According to a Reuters report, the eight OPEC+ countries with voluntary production cuts could also increase oil production more significantly in June, Commerzbank’s commodity analyst…
WTI plummets sharply to near $62.00 as OPEC+ is likely to increase oil production over three times from May onwards. Kazakhstan stated that the Oil…
WTI price may come under pressure as investors evaluate the potential for an accelerated output increase by OPEC+. Kazakhstan, an OPEC+ member, has indicated it…
UK inflation drops to 2.6% YoY in March, missing BoE projections and reinforcing 86% odds of May rate cut. Strong US retail sales masked by…
At a virtual meeting of the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ oil ministers at the weekend, the only thing that was apparently…
Australian Dollar (AUD) is likely to trade in a 0.6250/0.6300 range vs US Dollar (USD). In the longer run, increase in momentum indicates AUD could…
Federal Reserve (Fed) Bank of Boston President Susan Collins noted on Thursday that the Fed’s challenge at this point is having to choose between maintaining…
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said Thursday that “an increase in long-term yields, all things being equal, tightens financial conditions.” “France needs…
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Wednesday that a 25 percentage point increase in the…
There has been no increase in either downward or upward momentum; Pound Sterling (GBP) is expected to trade in a 1.2920/1.2980 range. In the longer…