Oil Markets Brush Off the OPEC+ Production Push ...Middle East

OILPRICE - Economy
Oil Markets Brush Off the OPEC+ Production Push
source : OILPRICE ( Middle East ) () 50
Oil prices have remained elevated at the start of this week despite expectations that OPEC+ will approve another big production boost for September.- Diesel was widely expected to be the main refined products underperformer this year but, defying Trump tariffs and lower Chinese demand, the middle distillate has been shining lately as Europe struggles to keep its refinery operations steady.- The front-month diesel East-West price spread rose to more than $73 per metric tonne this week, the widest it has been since December 2023, just as the ICE…

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