Tag: OPEC

Brent Bid on API and OPEC+ Forward of Key US Knowledge

BRENT CRUDE OIL (LCOc1) TALKING POINTSRobust storage knowledge backed by OPEC+ feedback.U.S. centric knowledge dominates headlines as we speak together with EIA.$90.00 resistance beneath risk. Really useful by ...

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 OPEC+ production cutIG client sentiment reveals a mixed outlook...

US officials fear Russia oil cap risks failing after OPEC+ output cut

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable...

Fitch says the actual OPEC+ oil output fall will be less than the cuts

Fitch saying what we all already know. Oil producers have been unable to hit their quota production prior to the cuts. Fitch (in brief):OPEC+’s decision to cut production quotas by 2 million barrels...

More n Goldman Sachs raising its oil price forecast – OPEC+ output cut ‘very bullish’

This added update is via Reuters:2022 Brent price forecast to $104 per barrel from $992023 forecast to $110 per barrel from $108 raised its fourth quarter 2022 and first-quarter 2023 Brent price forecast...

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...

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