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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (122076)	3/18/2022 3:39:54 PM
From: Goose94	Read Replies (1) \| Respond to of 203441

Crude Oil: Volatility Is Here To Stay Hopes that Russia and Ukraine would come to some sort of agreement during the most recent set of talks evaporated quickly this week, sending oil prices back above the $100 per barrel threshold. Meanwhile, the International Energy Agency has said that the current energy crisis may worsen in the upcoming weeks, suggesting consumers will have to bear the brunt of a 3 million b/d supply crunch if Russia does not end its invasion of Ukraine. The suggestion from the IEA is that consumers could mitigate this pain by staying home, shunning air travel, and even reducing speed limits. In brief, the volatility we have been seeing so far is far from over. OPEC+ Compliance Rises to Whopping 136%. The widening discrepancy between production targets and actual output from OPEC+ members reached a new high in February, with participating states underperforming the quota at 136%, equivalent to almost 1 million b/d. IEA Warns Russia May Lose 3 Million B/d of Output. According to the International Energy Agency, sanctions could force Russia to cut 3 million b/d of oil production, with 1.5 million b/d coming from shrinking marketing opportunities for crude and another 1 million b/d from declining product exports. Oilprice.com