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Week Ahead: OPEC+, RBA, BOC, and China CPI

Although this may be a light week for economic data, there are plenty of events taking place that could cause the markets to be volatile.

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December 2, 2022 04:16 PM
Oil rig in the sea

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.

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November 30, 2022 11:05 AM
Energy

Crude oil takes another plunge

This time on report that the OPEC+ to discuss production hike by 500K bpd

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November 21, 2022 11:00 AM

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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.

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October 5, 2022 11:50 AM
Oil rig on an grey day

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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October 5, 2022 11:50 AM
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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.

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October 5, 2022 12:49 AM
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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.

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October 5, 2022 12:49 AM
Oil rig in the sea

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.

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October 3, 2022 04:13 PM
Oil rig in the sea

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.

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October 3, 2022 04:13 PM
Oil extraction

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...

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August 30, 2022 10:42 AM
Oil rig on an grey day

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.

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August 23, 2022 03:22 PM
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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...

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August 3, 2022 12:47 PM
Oil rig in the sea

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.

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August 1, 2022 03:04 PM
Oil rig on an grey day

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.

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June 27, 2022 03:39 PM
Oil rig on an grey day

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.

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June 2, 2022 11:59 AM

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.

Oil rig in the sea

Oil dips below $90 as Russia turns down the heat. What’s next?

If Russian/Ukraine tensions escalate, or if OPEC+ can’t keep up with their quotas, price may increase once again.

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February 8, 2022 10:59 AM

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Energy

OPEC Preview: Is Oil on its way to $100 even with a 400,000bpd increase?

With geopolitical tensions building in Russia, even an “as expected” result may not be able to keep oil prices from continuing to rise.

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January 31, 2022 04:13 PM
Oil extraction

OPEC+ hiking output as planned, but it may not be for long: WTI, USD/NOK

If the Omicron variant turns out to be worse than currently expected, WTI could be back at Thursday’s lows very soon!

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December 2, 2021 04:10 PM

OPEC+: No more oil for you!

Members agreed to keep the current oil output at an increase of 400,000 bpd for December, despite a call by some countries for more supply

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November 4, 2021 03:40 PM
Oil rig on an grey day

Oil Slips Ahead of OPEC+ Meeting

Oil prices fell to a 4-week low overnight, during their most bearish session in 3-months.

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USD/NOK getting knocked around

There are many variables in play this week which already have USD/NOK up 1.5% this week.

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November 2, 2021 05:08 PM
Energy

After all the talk, OPEC+ to stay the course on supply

If WTI Crude Oil is going to continue to move higher, it must pass through strong resistance near current levels.

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September 1, 2021 12:08 PM