Tag: Opec output cuts
IEA vs OPEC: IEA widens gap with OPEC on oil demand projections for 2024; June policy decision eyed
The International Energy Agency (IEA) on Wednesday trimmed its forecast for 2024 oil demand growth, widening the gap with oil producer group OPEC in terms [Read more about this post…]
Oil trades higher after US crude inventories register sharp fall, dollar caps gains; Brent at $83/bbl
Oil prices rebounded and traded higher on Wednesday, May 9, after the US oil storage data showed a larger-than-expected draw in crude stockpiles as refiners [Read more about this post…]
Oil extends losses after easing supply concerns counter Middle East risk premium; Brent at $82/bbl
Also Read: Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What’s cooling down the commodity? Brent crude futures dropped [Read more about this post…]
Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What’s cooling down the commodity?
Brent crude futures for July were last down 29 cents, or 0.35 per cent, to $83.38 a barrel. US West Texas Intermediate crude for June [Read more about this post…]
Even without war in the Gulf, pricier petrol is here to stay
When Iran’s missiles whizzed towards Israel on Sunday April 14th, oil markets were closed. When they opened 24 hours later, their reaction was a loud [Read more about this post…]
