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-oil
November 9, 2021

Summarising Biden’s toolbox

Crude prices remained stable, hovering around 83.5 $/b for the January ICE Brent contract. Expectations of a response from the US administration raised uncertainty in…
ES-power
November 9, 2021

EUAs broke above recent resistances on gas gains

The power spot prices fade yesterday in northwestern Europe, weighted by forecasts of higher German wind production, French nuclear availability and hydro generation, although the…
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]