OPEC Extends Production Cuts through July

Alan Apthorp
Daily Market News & InsightsDaily Market News & Insights

Just three short weeks ago, headlines were celebrating crude oil’s ascent above $30/bbl. Today, WTI crude briefly surpassed $40/bbl – a 33% price gain in a short period. As we reported last Friday, the EIA projected in May that oil would not return to $40/bbl until April 2021. A number of supportive economic and oil […]

Mid-Week Review – December 4, 2019

Alan Apthorp
Daily Market News & InsightsDaily Market News & Insights

India Could See Real Growth in Oil Demand Next Year Next year is expected to be a turnaround for oil demand in India, according to a new study by S&P Global Platts Analytics.  With weakened demand caused by an economic slowdown, a slump in new vehicle sales, and flooding during monsoon season, the growth number […]

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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