WTI loses ground as rising trade tensions dampen global Oil demand. The IEA reported that Saudi Arabia exceeded its Oil output target against OPEC+ implied…
WTI Crude Oil trades near $67.00 as price consolidates in a well-defined range. EIA cuts 2025 US production outlook, reinforcing a tightening supply narrative ahead…
The WTI price faces some selling pressure to near $65.00 in Monday’s Asian session. OPEC+ members agreed to increase oil production by 548,000 barrels a…
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…