OPEC Bites Back At IEA Over Production Cut Warning
On Tuesday, OPEC issued a warning of its own to the IEA: your calls to stop investing in oil and gas is what could lead to future price volatility
Source: oilprice.com
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Oil Steadies After Russia Says Global Oil Markets in Balance
Oil prices steadied after Russian Deputy Prime Minister Alexander Novak said global oil markets were balanced. Brent crude futures settled up 68 cents, while West Texas Intermediate crude settled up 46 cents. Economic data and weak refinery margins could affect crude demand and lead to cuts in runs.
Source: news18.com
Russia's Flagship Crude Sees Near-Record April Loadings
Despite a 500,000 barrel-per-day output cut announced by Moscow in alleged retaliation for the G7 price cap of $60, Urals crude loadings from Russia’s western ports is set to be more than 2.4 million bpd for the month of April
Source: oilprice.com
OPEC's Crude Oil Production Falls In March
OPEC’s crude oil production fell to 28.797 million bpd, according to OPEC’s latest edition of its Monthly Oil Market Report
Source: oilprice.com
Saudi- U.S. Relations Sour Further On Huge OPEC+ Surprise Cut
With the large production cut and approval of a plan to join the Shanghai Cooperation Organisation, Saudi Arabia has now decisively shifted into the China-Russia sphere of influence
Source: oilprice.com