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OPEC+ preview: Will OPEC+ cut production again?
According to recent “sources”, OPEC+ is likely to leave production unchanged when it meets virtually on December 4th.
Crude oil takes another plunge
This time on report that the OPEC+ to discuss production hike by 500K bpd
OPEC+ agrees to a 2,000,000bpd cut!
How much higher will Brent Crude go? It may depend of the size of the energy crisis that is brewing throughout Europe, as well as the extend to any type of price cap placed on Russian oil.
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OPEC+ agrees to a 2,000,000bpd cut!
How much higher will Brent Crude go? It may depend of the size of the energy crisis that is brewing throughout Europe, as well as the extend to any type of price cap placed on Russian oil.
European Open: DAX to extend its countertrend bounce? OPEC in focus
Whilst futures markets point towards a retracement against yesterday’s gains across European cash markets, we’re looking for support to hold and break above yesterday’s highs.
European Open: DAX to extend its countertrend bounce? OPEC in focus
Whilst futures markets point towards a retracement against yesterday’s gains across European cash markets, we’re looking for support to hold and break above yesterday’s highs.
OPEC+ Preview: Will 1,000,000 bpd cut it?
If OPEC+ cuts 1,000,000bpd, be careful of a “buy the rumor, sell the fact” trade.
OPEC+ Preview: Will 1,000,000 bpd cut it?
If OPEC+ cuts 1,000,000bpd, be careful of a “buy the rumor, sell the fact” trade.
Crude oil: WTI reversing yesterday’s surge, OPEC+ on tap next week
With most producers already operating at or above capacity and growing signs that the global economy may be slowing, some reduction of supply is looking increasingly likely in the coming months...
Crude Oil continues bounce on OPEC comments
Comments from OPEC+ officials regarding possible supply cuts are currently outweighing fears of a recession. As a result, the price of WTI Crude Oil is moving higher.
WTI: OPEC+ and inventories send US oil on a rollercoaster ride
Oil prices are on the verge of breaking below strong previous support at the 93.00 level...
WTI lower, but it has little to do with the upcoming OPEC+ meeting
With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.
Two trades to watch: GBP/USD, Oil
GBP/USD rises as USD eases ahead of PCE inflation. Oil steadies ahead of OPEC+ announcement.
OPEC preview: Will OPEC+ increase output in August?
When OPEC+ meets later this week, it is unlikely to increase output more than the expected 648,000 bpd.
OPEC + hikes output more than expected
The rumors are still making the rounds that OPEC+ may suspend Russia and that Saudi Arabia may increase production as price continues to soar.
Oil slips on the last day of (another good) month ahead of OPEC
Whilst oil prices rallied for six consecutive months for the first time in 11-years, its last day of the month was a bit of a let-down for the bull camp.
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Two trades to watch: #USDCAD falls ahead of speeches by Fed Chair Powell & BoC's Macklem Will #Gold fall after Powell's speech? Read more: https://t.co/oWyPY8VEh9 https://t.co/aHF4uMcQO0
8:12 AM − 07 Feb 2023
Asian Open: Keep an eye on AUD/JPY with sentiment on the back ropes
It was a volatile session for investors overnight which saw US indices trade sharply lower, with AUD/JPY showing the potential for a swing high.
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OPEC+ set for existing deal despite China, overcompliance concerns
The OPEC and its allies (OPEC+) are continuing to slowly relax the output cuts they introduced in 2020
Don't expect OPEC+ to come to oil's rescue
OPEC+ are unlikely to raise output above the current small increase when they meet on Thursday, despite oil prices trading firmly above $100 per barrel.
A complete guide to the Organization of the Petroleum Exporting Countries (OPEC)
Meetings and policy changes from OPEC are key drivers of oil prices, so it’s important to understand how the organisation works and how it can impact your positions on oil markets. Find out everything you need to know about OPEC in our one-page guide.
Two trades to watch: Oil, EUR/USD
Oil surges as sanctions hit, OPEC in focus. EURUSD extends decline ahead of EZ inflation, Fed Powell testimony.
Oil rises on Russia sanctions, OPEC+ meeting comes into focus
Oil prices rise on supply disruption fears as Russian banks are excluded from SWIFT. OPEC+ meet on Wednesday, will they upwardly revise production targets to ease a very tight market?
Geopolitical tensions, tight supply, strong demand drive oil higher
Oil prices have rallied 20% so far this year. Here we look at what's behind the latest moves in oil as it looks towards $100 per barrel.