Tag: OPEC
OPEC+ holds production unchanged, as expected
There was no surprise at Sunday's OPEC+ meeting as the group left production quotas unchanged, as was expected. Hints at the decision were dropped to [...]
Brent Eyes OPEC+ and Russian Oil Price Cap
BRENT CRUDE OIL (LCOc1) TALKING POINTSUSD factors may play a lesser role going into next week.OPEC+ meeting and Russian price cap takes center stage. [...]
‘Source’ says OPEC+ unlikely to change policy at December meeting
Via Reuters, the newswire citing a "source with direct knowledge"
Opec+ decision to meet virtually on Dec 4 signals little likelihood
of policy change [...]
OPEC+ said to consider moving Sunday’s meeting to virtual (now confirmed)
I think the market would take that as a sign of a continuation of current policy but that's a bit of a leap. During the pandemic, OPEC made plenty of [...]
Crude Oil Price Looks Lower on China Lockdown Fears Ahead of OPEC+. Where to for WTI?
Crude Oil, China, Covid-19, OPEC+, Contango, Backwardation, WTI, Brent – Talking PointsCrude oil prices are under pressure on global growth concernsC [...]
Oil jumps into positive territory on report OPEC+ will ‘seriously consider’ output cut
It's turned into quite a day in the oil market.Crude is now positive on the day at $76.91 from a low of $73.60 and it comes after analysts at the Eura [...]
Brent Dampened by China’s COVID, OPEC+ & U.S. Data to Follow
BRENT CRUDE OIL (LCOc1) TALKING POINTSChina’s COVID position deteriorates wounding crude prices.OPEC+ supply could be reduced further.Fed may look to [...]
Brent Bid on API and OPEC+ Ahead of Key US Data
BRENT CRUDE OIL (LCOc1) TALKING POINTSStrong storage data backed by OPEC+ comments.U.S. centric data dominates headlines today along with EIA.$90.00 [...]
Crude Oil Price Whipped Around on OPEC+ Production Speculation. Where to for WTI?
Crude Oil, OPEC+, Saudi Arabia, Contango, Backwardation, Volatility, China – Talking PointsCrude oil prices responded sharply to supply conjectureFut [...]
Forexlive Americas FX news wrap: OPEC production rumor sends crude below year end close
The price of crude oil fell briefly below the closing level for the year at $75.35. The low price reached $75.27. The catalyst was a report that Saudi [...]
Crude Oil Price Jumps Around on OPEC+ and IEA Reports, Data and War Woes
Crude Oil, US Dollar, OPEC+, IEA, OMR, US PPI, Fed, Poland – Talking PointsCrude oil prices face challenges amid unpredictable unfolding eventsReport [...]
Monthly OPEC Report in Focus for Brent
BRENT CRUDE OIL (LCOc1) TALKING POINTSAttention on OPEC monthly oil report (MOMR) later today.Dollar weakness looks to be fading after CPI aftermath. [...]
WTI Rises on Surprising Inventory Drawdown Ahead of OPEC Cuts
US Crude (WTI) Oil AnalysisLower oil stocks and Biden’s SPR confirmation sees a lift in oil pricesWTI crude oil key technical considerations ahead of [...]
UAE energy minister: OPEC+ oil output cut was the right decision
Sure, sure. The endorsement continues after US last week said that the OPEC+ decision to cut oil output was engineered for political reasons instead. [...]
Weekend – OPEC Secretary General said that oil output cuts were a pre-emptive measure
OPEC Secretary General Haitham al-Ghais was speaking on Sunday. the OPEC+ alliance took purely technical decisionsoil output cuts were a pre-emptive m [...]