OPEC passes on its turn

Strong uncertainty around the timing of a potential return of Iranian oil on the market pushed the OPEC+ group to just confirm what had been decided previously: output will increase further in July, but nothing is planned afterwards. Brent 1st-nearby prices almost touched their highest level of the year, above $71/b, before adjusting slightly downwards. The WTI reached a two-year high.

OPEC vs non-OPEC crude and condensate supply
Share this news :

You might also read :

ES-economy
January 25, 2022

What a day!

Spectacular reversal of the US equity markets yesterday, which lost more than 4% (for the Nasdaq) in the session and ended the day up. In…
ES-economy
March 5, 2021

Bond yields keep on rising, the USD follows

Jerome Powell, the Fed chairman, repeated more or less word for word what Lael Brainard said previously, but markets expected something more specific pointing to…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]