OPEC agrees to boost oil production
The latest Opec meeting ended in some confusion on Friday with different numbers quoted for the planned production increase. It appears that a target increase of 1m barrels per day […]
The latest Opec meeting ended in some confusion on Friday with different numbers quoted for the planned production increase. It appears that a target increase of 1m barrels per day […]
The yellow metal continues to weaken against the US Dollar for the fifth consecutive session. This movement has been guided mainly by the 55– and 100-hour SMAs; thus, these moving […]
Crude oil continued sliding today on the back of growing tensions between the United States and China and anticipation of a difficult OPEC+ meeting on Friday. Brent crude futures eased […]
Gold finally managed to overcome the strong one-week resistance of the 50.00% Fibonacci retracement and the monthly PP at 1,302.00 on Thursday. A further surge, however, did not follow, as […]
After months of sharp oil price rises there is now considerable uncertainty as to the market’s direction for the rest of the year, OPEC said on Tuesday as a key […]
The upcoming OPEC meeting on June 22 is shaping up to be a contentious one, after news broke that the U.S. government asked Saudi Arabia to increase oil production before […]
OPEC and its allies in the global oil output cuts stressed the need to maintain their cooperation to stimulate adequate investments to ensure stable oil supply. Energy ministers from Saudi […]
The Trump administration is planning to go ahead with its plan to impose tariffs on steel and aluminum imports from the EU, which could draw sharp retaliation from the bloc, […]