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Daily (29.03.2023): Escalating concerns about French nuclear availability lent support to British forward gas prices on Tuesday
Oil prices gained ground on Tuesday, supported by renewed risk appetite among investors and the halt of oil imports from Iraqi Kurdistan by Turkey (around 450,000 barrels per day). Thus, Brent crude edged 0.7% higher to settle at $78.65 a barrel, while WTI crude added 0.5% to end at $73.20 a barrel.
read more... 29/03/2023
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The IEA Expects Global Oil Demand Hit A Record High In 2023
Global oil demand is set to increase by 2 million barrels per day (bpd) this year, pushed up by growth in Chinese consumption after the reopening, the International Energy Agency (IEA) said on Wednesday as it raised its 2023 demand growth estimate by 100,000 bpd from last month’s forecast.
read more... 16/02/2023
Oil prices could fall without further OPEC cut
LONDON, Dec 1 - OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but some analysts believe that crude prices could fall if the group does not make further cuts.
read more... 02/12/2022
Daily (02.11.2022): WTI oil price rose following OPEC agreement to cut output by 2 million barrels per day.
Oil prices were volatile on Tuesday, as the market is still processing China's bad economic data. Consequently, Brent crude edged 0.1% lower at $94.65 a barrel. However, WTI oil rose by 2.1% to $88.37 a barrel, following OPEC+ agreement and his allies to cut the output by 2 million barrels per day.
read more... 02/11/2022
Daily (04.10.2022): Oil prices increased on Monday as OPEC discussed cutting production
Oil prices increased on Monday as OPEC+ discussed cutting production by more than 1 million barrels per day (bpd) to support prices. If implemented, this would be the group's largest drop since the COVID-19 pandemic's beginning. Thus, Brent crude settled 1% higher at $88.86 a barrel on Monday. WTI crude rose by 5.2% to $83.63 per barrel.
read more... 04/10/2022