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…
Eurozone’s industrial sector activity rose more than expected in February, the latest data published by Eurostat showed on Tuesday. Industrial output in the old continent…
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…
The US Energy Information Administration (EIA) has revised its forecast for global oil demand downwards, Commerzbank’s commodity analyst Carsten Fritsch notes. Oversupply fears push oil…
At a virtual meeting of the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ oil ministers at the weekend, the only thing that was apparently…
Germany’s industrial sector returned to contraction in February, according to the latest data published by Destatis on Monday. In the Eurozone’s economic powerhouse, Industrial Output…
Kazakhstan’s oil production is said to have risen to a new record level in March, Reuters reported, citing informed sources, Commerzbank’s commodity analyst Carsten Fritsch…
The eight OPEC+ countries with voluntary production cuts surprisingly announced yesterday that they would increase production by 411 thousand barrels per day in May. That…
In its first estimates for 2025/26, the International Grains Council (IGC) forecasts corn production to increase from 1,217mt in 2024/25 to 1,269mt in 2025/26, ING’s…