eurusd-is-falling-what-to-expect-from-the-future-price-movement
Tag - oil
The movement up goes on. What will happen with oil and gold prices?
Well, well, well, looks like the OPEC Conference had an Extraordinary 183rd Meeting on the 31st of March, and made some changes. They gave the International Energy Agency (IEA) the boot and replaced them with Wood Mackenzie and Rystad Energy as their secondary sources for oil supply and demand...
China's economy is rocketing. On the other hand OPEC+ countries take the decision to cut the production. What will be the impact on the oil price?
Oil prices fell to a three-month low following the release of US inflation data which was in line with expectations…
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
US oil exports reached a record last week at five million barrels a day, according to Energy Information Administration data…
The oil prices rally and world central banks’ dovish monetary policy caused by the Covid-19 pandemic were the main reasons for current inflation growth…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Bloomberg reported that ‘the S&P 500 Energy Index has outperformed the broader S&P 500 by 21 percentage points so far this year'.
Organization of the Petroleum Exporting Countries (OPEC) is scheduled to meet on January 4.
OPEC-JMMC meetings will be hosted on Thursday, December 2 during the whole day.