OPEC

Russia might be able to boost oil production quickly once the Organization of the Petroleum Exporting Countries and its allies (OPEC +) agree to ease production cuts, Bloomberg reported, citing analysts. "Russia could…
Read More...

After a modest rebound on Tuesday, the WTI (Nymex futures) turns negative as bears test the $ 73.00 level. The renewed weakness in US oil comes after Reuters released details of a confidential report, citing that an…
Read More...

USD / CAD regains some positive traction on Monday, although it lacks continuation buying. A modest decline in oil prices weighs on the CAD and supports the rally in the pair. Mixed signals on US inflation and…
Read More...

OPEC and its allies (OPEC +) are discussing a possible new increase in oil production from AugustReuters reports, citing sources with knowledge of the matter. Earlier in the day, Bloomberg reported that Russia…
Read More...

The OPEC and its allies (OPEC +) expect oil reserves to fall further in the coming months, said the Secretary General of OPEC, Mohammad Barkindo, in a virtual appearance at the Nigerian International Petroleum Summit.…
Read More...

WTI returns part of the previous week's earnings on Monday. Oil recedes amid lower crude oil imports from Asia The rally in the US dollar is weighing on crude oil prices. The crude oil retreats from highs and it moves…
Read More...

OPEC and non-OPEC producers, the group known as OPEC +, agreed to stick to the existing plan to ease crude production cuts in June and July, Reuters reported Tuesday, citing sources familiar with the matter. The group…
Read More...

A combination of supporting factors brought WTI crude oil to the highest level since October 2018. Prospects for a strong recovery in demand, risk appetite continued to support momentum. Expectations of an increase in…
Read More...

In its last monthly report, the Organization of Petroleum Exporting Countries (OPEC) left unchanged its forecast for world oil demand growth for 2021 at 5.95 million barrels per day (bpd), Reuters reported. OPEC cut…
Read More...

Crude oil extends gains on Wednesday at the start of the European session. API records fall in US crude inventories, signal an increase in energy demand. A moderate US dollar also supports oil prices. Oil prices…
Read More...