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,…
Germany’s industrial sector activity fell more than expected in April, according to the latest data published by Destatis on Friday. In the Eurozone’s economic powerhouse,…
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…
China’s April Retail Sales rose 5.1% year-over-year (YoY) vs. 5.5% expected and 5.9% in March, the latest data released by the National Bureau of Statistics (NBS) showed…
The US Energy Information Administration (EIA) has revised its forecast for US crude oil production downwards, Commerzbank’s commodity analyst Carsten Fritsch notes. Decline in production…
U.S. energy operator Diamondback Energy reported first-quarter 2025 adjusted earnings per share of $4.54, which beat the Zacks Consensus Estimate of $4.09 and came ahead…
Germany’s industrial sector activity increased more than expected in March, according to the latest data published by Destatis on Thursday. In the Eurozone’s economic powerhouse,…
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…
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…
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…