Tag: OPEC
USOIL jumps over 2% ahead of Fed decision
USOIL crude oil futures rose above $70 per barrel on Monday, extending the 1.4% gain from the previous week, fuelled by ongoing disruptions...
USOIL Enters Consolidation Phase Between 200-Day EMA and Trendline
Crude oil continues to trend downward as geopolitical tensions in the Middle East ease. This removes concerns about world supply, although demand appears to...
Unpacking WTI Crude’s Recent Price Shifts
WTI crude oil witnessed a discernible retreat, influenced by several converging factors that underscore the intricate dynamics shaping the oil market. The appreciating value...
US oil after JMMC: between higher spending and an energy war
In July, OPEC’s crude production tumbled by the most in three years (-900k) to an average of 27.79 million bpd as Saudi Arabia implemented...
USOil surges as supply tightens
Following Saudi Arabia's Energy Ministry announcement, that it will extend its voluntary production cut by one million barrels per day until September, with the...
May the Supply be with you – OPEC & Oil
The 8th OPEC International Seminar is underway in Vienna and the participants are doing their utmost to validate their actions (production cuts) as effective...
