Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (119935)	2/12/2022 10:54:22 AM
From: Goose94	Read Replies (1) of 202922

Crude Oil: OPEC Production Problems Push Oil Prices Higher Wherever you looked this week, it seemed that Iran was at the center of all oil market news. The prospect of a breakthrough in the nuclear deal, a breakthrough that was assumed to be imminent by several participants, drove oil prices lower over the week after last week’s bull run to mid $90s. The fact that Iran’s crude would take several months to reach markets if a deal were agreed upon shows that this was largely driven by sentiment. On the fundamental front, OPEC+ underperformance is potentially flirting with 1 million b/d in February, news that led even the IEA to get involved in pushing for more oil. The IEA joined the ranks of India and other major importers, all calling upon Middle Eastern exporters to bring more crude into the markets. The Int'l Energy Agency (IEA) stated that Saudi Arabia and the UAE could use their spare capacity to compensate for the ever-worsening underperformance of OPEC+, with the missing volumes totaling some 800,000 b/d since the start of 2021.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next