OIL AND OIL DERIVATES
Opec+ agrees 2m bbl/day output cut for November
Date: 05.10.2022 Author: Jeff Coelho, Montel
Photo: 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
Photo: 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, MontelPhoto: 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, MontelPhoto: 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, MontelPhoto: 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
Photo: 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
Photo: 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, MontelPhoto: 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, MontelPhoto: 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, MontelPhoto: 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
Photo: 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: MontelPhoto: 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
