WTI has dropped to a three-week low, pressured by fears of a potential supply boost from the Saudi-led OPEC+ alliance. The US economy contracted in…
WTI price declines as progress in US-Iran nuclear talks raises the possibility of Iranian crude returning to the market. The potential for OPEC+ to increase…
Given this situation, it is hardly conceivable that Kazakhstan will limit oil production as planned, let alone compensate for the current overproduction with larger production…
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…
Oil prices declined after reports emerged that OPEC+ is considering a major output increase in June, while Kazakhstan resists further production cuts to compensate for…
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…
Last week, OPEC published a new compensation plan to offset the previous overproduction, Commerzbank’s commodity analyst Carsten Fritsch notes. OPEC announces new compensation cuts through…
By accelerating the fall in oil prices, the timing between OPEC+’s decision to accelerate quota easing, and the Trump administration’s announcement of the start of…
OPEC revised its forecast for global oil demand slightly downwards in its monthly report published yesterday due to the expected impact of US tariffs. It…
The OPEC production surveys by Reuters and Bloomberg again showed a considerable discrepancy for March, Commerzbank’s commodity analyst Carsten Fritsch notes. UAE and Iraq at…