by Natalija Riabko | Apr 15, 2025 | Forecast, News, News of the day, Oil, USA
Oil futures remain stuck in a holding pattern, with Brent crude continuing to trade within a tight $63 – 66 per barrel range. The market is caught between short-term supportive factors and longer-term demand anxieties, leaving traders hesitant to commit to a...
by Natalija Riabko | Apr 3, 2025 | Forecast, News, News of the day, Oil
In a notable policy shift, OPEC+ has opted to raise oil output by 411 thousand barrels per day (kb/d) in May, significantly exceeding the previously anticipated 135 kb/d adjustment. This decision effectively fast-tracks the implementation of July’s production quotas,...
by Natalija Riabko | Mar 27, 2025 | News, News of the day, Oil
Brent crude futures reached their projected growth target yesterday, supported by the latest EIA data showing a significant weekly decline in US oil stockpiles. These figures aligned with earlier statistics released by API. The reduction in inventories follows the...
