Oil Markets Shrug Off Gasoline Demand Fears
Crude futures are headed for their best weekly-gain since mid-December as institutional buyers are showing themselves more optimistic about crude demand in Q1 2022
Source: oilprice.com
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White House Praises OPEC For Production Decision
The White House applauded OPEC+’s decision to continue adding 400,000 bpd to global supply next month as well
Source: oilprice.com
Oil Tops $80 After OPEC+ Sticks To Plan To Ease Cuts
Oil prices rose by 1% early on Wednesday, with Brent Crude topping $80 per barrel, after OPEC+ confirmed its confidence in Q1 crude demand
Source: oilprice.com
OPEC+ Sticks To Plan To Add 400,000 Bpd Oil Production In February
The OPEC+ group decided on Tuesday to add another 400,000 barrels per day to its total oil production in February in a widely expected move to continue easing the cuts each month
Source: oilprice.com
OPEC+ Continues To Struggle To Produce As Much As Quotas Allow
The OPEC+ group continues to deliver lower supply increases than the monthly production quotas, according to the alliance’s estimates of compliance with the November crude oil output quotas
Source: oilprice.com