2023 growth seen at 2.44m bpd 2024 growth seen at 2.25m bpd OPEC output fell 836k bpd to 27.31m bpd in July after Saudi voluntary cut Sees prospects for healthy oil fundamentals in H2 OPEC’s data suggests 2 million barrel a day supply deficit WTI crude is down 58-cents to $83.83. OPEC’s demand assumptions for
Share: WTI crude oil prints three-day winning streak to poke yearly high marked in April, sticks to daily gains of late. OPEC+ production cuts join price-positive statements from Saud Arabia, Russia to underpin Oil price run-up. Hopes of easy rates, China stimulus and US Dollar’s pullback add strength to WTI run-up. This week’s
Oil Prices, Charts, and Analysis Oil bolstered by Saudi Arabia, Russia output cuts OPEC+ meeting and US Jobs Report later. Recommended by Nick Cawley Get Your Free Oil Forecast The price of oil is trying to make a fresh three-month high after Saudi Arabia and Russia extended their output cuts yesterday. Saudi Arabia announced that
CRUDE OIL ANALYSIS & TALKING POINTS Where to next for OPEC+? USD looks to NFP for guidance on Fed monetary policy. Overbought zone on both WTI and Brent could indicate downside to come? Recommended by Warren Venketas Get Your Free Oil Forecast CRUDE OIL FUNDAMENTAL BACKDROP WTI crude oil and Brent crude oil remain elevated
BRENT CRUDE OIL ANALYSIS & TALKING POINTS US core PCE dampens hawkish rhetoric. China and US economic data in focus next week. How long can bulls sustain this upside? Recommended by Warren Venketas Get Your Free Oil Forecast BRENT CRUDE OIL FUNDAMENTAL BACKDROP Crude oil prices (WTI and Brent) have extended its upside rally to
دوشنبه: یوروگروپ؛ چینی Caixin خدمات PMI (نوامبر)، EZ، UK & ایالات متحده ترکیبی/خدمات PMI نهایی (نوامبر)، EZ خرده فروشی (اکتبر)، US ISM خدمات PMI (نوامبر). TUE: اطلاعیه سیاست RBA؛ شبکه منطقه ای Norges Bank (Q4)، روان آب جورجیا ایالات متحده، EIA STEO; سفارشات صنعتی آلمان (اکتبر)، EZ & UK Construction PMI (نوامبر)، Canadian Ivey PMI
MON: BoJ SOO, Bank of Israel Announcement, Japanese Tankan Survey (Q3), Swiss CPI (Sep), EZ/UK/US Final Manufacturing PMI (Sep), US ISM Manufacturing PMI (Sep) TUE: RBA Announcement, US Durable Goods (Aug) WED: RBNZ Announcement, South Korean CPI (Sep), German Trade Balance (Aug), EZ/UK/US Final Services & Composite PMI (Sep), US ADP (Sep), Canadian Trade Balance
MON: CBR Monetary Policy Report; Chinese Caixin Manufacturing PMI (Jul), Australian, EZ, UK & US Final Manufacturing PMI (Jul), German Retail Sales (Jun), US ISM Manufacturing PMI (Jul). TUE: RBA Policy Announcement, Canadian Civic Day; South Korean CPI (Jul), Canadian Manufacturing PMI (Jul), US JOLTS (Jun), New Zealand HLFS Unemployment (Q2). WED: BCB Policy Announcement;
SUN: Chinese Labour Day Holiday (May 1-4). MON: German Industrial Orders (Mar) and Retail Sales (Mar); EZ, and US Final Manufacturing PMIs (Apr); US ISM Manufacturing PMI (Apr); UK Bank Holiday; Japanese Holiday. TUE: RBA Announcement; South Korean CPI; German Unemployment (Apr); EZ Producer Prices (Mar); US Durable Goods (Mar); UK Final Manufacturing PMI (Apr);
