Tag: OPEC

Oil edges lower but market remains extremely tight Oil prices are slipping for a second day as it’s become clear that the EU is not about to agree on a ban on Russian oil imports, no matter how much it would like to follow the actions of the US. While it would be devastating for […]

OANDA Senior Market Analyst Craig Erlam discusses why oil prices are rising once more and whether they can continue to do so.

Oil stabilises as OPEC expresses concerns Oil prices are a little flat after spiking higher on Wednesday in response to apparent storm damage on the Caspian Pipeline Consortium (CPC) that will affect around a million barrels per day from Kazakhstan for up to a couple of months. Coming at a time when the market is […]

Asian markets are cautiously higher this morning as the weekend produced lots of noise, but little of real actionable substance. US markets continue to price in an almost certain Ukraine-Russia peace agreement and seem to be quickly putting an expectedly hawkish FOMC behind them. Both could yet come back to bite, but until they do, […]

Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York.  This week they discuss how financial markets reacted to the Fed’s first rate hike since 2018, China’s COVID situation, and oil markets. They also discuss what the week ahead has in store for financial markets. […]

Oil rises after Kremlin comments and IEA report Oil prices are rising once again today, with Brent and WTI now back above USD 100. It has been pushing higher throughout the day after the Kremlin pushed back against reports of substantial progress in ceasefire talks. It feels like a real setback just as things appeared […]

Oil prices held steady overnight, led by the perception of diminishing Ukraine risks and a positive meeting between the leaders of Saudi Arabia and the United Kingdom. The platitudes handed out to Boris Johnson in Riyadh conveniently overlook the fact that the Saudis are committed to OPEC+ and are not able to unilaterally boost production […]

Oil prices ease on Ukraine hopes Oil markets in Asia have staged an unconvincing pullback today in hopes that Ukraine-Russia negotiations are moving to a constructive stage, despite the weekend widening of the Russian bombing. Additionally, the Shenzhen lockdown may have tempered China’s growth expectations and thus, its energy consumption. All of that is a […]

Discussing the latest macroeconomic developments as they relate to Bitcoin, including oil prices and market misconceptions.

US dollar climbs on CPI, risk aversion The US dollar rebounded sharply after 40-year highs in inflation data and as risk sentiment soured once again over Easter Europe and the news tickers remained quiet on OPEC+ increases. US long-dated yields resumed their climb, despite a well-bid 30-year auction overnight, providing more support to the greenback. […]

Oil cautiously higher after mixed messages from UAE Oil prices are rising again, up around 4% on the day at one point, as talks between Ukraine and Russia give little cause for optimism. The risk of further disruption remains high, especially with more sanctions to come that will make life harder for Russia and companies […]

US President Joe Biden signed an executive order instructing federal agencies to prepare a…

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