OPEC+ Alliance Agrees 10 Mil B/D Cut, Looks for More Allies
The OPEC/non-OPEC alliance on Friday announced an agreement for the 23-member alliance to curtail production by 10 million b/d over May and June in...
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Weekly Oil Views: OPEC+ Attempts Resurrection Against Massive Odds
A month after the shocking collapse of OPEC+ and the declaration of a price war by heavyweights Saudi Arabia and Russia, the producers’ alliance is...
367 Views
WTI Fade Trade and Fresh Long Level
WTI is vulnerable to a fade sequence after a sharp rise of near 40%. WTI shows resistance at 28 and support at dual lows at 20. Bigger congestive...
296 Views
Historic 25% Crude Spike on Hopes of Deep OPEC+ Cuts: Hold Your Horses!
Crude futures were slipping early Friday in Asia after a record single-day spike in percentage terms, to settle 21-25% higher on the day. While...
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Weekly Oil Views: A World Under Lockdown Confines Crude to the Low-$20s
At least 20 million barrels per day or 20% of global oil consumption has now disappeared and the worst of demand destruction could still lie ahead...
317 Views