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OIL AND OIL DERIVATES

Opec+ agrees 2m bbl/day output cut for November

Date: 05.10.2022 Author: Jeff Coelho, Montel
Opec+ agrees 2m bbl/day output cut for NovemberPhoto: Tanja S. Volarič

Opec and its Russia-led partners agreed to cut oil production by 2m bbl/day in November – their biggest since the record curbs during pandemic lockdowns in 2020 – to help shore up market prices.

Brent crude hovers near USD 92 on expected Opec+ output cut

Date: 05.10.2022 Author: Montel
Brent crude hovers near USD 92 on expected Opec+ output cutPhoto: Victor Habbick via FreeDigitalPhotos

Benchmark Brent crude oil prices hovered near USD 92/bbl early on Wednesday as market participants expected a meeting of Opec and its Russia-led partners to conclude with an agreement on cutting

Oil prices continue rise as Opec meeting looms

Date: 04.10.2022 Author: Robin Newbold, Montel
Oil prices continue rise as Opec meeting loomsPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices continued their rise from gains seen in the prior session on Tuesday as expectations grew of a large cut to Opec production, with the cartel due to meet tomorrow.

Oil prices rally 3% on expectations of Opec+ output cut

Date: 03.10.2022 Author: Jeff Coelho, Montel
Oil prices rally 3% on expectations of Opec+ output cutPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices rose around 3% in early trading on Monday amid expectations that Opec and its Russia-led partners plan to cut production.

Oil prices set for fourth consecutive month of declines

Date: 30.09.2022 Author: Jeff Coelho, Montel
Oil prices set for fourth consecutive month of declinesPhoto: Tanja S. Volarič

Oil prices were heading for the fourth consecutive month of losses on Friday, with worries about global recession dominating market sentiment and raising the prospect of a further cut in production by

Oil prices retreat after previous day's rally

Date: 29.09.2022 Author: Jeff Coelho, Montel
Oil prices retreat after previous day's rallyPhoto: BP

Oil prices softened in early trading on Thursday, paring gains of around 4% in the previous session driven by a combination of near-term supply concerns and favourable US inventory data.

EC announces price cap on Russian oil

Date: 28.09.2022 Author: Olav Vilnes, Montel
EC announces price cap on Russian oilPhoto: Montel

The European Commission announced new sanctions against Russia on Wednesday of a price cap on oil sold to third countries.

Oil prices slump on demand concerns, US dollar strength

Date: 28.09.2022 Author: Jeff Coelho, Montel
Oil prices slump on demand concerns, US dollar strengthPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices slumped in early trading on Wednesday, pressured by a strong US dollar and worries about demand amid recent warnings that leading economies are sliding into recession.

Oil claws back losses on possible Opec intervention

Date: 27.09.2022 Author: Robin Newbold, Montel
Oil claws back losses on possible Opec interventionPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices were firming on Tuesday – off near nine-month lows hit in the prior session – on indications Opec and its allies – Opec+ – could institute further production cuts to balance the

Oil trades at 8-month low on growing recession fears

Date: 26.09.2022 Author: Robin Newbold, Montel
Oil trades at 8-month low on growing recession fearsPhoto: Montel

Crude oil was trading at an eight-month low on Monday as recession fears indicated at possible demand destruction.

Oil trades flat as recession jitters weigh on market

Date: 23.09.2022 Author: Jeff Coelho, Montel
Oil trades flat as recession jitters weigh on marketPhoto: Montel

Oil prices were little changed in range-bound trading early on Friday as mounting fears of global recession offset concerns about escalating tensions between the West and Russia over its war in

Oil prices claw back after Fed hike on supply concerns

Date: 22.09.2022 Author: Montel
Oil prices claw back after Fed hike on supply concernsPhoto: Montel

Oil prices edged up in early trading on Thursday, clawing back from a sharp fall in the previous session when the US central bank raised interest rates to the highest level in almost 15 years as it



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