Traders seem to have finally realized that OPEC+ is serious about keeping crude oil supply constrained. Kemp: traders are buying oil at the fastest rate since 2020. According to the Reuters numbers, in the week ending March 19, traders bought the equivalent of 140 million barrels across the six most traded crude and fuel contracts. …
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Hamas political deputy chief Khalil al-Yahya stated on Thursday that he holds a pessimistic view regarding the potential for a ceasefire agreement in the near future, claiming that Israeli Prime Minister Benjamin Netanyahu intends to prolong the military “onslaught” in the Gaza Strip.During an interview with Iranian Press TV in Tehran, al-Yahya stressed that the …
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(Bloomberg) — US Vice President Kamala Harris warned Israel against a major attack on the Gazan city of Rafah, where more than a million Palestinians have sought refuge as the war against Hamas continues. While broadly in line with the Biden administration’s repeated cautions to Israel, Harris’ comments on Sunday went beyond remarks by Secretary …
Donald Trump’s business empire was supposed to be in peril like never before on Monday. Instead, it turned into the single-greatest day on record for the former president’s wealth. Facing a deadline to post a bond of more than $500 million in a New York fraud lawsuit, a state appeals court tossed him a lifeline, …
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Israel is planning to launch a ground military operation in the Gazan city of Rafah by the middle of April or early May at the latest, the Al-Akhbar newspaper reported on Wednesday, citing Egyptian sources familiar with the matter. The sources said Israel made the final decision after its latest round of negotiations with Hamas …
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Their must be a thousand videos on Golden Crosses.. They really suck the traders in. We will cash out of our long positions as they cash in. And roll into a bearish short. A “golden cross” occurres when the 50 day, 100 day and 200 day moving averages cross. This type of activity indicates that …
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OPEC+ set to affirm its policy of production cuts amid tensions in the Middle East and Russia. West Texas Intermediate settled above $81, while global benchmark Brent closed above $86 a barrel. OPEC+ delegates aren’t seeing a need to change supply policy at a review meeting next week, according to several national officials, with quotas …
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In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts have moved prices higher. Long positions held by hedge funds and other money managers have seen the strongest influx of bullish interest since September 2023, indicating …
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OPEC+ group: no need for change in next JMCC meeting. OPEC+ members have collectively decided to voluntarily cut 2.2 million barrels per day (bpd) from the group’s production this quarter. The production estimates for February have shown that some of OPEC+ members – especially Iraq and Kazakhstan – continued to overproduce above their respective quotas. …
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Russia’s government has ordered oil companies to lower their output in the second quarter so that the country can meet its OPEC+ production target of 9 million barrels per day (bpd) by the end of June. Previously, Russian Deputy Prime Minister Alexander Novak announced that Russia would cut oil output and exports by an extra 471,000 barrels per day …
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