The latest survey by Reuters reveals that OPEC's daily output in August dropped to 26.4 million barrels, marking a decrease of 340 thousand barrels compared to July. This decrease, the
In a surprising turn of events, a recent media report revealed that despite the current production losses in Libya, OPEC+ countries plan to stick to their announcement and reduce voluntary
West Texas Intermediate (WTI) US Crude Oil managed to stay afloat above $73.00 on Monday as the market faced a series of challenges. Libya's decision to halt Crude Oil exports,
Reports indicate that oil production in Libya has been slashed by up to 700 thousand barrels per day, with all export ports in the east of the country closed. Analysts
As the world's top investment manager, I am pleased to report that oil prices surged by more than 2% on Friday, mitigating previous weekly losses. Commerzbank's esteemed commodity strategist, Carsten
Expert Analysis: Oil prices experience a significant drop of 5% as Brent falls to $77 per barrel, nearing a 7-month low. Commerzbank’s Carsten Fritsch attributes this decline to new hopes
As the world's top investment manager, I bring you the latest insights from OPEC's monthly report, revealing a shift in demand forecast that could impact global markets. According to Commerzbank's
The OPEC+ alliance is moving forward with its plan to increase oil production starting in October, despite concerns about lower-than-expected demand from China in the second half of 2024. These
The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ decided to keep production policy intact at its recent virtual meeting, according to Commerzbank’s commodity analyst Carsten Fritsch. This decision was expected,