Manufacturing PMIs deteriorated at a faster rate in May versus April amid fading boost from front-loading. Coincident indicators were downbeat, but the US-China tariff truce…
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…
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…
The oil market is under renewed pressure as noise builds around what OPEC+ will do with their July output levels, ING’s commodity experts Ewa Manthey…
WTI price drifts lower to near $60.75 in Friday’s early Asian session. Oil inventories rose by 1.328 million barrels in the week ended May 16,…
The outlook for the Oil price remains grim as the OPEC+ has announced that it will speed up the unwinding of 2.2 million bpd output…
WTI price loses momentum to near $55.75 in Monday’s Asian session, down 4% on the day. OPEC+ is set to further speed up oil output…
The Organization of the Petroleum Exporting Countries and allies (OPEC+) is set to further speed up oil output hikes. Citing five sources, Reuters reported that this could bring back…
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…
LME Copper climbed to a two-week high yesterday after reopening from the long Easter weekend. Trump’s comments suggest room for de-escalation on the trade front…