OPEC+ to Saudis: ‘You Keep Cutting, We’ll Keep Producing’
For the benefit of the rolling cameras, Saudi Energy Minister Prince Abdulaziz bin Salman triumphantly declared that the rest of OPEC+ will keep to promised oil cuts till 2024...
For the benefit of the rolling cameras, Saudi Energy Minister Prince Abdulaziz bin Salman triumphantly declared that the rest of OPEC+ will keep to promised oil cuts till 2024...
It’s what authoritarian regimes do when they want to black out information or silence news that’s inconvenient. And this week, OPEC, the oil cartel, showed similar...
OPEC and OPEC+ will meet on June 4 to discuss oil production. Traders should be on watch to see whether OPEC decides to keep production steady or to implement further oil...
Saudis losing their war against deflation as the services economy stumbles badly.
Stocks Sink As 'Appulus' Fails To Impress; Gold Up, Crypto Down, Oil Flat Eurozone PPI plunged overnight, but ugly US Services PMI data and slumping factory orders sent yields...
Energy modeling misses important points.
Heading into the recent OPEC+ meeting, oil prices faced challenges primarily due to supply constraints rather than demand dynamics.
What makes the USD/CAD our currency pair of the week is the upcoming policy decisions from the Bank of Canada this week and the Federal Reserve next week.
Today’s USD/CAD forecast is bearish. The Canadian dollar maintained its strength against the US dollar amid Saudi Arabia’s significant production cut announcement. This caused a...
The US dollar has extended its post-employment gains today, helped by firmer rates and several countries seeing downward revisions from the preliminary May PMI. July WTI gapped...