Quotes from the news wire:
With supply being managed through the compliance among OPEC+ and demand recovering in North Asia, particularly in China, things are moving in the right direction in terms of supporting oil prices, if there is no surprise in a second or third wave in the virus attack and key members of OPEC+, Saudi Arabia in particular, are doing more cuts, we expect a gradual recovery will continue in the second half.
Found on Reuters 4 years ago
If there is no surprise in a second or third wave in the virus attack and key members of OPEC+, Saudi Arabia in particular, are doing more cuts, we expect a gradual recovery will continue in the second half.
Found on Reuters 4 years ago
Coronavirus is still spreading globally and no doubt the virus' spread in major economies like the United States will continue to hurt oil demand.
Found on Reuters 4 years ago
The bottom line becomes the available spare capacity within OPEC ... and the markets have started to focus on that.
Found on Reuters 6 years ago
The bottom line becomes the available spare capacity within OPEC ... and the markets have started to focus on that, it is likely that concern will support prices all through the summer, while demand continues to be strong during the summer peak.
Found on Reuters 6 years ago
It is likely that concern will support prices all through the summer, while demand continues to be strong during the summer peak.
Found on Reuters 6 years ago
OPEC is indeed increasing supplies, practising their market share first strategy.
Found on Reuters 8 years ago
The market is going to be held in suspense for a few weeks, there is going to be pressure on the participants in the meeting to ensure they achieve something. Otherwise they risk the support-market sentiment that we are seeing now dissipate rapidly.
Found on Reuters 8 years ago
There is going to be pressure on the participants in the meeting to ensure they achieve something. Otherwise they risk the support-market sentiment that we are seeing now dissipate rapidly.
Found on Reuters 8 years ago
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