Thursday , 12 December 2024
Home Forex Oil: OPEC+ drops its plans to return the oil production – TDS
Forex

Oil: OPEC+ drops its plans to return the oil production – TDS

Reports that OPEC+ has kicked the can on its plans to return unwanted barrels back to markets by three months will keep crude oil prices from falling further in the imminent term, but the drag from energy supply risk premia will persist nonetheless, TDS’ Senior Commodity Strategist Daniel Ghali notes.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

SocGen: We expect USD/JPY to drop into the 130s in the first half of 2025

SocGen expects USD/JPY to experience at least a temporary dip into the...

GBPUSD technical analysis: Key levels to watch for potential price movement

The buyers had their chances to push higher, but momentum failed to...

Canada to consider export taxes on oil and uranium if Trump imposes tariffs – report

Canada lately has been floating a hard line against potential tariffs under...

How bad are China’s true GDP figures? A former official advisor says they’re off by 50%

China is truly a black box.For the past 15 years I've heard...