OPEC+: Easing production cuts in October and non-compliance challenges of the members

Amidst the volatility in the Middle East and the evolving concerns over the health of the global economy as a whole, the ministers of the OPEC+, OPEC countries plus Russia, are facing the same old dilemma before their next meeting - restoring the production cuts as promised in October or maintainin…

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Crude Oil Markets: falling Chinese diesel consumption and Rising Russian Oil Exports

With the impact of the Middle Eastern volatility on crude oil prices having diminished, aside from minor spikes during occasional military flare-ups, long-term demand concerns now seem to be the primary driver of oil markets. Although the atmosphere in the Middle East is far from settled, the ground…

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Oil prices slightly recover, but volatility remains in the Middle East

Crude oil prices started falling on Monday as the markets opened for business, despite the extreme volatility in the Middle East that bordered on a major military conflict.  At present, Iran - and its allies - and Israel are on the brink of a major confrontation, unless a face-saving move is made co…

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The Crude Reality: oil prices are back in static territory!

As the prevailing tensions in the Middle East gradually ease, the short-lived spike in oil prices appears to be dying  down, leaving the oil markets back at the mercy of the usual factors.  With the two successive assassinations of key figures,  a few hours apart,  in the conflict in the Middle East, …

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