]
Saudi cabinet affirms support for OPEC+ precautionary efforts
The Saudi cabinet says the Kingdom will continue boosting OPEC+ precautionary efforts to support stability in oil markets.WTI fell as much as $2 today [...]
Oil Price Remains Bid Ahead of OPEC+ Meeting, US NFPs
Oil Prices, Charts, and AnalysisOil bolstered by Saudi Arabia, Russia output cutsOPEC+ meeting and US Jobs Report later.
Recommended by [...]
OPEC+ Supply Expectation Sustains Key Crude Oil Benchmarks
CRUDE OIL ANALYSIS & TALKING POINTSWhere to next for OPEC+?USD looks to NFP for guidance on Fed monetary policy.Overbought zone on both WTI and B [...]
Crude Oil Punches Higher as OPEC+ Cuts Bite and Economic Outlook Brightens
Crude Oil, WTI, Brent, OPEC+, Fed, China, RBOB Crack Spread, Backwardation – Talking PointsCrude oil is on the front foot going into August after an [...]
Attention Shifts to OPEC Production Cuts
BRENT CRUDE OIL ANALYSIS & TALKING POINTSUS core PCE dampens hawkish rhetoric.China and US economic data in focus next week.How long can bulls su [...]
Crude Oil Firms on OPEC+ Intentions and API Data. Will WTI Break the Range?
Crude Oil, WTI, OPEC+, Fed, ECB, China, API, OVX, Crack Spread – Talking PointsCrude oil is pushing to the top end of the range going into the Thursda [...]
WTI and Brent Trickle Higher as OPEC Seminar in Vienna Kicks Off
WTI PRICE, CHARTS AND ANALYSIS:
Recommended by Zain Vawda
Download the Newly Released Q3 Forecast on Oil Now
Most Read: [...]
Crude Oil Range Bound Ahead of OPEC+ Gathering and FOMC Minutes
Crude Oil, WTI, Brent, US Dollar, FOMC, China, Hang Seng Index - Talking PointsCrude oil prices appear to be looking for direction as markets eye OPE [...]