OPEC

SlavkoSereda/iStock via Getty Images Crude oil futures settled higher Tuesday as Reuters reported OPEC and its allies will consider extending voluntary production cuts into Q2. OPEC+ agreed in November to voluntary cuts totaling ~2.2M…

SlavkoSereda/iStock via Getty Images OPEC maintained its forecast for more strong growth in global oil demand in 2024, while expecting a significant increase in oil use in 2025, led by China and the Middle East. The outlook for 2025…

Crude oil tankerGetty ImagesOPEC+ can't cut oil output enough to push prices higher than where they're at.According to one expert, that's because the US is producing a record amount of oil.A softening economic outlook will hit oil demand…

OIL PRICE FORECAST:Most Read: What is OPEC and What is Their Role in Global Markets?Oil shook off an early day slump to rally during the latter half of the European session to trade around 1.37% higher on the day and eyeing the $70 a barrel…

CRUDE OIL ANALYSIS & TALKING POINTSOPEC+ decision to extend cuts unable to bolster crude oil prices.Potential USD rebound may hinder crude oil bulls.Bearish signals could see crude oil prices breakdown further.Elevate your trading…

Amidst the labyrinth of global oil policies, OPEC+ engages in crucial talks, contemplating additional oil supply cuts to stabilize the market. As Saudi Arabia, Russia, and other key players account for over 40% of global supply, the ongoing…

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OIL PRICE FORECAST:Oil Failed at the 200-Day MA as the Technical and Fundamental Factors Weighed on the Price.OPEC+ Announce 2 Million bpd Cuts for Q1 2024 but it Appears Markets Expected More.Will the Bulls Recover or is a Retest of $70 a…

Oil prices have dribbled just a little lower in Asia trade. The move is very small ahead of the OPEC+ meeting later today:OPEC + is the Organization of Petroleum Exporting Countries and its allies such as RussiaScuttlebutt on the meeting…

OIL PRICE FORECAST:Oil Continues to Advance as Market Participants Eye Further Cuts by OPEC+.Rumors Suggest That There is Still Disagreements Regarding 2024 Quotas Within OPEC+.WTI Faces Technical Hurdles While Retail Traders are…