Traders are not buying the oil deficit story. That’s the conclusion that forces itself based on the latest oil and fuel buying and selling developments ahead of the latest OPEC+ meeting.
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IEA Warns Of Higher Oil Prices After OPEC+ Announcement | OilPrice.comThe Executive Director of the IEA has warned of an imminent surge in oil prices after OPEC+ extended production cuts until 2024 and Saudi Arabia announced an additional reduction.
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Oil Prices Fall Back After A Short-Lived OPEC+ Rally | OilPrice.comAfter rallying on news that Saudi Arabia would cut an additional 1 million barrels per day, oil prices were already falling back by Tuesday morning.
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Opec+: Russian output leaves hawkish Saudis isolated\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Opec+: Russian output leaves hawkish Saudis isolated\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Opec+ is not on board with Saudi’s ‘whatever it takes’ message\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Dad’s Mad: Saudis Frustrated With Lack Of OPEC Compliance | OilPrice.comSaudi Arabia agreed to take one for the team this weekend and volunteered to cut another 1 million barrels per day off its crude oil production to keep the market in check—and to punish short sellers.
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