According to a Bloomberg survey, the nine OPEC countries bound by production targets increased Oil production by nearly 200 thousand barrels per day in May,…
The eight OPEC+ countries with voluntary production cuts decided at the weekend to increase Oil production by 411 thousand barrels per day in July. This…
WTI price extends the rally to around $62.40 in Tuesday’s early Asian session. OPEC+ decided to raise output by 411,000 bpd in July. Iran poised…
Crude prices are rallying even as OPEC+ continues to bring crude Oil back to markets, TDS’ Senior Commodity Strategist Daniel Ghali notes. Gulf exports likely…
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to surge oil output for the third month in a row. An increase…
CTAs will continue to sell crude and industrial metals (x-copper) in most scenarios for prices by this time next week. In the imminent term, CTA…
Crude markets only have a very narrow path towards higher prices. In the imminent term, CTA selling activity will weigh on price action into the OPEC…
WTI edges higher to around $62.15 in Thursday’s early Asian session, adding 0.88% on the day. OPEC+ kept its output policy unchanged; attention will shift…
WTI crude climbs above $62 as OPEC+ signals no immediate change to current production policy. Oil prices rise on expectations that supply increases will remain…
CTAs will sell WTI crude in any scenario for prices this week. This selling activity is likely to be less significant than that which we expect in…