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Oil prices are under pressure again this Wednesday, despite the small uptick near $75 earlier, proving that the current Oil production cuts from OPEC+ are simply not enough. Especially when Russia, who would take the biggest share of supply cuts,
Oil prices are nearly flat this Monday with no new developments in the Red Sea and with Libya’s state-run National Oil Corporation opening up its biggest Oil field. This means an additional production of 270,000 barrels per day, putting overall
Oil prices are in the green with surging tensions and calls for more premium to be priced into the oil prices. Russia might be forced to breach its production cut promises for OPEC even further with Ukraine attacking strategic oil storage sites inside
Crude Oil breaks the key trendline but fails to rally amid general uncertainty. What’s next?
Oil prices are remaining depressed this week and throughout this Wednesday with the monthly OPEC report unable to trigger any changes. It gets even worse when looking at the report, where OPEC speaks of recovery and a deficit in late 2025. That