Oil Markets Refocus on OPEC as Iran-Israel Conflict Cools ...Middle East

Oil markets are now refocusing on OPEC+ as the Iran-Israel ceasefire continues to hold, with the cartel's meeting this weekend likely to be the next big market mover.- Ever since OPEC+ countries started to unwind their 2.2 million b/d worth of voluntary production cuts, the expectation was that Middle Eastern producers would start to flood the markets in order to re-gain market share.   - Saudi Arabia’s June export numbers indicate that Saudi Aramco is doubling down on its production hikes, shipping 6.4 million b/d in seaborne…

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil Markets Refocus on OPEC as Iran-Israel Conflict Cools )

Also on site :

• Bank of England chief sees downward interest rate trend as UK hunts for growth
• Saudi Aramco Set to Raise Oil Prices to Asia Amid Strong Demand
• As Debt Piles Up, Countries See Fiscal Relief as Political Leverage