Oil Kneejerks On Fresh OPEC+ Discord Headlines
Oil Kneejerks On Fresh OPEC+ Discord Headlines | OilPrice.com
| WTI Crude •10 mins | 76.29 | +1.43 | +1.91% |
| Brent Crude •10 mins | 81.42 | +1.44 | +1.80% |
| Murban Crude •15 mins | 81.77 | +0.40 | +0.49% |
| Natural Gas •12 mins | 2.780 | -0.014 | -0.50% |
| Gasoline •10 mins | 2.220 | +0.040 | +1.82% |
| Louisiana Light •7 days | 82.10 | +0.80 | +0.98% |
Louisiana Light • 7 days 82.10 +0.80 +0.98% Bonny Light • 1 day 80.11 -1.52 -1.86% Opec Basket • 4 days 84.16 +0.38 +0.45% Mars US • 25 days 79.71 -2.05 -2.51% Gasoline • 10 mins 2.220 +0.040 +1.82%
| Marine •1 day | 80.96 | -1.71 | -2.07% |
| Murban •1 day | 81.55 | -1.64 | -1.97% |
| Iran Heavy •1 day | 80.64 | -1.56 | -1.90% |
| Basra Light •728 days | 71.69 | -3.60 | -4.78% |
| Saharan Blend •1 day | 80.84 | -0.62 | -0.76% |
| Bonny Light •1 day | 80.11 | -1.52 | -1.86% |
Bonny Light • 1 day 80.11 -1.52 -1.86% Girassol • 1 day 80.79 -1.42 -1.73% Opec Basket • 4 days 84.16 +0.38 +0.45%
| Canadian Crude Index •181 days | 53.57 | -1.23 | -2.24% |
| Western Canadian Select •9 hours | 49.86 | -0.68 | -1.35% |
| Canadian Condensate •9 hours | 77.01 | -0.68 | -0.88% |
| Premium Synthetic •9 hours | 75.26 | -0.68 | -0.90% |
| Sweet Crude •9 hours | 65.76 | -0.68 | -1.02% |
| Peace Sour •9 hours | 58.61 | -0.68 | -1.15% |
Peace Sour • 9 hours 58.61 -0.68 -1.15% Light Sour Blend • 9 hours 62.46 -0.68 -1.08% Syncrude Sweet Premium • 9 hours 67.06 -0.68 -1.00% Central Alberta • 9 hours 60.61 -0.68 -1.11%
| Louisiana Light •7 days | 82.10 | +0.80 | +0.98% |
| Domestic Swt. @ Cushing •4 days | 72.02 | -1.56 | -2.12% |
| Giddings •4 days | 65.77 | -1.56 | -2.32% |
| ANS West Coast •6 days | 84.23 | -0.79 | -0.93% |
| West Texas Sour •4 days | 71.07 | -1.56 | -2.15% |
| Eagle Ford •4 days | 72.02 | -1.56 | -2.12% |
Eagle Ford • 4 days 72.02 -1.56 -2.12% Oklahoma Sweet • 4 days 72.25 -1.50 -2.03% Kansas Common • 6 days 67.25 -0.75 -1.10% Buena Vista • 6 days 83.36 -0.42 -0.50%
Oil Kneejerks On Fresh OPEC+ Discord Headlines
U.S. natural gas utilities are…
Rystad Energy concluded that global…
ZeroHedge
The leading economics blog online covering financial issues, geopolitics and trading.
What would an OPEC+ meeting week be without the parade of strawman, market-testing headlines dropped to gauge traders' stress levels.
OPEC is set to hold an online meeting on Thursday, ahead of OPEC+ meeting later in the day to decide future oil production policy, a source said according to Reuters.
The meeting, which was postponed two days ago, is rescheduled at 4:00 PM KSA on Thursday according to a draft agenda seen by the news agency.
This morning, Reuters reports that, according to four sources:
"talks are difficult" (well, no news there) "a further delay is possible" (possible... not probable) "policy rollover is a possibility" (that's the kicker, we suspect, as bulls are clearly hoping for more cuts)
Bloomberg also confirms that, according to delegates, OPEC+ is no closer to resolving the deadlock over oil-output quotas for some African members that has already forced the group to delay a critical meeting amid faltering prices.
The Saudi-led alliance hasn’t been able to reach an agreement with Angola and Nigeria, which are pushing back against lower quota limits for 2024, which reflect their diminished production capabilities.
The first reaction from the algos to sell was swift, but prices veered back within the hour.
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We await the denials - or confirmations.
By Zerohedge.com
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