Brent is at 90. The opec plus cuts have successfully created a deficit compared to usual buildup of stocks that happens at the start of year. Demand is picking up in the 2nd half of the year…this sets the stage well for opec plus to return some of its supply gradually back into…

Get ready for $100 oil and $150 fill-ups.

Bloomberg blames geopolitical tensions, OPEC cuts, and Ukraine drones for soaring oil.

But given all commodities are on a tear — gold’s up 15% — the real puppetmaster is the Federal Reserve.

Now, the Fed’s frog-marching a coalition of…

İran şahı pek de Amerikan kuklası değil, OPEC'de ABD'lileri baya buruyor.

OIL MARKET: Quite a change in tone from OPEC+, flagging the need to 'careful[ly]' monitor the 'robust oil demand outlook for the summer months'.

OPEC+ next meeting is June 1 in Vienna | #OOTT

OPEC sees robust summer oil demand, economic upside potential

Bank of America, Brent ve WTI ham petrol fiyatları bu yaz 95$ geçebileceğini öngörüyor Bu tahmin petrol piyasasında sıkılaşmaya işaret eden şu faktörlere dayanıyor Jeopolitik gerilimlerin tırmanması OPEC+ üretimini kısmaya devam ediyor Ekonomik büyüme beklentilerinin iyileşmesi

OPEC cut oil production from May 2024 until January 2025 by 1.15 million barrels a day to raise gas prices to try and get this guy elected President.

Just FYI:

The last time these two gentlemen were united there was:

- Peace in Europe
- Peace in the Middle East
- low inflation
- OPEC wasn't lowering production to raise gas prices
- Covid hadn't killed as many people
- the Left was united

Do what you want with that info

J.D. Vance Jarad Kushner takes a trip to Saudi Arabia and suddenly OPEC decides to cut oil production by 1,150,000 barrels per day from May 1st until January 2025.

Just in time for the election cycle, gas prices will rise fueling inflation.

You’ll blame Biden.

Do you think we’re stupid?

Vadeli ham petrol kontratları, artan jeopolitik riskler ve OPEC+ üretim kesintileri nedeniyle arz endişeleriyle Ekim ayından bu yana en yüksek seviyelerinde işlem görmeye devam ediyor. Brent ham petrolü ve WTI %0,1 düşüşle sırasıyla varil başına 89,28$ ve 85,33$'dan işlem görüyor

Aramco’s OSPs for May, some discounts to Europe and Asia #OOTT #Opec #Saudi_Arabia

It boggles my mind how many fucking idiots in America don’t know the president doesn’t control oil prices.

Our education system is failing us, oil is not nationalized in America because oil companies have bought out half our politicians. Biden does not fucking control OPEC..

Robin Brooks The US banning additional LNG export permits and a regulatory regime shift that went from a 50% us crude oil production increase in the first 3 year of the last administration to 0% growth over a similar period allows Opec+ shut in production of 5MMB/D with no fear of market…

Oil production is one thing, oil supply is another!

#Oil #OPEC

OPEC: Nigeria’s oil production dropped by 6% to 1.23m bpd in March | TheCable thecable.ng/opec-nigerias-…

OPEC Oil Production Year Over Year is Down -4.4% ✅
OPEC Is In Control & $100 Oil Is Coming! Oil Demand Record 103,100,000 🛢️ Daily Barrels Now 🚀 $SGY 📈 $SGY.to #oott #com

#Libya overtakes Nigeria and becomes the largest producer of crude oil in Africa

Data from the Organization of the Petroleum Exporting Countries (OPEC) showed that Libya overtook Nigeria to become Africa's largest crude oil producer for the month of March.1/3

OPEC Monthly Report: Euro zone economic growth expectations in 2024 and 2025 are 0.5% and 1.2%, respectively. (previously 0.5% and 1.2%)

Everyone is a gold bug these days so I will add my 2 cents.

The Oil to Gold (OGR) ratio was made popular because in the 1970s Middle East and OPEC nations were seeing the value of their commodity, which was controlled by the Seven Sister via the Posted Price, deflate vs. other…