EMEA Morning Briefing: Traders Digest Trump Picks, Tariff Pledge; Econ Data Awaited
Attention today is on a slew of scheduled U.S. data releases, including the PCE price index and jobless claims. Trump rounded out his economic team Tuesday, selecting longtime adviser Kevin Hassett to ...
Crude Oil Prices2d
All Eyes on OPEC as Bearish Bias Remains Firm
Crude oil prices are poised to face bearish pressures in the short term as geopolitical risks ease and demand concerns linger ...
Crude Oil Prices5d
OPEC Likely to Stick to Output Cuts for Another Month
OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting. “OPEC+ could or couldn't ...
Bloomberg L.P.3d
OPEC’s Dilemma: Another Year of Supply Curbs or Price Slump
Bloomberg reporters will discuss OPEC+'s options in a Live Q&A on Wednesday, Nov. 27, at 9 a.m. ET. The Q&A is free and available for everyone to listen to here. When OPEC+ ministers meet this ...
TradeWinds3d
Tanker owners braced for fresh blow with Opec set to keep oil tap turned down
Hammer was not the only market observer to point out another delay: Goldman Sachs said the recent oil drop would prompt ...
Rigzone3d
Oil Prices Steady in Choppy Trade Ahead of OPEC+ Meeting, Thanksgiving
“It’s hard when you can’t ostensibly trade for a day heading into a holiday on low volumes.” In the US, tumbling gasoline and diesel futures also weighed on the oil market. Inventories of ...
Reuters2d
OPEC+ shifts meeting to Dec. 5, could delay output hike, sources say
Earlier on Thursday, OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, postponed its next meeting on output policy to Dec. 5 from Dec. 1.
Transport Topics5d
OPEC+ Has Little Room to Revive Oil Supply, Official Says
“This strategy in support of prices has effectively encouraged higher supply outside the group, particularly on the part of the U.S.,” Iranian OPEC Governor Afshin Javan said of the curbs in ...
Oil slips on buildup in US gasoline stocks; eyes on weekend OPEC+ meeting
Oil prices drifted lower on Thursday after a surprise jump in U.S. gasoline inventories, with investors focusing on the OPEC+ ...
The Daily Telegraph3d
UAE accused of defying Opec oil cartel
It comes after the Opec cartel, led by Saudi Arabia and Russia, has in recent years sought to prop up the oil price by cutting production. However, the analysts said that the UAE’s potential ...
Business Recorder2d
OPEC+ meeting postponed to December 5
VIENNA: The ministerial meeting of the OPEC+ alliance initially scheduled for Sunday has been pushed back to December 5, the Vienna-based Organization of the Petroleum Exporting Countries (OPEC ...
Mena FN3d
Ceasefire, OPEC+ Policies, And Trade Tensions Weigh On Near-Term Oil Price Outlook
(MENAFN- Investor Ideas) Investorideas, a go-to platform for big investing ideas releases market commentary from Milad Azar Market Analyst at XTB MENA. Crude oil futures could remain under ...