Oil Down USD 3 as Russia Downplays Additional OPEC+ Cuts
Oil prices drop as Russia downplays further production cuts. OPEC+ meeting uncertainty. Brent crude, West Texas Intermediate, short-sellers, debt ceiling.
Source: news18.com
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Putin Says OPEC+ Cuts Were To Maintain High Oil Prices
Russia’s President Vladimir Putin has contradicted the position by OPEC+ that its 1.2 million barrels per day production cut announced in April was intended to balance the markets, with the Russian leader saying it was necessary to maintain relatively high oil prices
Source: oilprice.com
Is The U.S. Preparing To Punish OPEC?
The U.S. House of Representatives may once again consider a piece of legislation to pressure the OPEC oil producers’ group to stop making output cuts
Source: oilprice.com
OPEC Cut Failed To Lift Oil Prices, But The Year Isn't Over Yet
Crude oil prices have been on a losing streak for four consecutive weeks, and while sentiment remains negative for now, the OPEC cuts are likely to tighten oil markets later this year
Source: oilprice.com
Oil Prices Surge on Supply Tightening in Canada, Global Economic Concerns
Oil prices rise as supplies tighten in Canada and elsewhere. Recession fears persist but wildfires and potential repurchasing for Strategic Petroleum Reserve offer support.
Source: news18.com