Tag: OPEC

OPEC+ will not change oil production policy

OPEC+ will not change oil production policy

The group agreed to continue with the same mining policy. It will increase production in August, but the next months are not yet decided.
OPEC+ falls short of its oil production target

OPEC+ falls short of its oil production target

The OPEC+ group fell short of its overall oil production target by 2.695 million barrels per day (bpd) in May.
OPEC as the market mover

OPEC as the market mover

Oil price shows big volatility this week. OPEC is one of the main market movers in the commodity markets by boosting oil production.
Oil gained as a tight market remains

Oil gained as a tight market remains

The price of crude oil went sharply up thanks to fundamentals, which points to tight market before summer.
Crude oil in the era of extremely high volatility

Crude oil in the era of extremely high volatility

Over the past 5 days we saw more important statements for crude oil being published than over the period of last year. And consequences are apparent in the price development.