Citi Doesn't See $100 Oil Despite Shock OPEC+ Cuts
Oil prices are not going anywhere near $100 per barrel despite the latest round of production cuts according to Citigroup’s Ed Morse
Source: oilprice.com
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OPEC+ producers including Russia announce voluntary oil output cuts
Saudi Arabia and other Organisation of the Petroleum Exporting Countries (OPEC+) oil producers on April 2 announced further oil output cuts of around 1.16
Source: organiser.org
OPEC+ shows off energy pricing power with oil cuts
Oil-producing allies announced an oil production cut that could aggravate inflation.
Source: fortune.com
Crude oil, energy stocks sizzle but not all analysts see $100 oil imminent (NYSEARCA:XLE)
Energy (XLE) is the overwhelming leader on Monday's S&P 500 sector leaderboard, with crude oil spiking after Saudi Arabia and OPEC+ producers unveiled a surprise decision to cut production.
Source: seekingalpha.com
India Set to Surpass China in Need for Oil
A change is on the horizon for oil demand.
Source: rigzone.com