Tag: OPEC

Crude Oil Prices Eye OPEC Meeting as Markets Weigh Rising Rates

Crude Oil, WTI, Brent, OPEC, Inventory Data, COT Positioning – Talking PointsWTI crude and Brent crude oil prices benefit from a speculative OPEC+ production cutGlobal rate hikes to continue this week (RBA &...

OPEC+ plans to discuss 1 million-barrel output cut as demand slows

(Bloomberg) — OPEC+ will consider cutting oil output by more than 1 million barrels a day, according to delegates, when it meets in person on Wednesday for the first time in more than...

Goldman Sachs forecast a ‘front-loaded’ rise in the oil price on a 1mn bbl/day OPEC+ cut

OPEC+ is widely expected to announce it'll cut its oil output by 1mn (or more) barrels per day at Wendesday's meeting:Goldman Sachs on why OPEC+ wpould cut:"The collapse in investor participation, driving liquidity...

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...

OPEC Source: OPEC+ Discusses Potential Oil Output Cut In Excess Of 1 Million Barrels/Day

The OPEC+ group of oil producers is discussing potential output cuts of more than 1 million barrels per day (bpd), an OPEC source said, excluding any voluntary cuts by individual members."It may be...

Crude Oil Price Rallies as Traders Mull Sizeable OPEC+ Cuts This Week

Crude Oil, Chart, and AnalysisTalk that OPEC+ are considering a one million barrel per day cut, or more.Oil turns higher despite global slowdown fears. Recommended by ...

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