MON: BoJ SOO, Bank of Israel Announcement, Japanese Tankan Survey (Q3), Swiss CPI (Sep), EZ/UK/US Final Manufacturing PMI (Sep), US ISM Manufacturing PMI (Sep)TUE: RBA Announcement, US Durable Goods (Aug)WED: RBNZ Announcement, South...
(Bloomberg) — OPEC+ has begun discussions about lowering oil output when it meets next week, as a fragile global economy continues to weigh on crude prices.
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WTI Crude Oil News and Analysis‘Supply cut’ comments rattle oil markets ahead of inventory dataRSI indicator suggests the recent pullback may be short-lived – downtrend very much intactOil-focused data: API and EIA inventory...
(Bloomberg) — Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said.
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(Bloomberg) — OPEC+ is unlikely to increase output in the coming months because of limited spare capacity, according to the International Energy Agency.
Furthermore, the “largely symbolic” 100,000 barrel-a-day hike promised for September may...
(Bloomberg) — OPEC+ responded to months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history.
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