Tag: barrel

Oil ICYMI – EU considers capping Russian diesel value at $100 a Barrel

In a single day piece from Bloomberg (gated). In abstract:The European Union is floating a plan to cap the value of Russian diesel at $100 a barrel From February 5 (the identical date...

US plans to signal replenishing the SPR at $67-72 per barrel

Reuters is reporting that the US will signal a willingness (plan?) to replienish the strategic petroleum reserve in the $67-72 range. The idea is that they want private companies to continue to drill...

US Treas Sec Yellen says Russia could profitably sell oil at prices circa $60 / barrel

> US Treas Sec Yellen says Russia could profitably sell oil at prices circa $60 / barrel ...

OPEC+ Defies Washington, Agrees 2 Million Barrel Output Cut

Crude oil prices form a clear trend after OPEC confirmed a 2 million barrel cut. The cryptocurrency market has managed to maintain a steady market capitalization for consecutive weeks. Despite strong price climbs, the DAX...

Oil – An OPEC+ 1mn barrel / day output cut “would tighten the market considerably”

In brief summary comments on oil via ANZ. Crude oil prices rallied sharply as expectations of a large cut to OPEC production rose. The OPEC+ alliance is due to meet in Vienna on...

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