Tag: output

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...

US EIA cuts estimates for US crude oil output

Oil is struggling today on demand worries but supply will be the story next year.The latest numbers from the EIA peg US output rising 500,000 barrels per day this year versus 540,000 bpd...

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...

Crude Oil Prices Eye Best Week Since Ukraine Was Invaded, OPEC+ Cuts Output Before NFPs

Crude Oil, WTI, OPEC+, DOE Inventory Data, NFPs - Talking Points:WTI crude oil prices are heading for the best week since late FebruaryOPEC+ output cuts, shrinking DOE inventories propel oil on WednesdayAhead, oil...

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