(OPEC) OPEC+ is forecasting that oil demand will average 99.49 million barrels per day in the fourth quarter of 2021, down 330,000 bpd from October's forecast. OPEC+ cites high energy…
(Bloomberg) OPEC+ could clash with the US over its decision to stick with a gradual increase in oil output against calls by President Biden for higher production. The US is…
(Bloomberg) The inability of some OPEC+ members to increase oil output is forcing the cartel to settle for a larger crude supply deficit. Countries that include Nigeria, Angola, and Azerbaijan…
(OPEC) OPEC+ members have agreed to stick with a scheduled 400,000 barrel-a-day supply hike for November. The news pushed West Texas Intermediate crude up by about 2.4% to $77.68 a…
Dollar firms near one-year highs.NZDUSD bounced back on easing Covid restrictions.AUDUSD under pressure amid Evergrande pitfall concern.Oil prices retreat ahead of the crucial OPEC meeting.U.S. equities on the recovery mode.Bitcoin…
(OPEC) The new long positions on combined futures and options in Brent crude stood at 273,894 lots in the week ending August 31, after a fall of 12.1% or 37,765…
U.S. dollar weakness persists after big ADP miss.GBPUSD is struggling to capitalize on dollar weakness.EURGBP rallies to one-month highs on euro strength.Oil prices edge lower on the demand-supply imbalance.U.S. equities…
(Bloomberg) Brent crude hit the ceiling near $72 as investors took time to digest OPEC+ plan to boost output by 400,000 barrels a day from October. The pause in oil…
(EIA) The US Energy Information Administration has downgraded the energy outlook in 2022 by 20,000 b/d to a lower level of 101.8 million b/d. EIA revised the world average petroleum…
(CNBC) Analysts are predicting higher oil prices after OPEC+ agreed to raise output by 400,000 barrels a day. The analysts’ projection came even as oil fell by more than 2%…
(IEA) International Energy Agency expects global demand for oil to hit pre-pandemic levels towards the end of next year. IEA expects sustained Covid devastation and low inoculations in several parts…
Brent crude futures jumped by about 2.7% on Tuesday to trade at $71.17 a barrel after OPEC+ agreed on gradual easing of output cuts, CNBC reports. OPEC+ agreed to boost…