After a small increase in production next month, OPEC + decided to "hit the brakes" at the start of next year. Behind this strategic pause is a fierce collision between ambitions for market share and the reality of oversupply. Click to view...
Opec + is expected to agree another modest increase in its oil output target on Sunday, three people familiar with the matter said, as the producers' alliance slows its efforts to regain market share amid rising concerns about a supply glut. Since April, Opec + has raised its output target by more than 2.70 million barrels a day, or about 2.5 per cent of global supply. But in October and November, the alliance reversed its previous months of sharp output increases as markets predicted the risk o...
The long-short game intensifies! Trump's threat vs. OPEC +'s production increase plan, where do oil prices go? Click to view...
The new round of sanctions has ignited the mood of the oil market, causing a sharp rise in international crude oil. However, OPEC + production increases and Russia's production resilience are weighed down by multiple shadows. How will the crude oil market perform?
During the US earnings season, the bank thunderstorm weighed on risk sentiment, the US oil production hit a new high to promote oversupply, and multiple bearish prices weighed on crude oil to further decline.
EIA Short-Term Energy Outlook: U.S. crude oil production is expected to be 13.53 million barrels per day in 2025, compared to previous expectations of 13.44 million barrels per day. U.S. crude oil production is expected to be 13.51 million barrels per day in 2026, compared to previous expectations of 13.30 million barrels per day.
Political themes continue to dominate the market, and the least resistance path for international spot gold is? The OPEC + exit production cut roadmap has emerged, and the "high market transaction" has arrived...
OPEC's production increase in October did not exceed expectations, and oil prices rose instead of falling. Investment banks pointed out that the key is not to increase production but to increase spare capacity...
According to sources, OPEC + countries are likely to raise oil production 137,000 barrels per day in November.
According to sources, before the meeting, OPEC + countries had reached an agreement in principle to increase oil production by 137,000 barrels per day in November.