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Daily (05.12.2022): NBP spot settled down on Friday amid forecasts for strong LNG arrivals
A bearish trend was seen in crude oil prices on Friday ahead of a meeting of the OPEC+ on Sunday and an EU ban on Russian crude on Monday. Thus, Brent crude decreased by 1.5% to settle at $85.57 a barrel. WTI crude ended around 5% lower at $79.98 a barrel.
read more... 05/12/2022
Oil prices could fall without further OPEC cut
LONDON, Dec 1 - OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but some analysts believe that crude prices could fall if the group does not make further cuts.
read more... 02/12/2022
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OPEC decision to hold virtual meeting signals little likelihood of policy change, cap on Russian oil awaited
The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday.
read more... 30/11/2022
Daily (29.11.2022): Brent crude lost 0.5% on Mondy as unrest in China clouds demand outlook
Crude oil prices diverged on Monday. Brent crude declined by 0.5% to settle at $83.19 a barrel amid fears about a new global recession and fading oil demand. In contrast, U.S. WTI crude increased by 1.3% to close at $77.24 a barrel, spurred by talk of an OPEC+ production cut that offset concerns about severe COVID-19 curbs in China.
read more... 29/11/2022
Daily (22.11.2022): Energy complex climbed on Monday amid colder weather
Crude oil prices closed fractionally lower on Monday in a volatile trading session, after Saudi Arabia “categorically” denied a report that Opec was considering an increase in output that would help to counteract a loss of Russian crude supplies. Hence, Brent crude slipped by 0.2% to settle at $87.45 a barrel. U.S. WTI crude ended the day rather flat $80.04 a barrel.
read more... 22/11/2022