Tag: OPEC+
Crude oil prices stay muted in 1H amid altered oil flows tracking Ukraine war
Dated Brent crude oil prices expected to remain stable around $80/barrel in first half of 2023, with potential recovery to $85-$90 in second half. China and India's increasing demand and altered oil flows due to Ukraine war will impact global oil markets.
Oil prices climb after Opec+ keeps output cut targets, China eases Covid curbs
OPEC+ countries preserve production cuts ahead of EU Russian crude ban, while China's relaxing Covid measures signal potential increased fuel demand. Global oil benchmarks WTI and Brent show positive momentum, reflecting market optimism about future energy consumption.
Oil prices ease on symbolic OPEC+ output cut
OPEC+ and allied oil producers, including Russia, have slightly reduced their oil output for October, a modest 100,000 barrel per day decrease. This symbolic cut comes amid growing recession fears and falling crude prices, which have already dropped from June's $120 per barrel peak.
