Page 9 - Output Cuts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Is still depending on exports so if that is facing a recession, there is still that impact on china. so, it is demand driven. but having said that, i don't think... we never saw $100. we do see that going forward. but having said that, i don't think, for the argus consulting team, we never saw $100. we do see that going forward. in the second half of this year. assuming 0pec plus, and that includes russia, delivers on the output cuts that they had announced in early april, we do see that the market should become tighter, in terms of supply and that we should be moving towards the sort of $80 o...

Stocks were in an oversold position – which is why we had a bounce. Technically – 3903 proved to be support – but do not be surprised if we test it ag

By Irina Slav - Apr 04, 2021, 6:00 PM CDT Oil prices went on a rollercoaster ride this week ahead of the April OPEC+ meeting to discuss how production control is going and what their next steps would be over the next few months. According to the latest reports, Saudi Arabia has said it may start relaxing its voluntary 1-million-bpd cuts, starting with 250,000 bpd in May and June each, and then easing further. The cartel as a whole will implement a production cut easing of 350,000 bpd in May and June, and another 400,000 bpd in July, according to sources. The figures naturally sparked in...

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