Tag: OPEC

Brent falls to one-year lows as economic situation worsens

Brent falls to one-year lows as economic situation worsens

The bearish trend in oil could continue in the new year amid global economic slowdown.
Oil surges after the decision of OPEC+

Oil surges after the decision of OPEC+

Volatility in oil continues, but it looks like the uptrend could resume soon. Traders mostly disregarded the Russian cap threat.
Oil rebounds after rumors shut by Saudi minister

Oil rebounds after rumors shut by Saudi minister

Tuesday saw a rise in oil prices after top exporter Saudi Arabia indicated OPEC+ was continuing to ensure output cuts are without change.
US markets in red as fear of China’s lockdowns rises

US markets in red as fear of China’s lockdowns rises

Dollar is seen as safe heaven amidst fear of China being locked down. Oil falls significantly with rumours and drama, indices follow.
Traders see demand destruction for crude oil

Traders see demand destruction for crude oil

OPEC released the reason for the production cut and projected the rising demand for crude oil for the next decade.
Crude oil falls down despite tight production policy

Crude oil falls down despite tight production policy

OPEC’s policy on crude oil production had the opposite effect. Oil hits $82 price tag, and poor economic data in China signal lower demand. What does it mean?
Crude oil’s extreme appreciation – what are the reasons?

Crude oil’s extreme appreciation – what are the reasons?

OPEC's production cut from last week opened the door to the $90 territory for crude oil. The volume shows a rising appetite for further appreciation.
OPEC has significantly increased its oil production

OPEC has significantly increased its oil production

OPEC increased its September oil production to the highest level since 2020. Yet it failed to meet its quota.
OPEC+ unexpectedly cut oil’s output

OPEC+ unexpectedly cut oil’s output

OPEC+ reversed course and lowered supply by 100 000 barrels a day for the next month. Crude attacked $90 level.
Crude oil seeing the biggest drop since April

Crude oil seeing the biggest drop since April

The fear of economic slowdown and high inflation hurt demand. The price of Crude Oil declines and the weekly change of open interest thus raises.