OPEC+ Raises Oil Output Quota for Fourth Month
OPEC+ approves fourth oil output quota hike in as many months No changes in group-wide output policy https://t.co/ie0Z7cJ19q
OPEC+ June 7 Meeting Likely only Symbolic Quota Hike
The next OPEC+ meeting is on June 7 - another largely symbolic increase in the quota is expected https://t.co/VGOwbbfug5
Traders Bet $430M on Oil Drop Pre‑Trump Ceasefire
Traders placed bets worth $430 million on a drop in crude prices just 15 minutes before President Trump said he would extend a ceasefire with Iran, which sent the market lower @a_coops1 https://t.co/v167motouv
Oil Prices Plunge as Iran Confirms Hormuz Open
The physical oil market, like the futures, has had a big reaction to Iran saying the Strait of Hormuz is open. WTI Midland crude traded CIF at dated Brent plus $10.40, down a massive $6.80 from Thursday's offer. Lower offers too in...
Oil Prices Surge to $150 Amid Middle East Crisis
Physical oil prices are at the sharp end of the Middle East supply crisis - almost $150 a barrel for some grades today based on the LSEG numbers. OPEC meanwhile sees a relatively small hit to oil demand from the ongoing...
Physical Brent Hits $150 Before Options Predict It
While the options market bets on Brent crude futures hitting a record $150 a barrel, in the physical market cargo prices have already got there https://t.co/mfaujswneF
OPEC+ Poised to Lift Quotas as Hormuz Reopens
OPEC+ eight members meet tomorrow, with an unprecedented situation in the oil market. They will likely consider a quota increase that would signal readiness to raise output once tankers are able to transit the Strait of Hormuz sources say. https://t.co/ppX8SdbsiJ
Middle East War Fuels Energy Nightmare, Says Reuters
Three weeks into the Middle East war, this is where we are from an energy point of view - a nightmare scenario. A weekend read from @Reuters https://t.co/xnlY5DLrvT
Fujairah Resumes Oil Loadings, Prices Set to Rise
UAE's Fujairah resumes oil loadings after attack, sources say. Oil is still expected to open higher when trading resumes tonight https://t.co/PPrPe2zMLy
IEA Report Signals Shift From Oil Oversupply to Shortages
From oversupply to concern of shortages - IEA oil stocks release is coming, sources say https://t.co/ttzyIWK0qw