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OPEC+ called off its meeting this week without an agreement to increase oil supplies. Some market participants still expect a deal to be struck but others say the spat could lead to a price war. In this podcast, ING's Warren Patterson shares his ...
Crude oil prices traded firm yesterday on healthy gasoline demand in the US and an overall constructive report from OPEC. The group now expects global oil demand to increase by 5.89MMbbls/d YoY in 2021 as compared to its estimate last month of ...
In the lead up to Thursday’s meeting there was plenty of uncertainty around what OPEC+ might do, particularly given the strength that we have seen in the market so far this year, with Brent up more than 28% YTD. The group at the start of the year ...