June OPEC Meeting

What To Expect From The OPEC Meeting

What To Expect From The OPEC Meeting The month-long wrangling within the Organization of the Petroleum Exporting Countries OPEC over a date for its next meeting has highlighted a changing dynamic in the group. Decisions that are increasingly driven by longtime leader Saudi Arabia – in tandem with non-OPEC Russia – have been angering member…

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crude oil inventories

CRUDE OIL INVENTORIES / OPEC MEETING

CRUDE OIL INVENTORIES The forecast for this weeks crude oil inventories was -2.7M and the actual outcome was -12.8M giving us a big difference between the forecast. After the release we could see big movement to the up side and we got Support and resistance confirmed with an eventually break of the support area. It…

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crude oil inventories

CRUDE OIL INVENTORIES

CRUDE OIL INVENTORIES The forecast for this weeks crude oil inventories was -1.5M and the actual outcome was -3.1M coming out close to the forecast. After the release we could see movement to the up side and we got Support and resistance confirmed with an eventually break of the support area. It was time to…

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June OPEC Meeting

Tough OPEC Meeting Ahead!

Tough OPEC Meeting Ahead! Iran has told OPEC that it opposes delaying the oil producer group’s next meeting, setting the scene for another fight with fellow members as U.S. sanctions put Tehran under unprecedented economic pressure with its oil exports down to just a trickle. OPEC gatherings are often fraught due to acrimony between Iran…

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