The Commodities Feed: Inventory Pressure By Warren Patterson - Feb 15, 2023 Energy - Higher Demand for OPEC Oil Oil prices settled lower yesterday as the market digested the US SPR release ...
Eight key OPEC+ producers on Thuesday agreed to raise combined crude oil output by 411,000 barrels per day, speeding up the pace of their scheduled hikes and pushing down oil prices. The Ice Brent ...
The Organization of the Petroleum Exporting Countries and allies are expected to go ahead with their plan of increasing oil ...
OPEC+ is expected to agree on a plan that would see production for the group increase in May, OPEC+ sources told Reuters on ...
Markets were therefore stunned when OPEC, which produces about 40% of the world's crude oil — along with its non-OPEC allies that together comprise OPEC+ — chose not only to go ahead with its ...
The May hike agreed on Thursday is "equivalent to three monthly increments," OPEC said in a statement, adding that "the gradual increases may be paused or reversed subject to evolving market ...
Eight key OPEC+ producers on Thuesday agreed to raise combined crude oil output by 411,000 barrels per day, speeding up the pace of their scheduled hikes and pushing down oil prices. The Ice Brent ...
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