Will OPEC Increase Production? | OilPrice.com
Even though the IEA cut its 2024 demand forecast to 1.22 million b/d this month, OPEC remains vehemently bullish about the oil markets, expecting them to rise 2.25 million b/d.
Source: oilprice.com
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Kazakhstan Vows to Comply With OPEC+ Cuts Despite January Overproduction
Kazakhstan vows to adhere to OPEC+ cuts after exceeding its January quota, pledging to compensate for overproduction in the following months.
Source: oilprice.com
Not All OPEC Producers Are Delivering On Their Pledged Cuts
OPEC’s crude oil production slumped by 350,000 barrels per day (bpd) in January as the latest voluntary output cuts kicked in, but not all those who had pledged reductions delivered on their promises.
Source: oilprice.com
After Being Neutral for A While, I Now Have A View On Crude
There is always a point which my research and forty years of experience tell me that the balance is shifting, and we are at that point now and oil looks set to climb as a result
Source: oilprice.com
OPEC+ Spare Capacity To Keep Oil Prices In Check
HSBC Global Research has predicted that Brent crude prices will remain range-bound at $75 per barrel to $85 per barrel in the mid-term as with spare production capacity by OPEC+ enough to offset any geopolitical risks
Source: oilprice.com