#Opec

Brent Prices Jump after Oil-Rich Libya Declares 'Force Majeure' Across All Oil Production Brent crude prices are surging above the $81/bbl mark on Monday morning, driven by two major headlines:  Middle East on edge after Israeli strike on Hezbollah targets in southern Lebanon

America's 'Mini OPEC': Major US Refiners Slash Capacity Amid Global Glut Fears  Following the series of mega-mergers in the oil exploration and production space, a potential US refining cartel—a 'mini OPEC on American soil'—could be taking shape with some of the first coordinated

OPEC+ Agrees To Extend Collective Output Cuts Until End Of 2025 As we previewed last month, OPEC+ agreed to extend its oil production cuts well into 2025, while also setting a timeline for gradually winding down some of those curbs later this year. As reported by Bloomberg, the

OPEC+ Agrees On 1 Million Bpd Additional Oil Supply Cut, Alongside Extension Of Saudi 1MMb/d Cut As previewed repeatedly in recent days, and as Reuters once again leaked overnight, moments ago the delayed OPEC+ meeting concluded with the expanded cartel agreeing on an additional 1

Trading Idea - #CrudeOil CRUDE OIL FUTURES NYMEX:CL1! Traderherz-Analytics My trading idea for - #CrudeOil - BUY Entry: 82.60 USD Target: 90.00 USD (+8.5% profit) #CrudeOil has risen to $85 per barrel due to #Opec production cuts. Crude oil inventories are expected to decline