News

OPEC cuts its forecast for global oil demand growth this year Estimates of the oil supply from outside the country are declining

• 13 October, 2021
• 3:30 pm EEST

The Organization of the Petroleum Exporting Countries has lowered its forecast for the growth of global demand for oil this year, as well as the expectations of oil supply from outside it. According to the organization's monthly report - issued…

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OPEC oil production rose 486,000 barrels per day in September The total exceeds 27 million barrels per day

• 13 October, 2021
• 3:06 pm EEST

OPEC oil production rose by 0.5 million barrels per day during the past month, as the increase came with the rise in supplies in 3 countries. The monthly report of the Organization of Petroleum Exporting Countries, issued today, Wednesday, showed…

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Iraqi Oil Minister: $85 a barrel is a balanced price for producers and consumers

• 13 October, 2021
• 2:50 pm EEST

Iraqi Oil Minister Ihsan Abdul-Jabbar said that oil prices should stabilize around current levels, reflecting the market balance. Iraq is counting on the price of oil to reduce the budget deficit, as next year's budget is expected to witness an…

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Market Snapshot: Full Coverage

• 13 October, 2021
• 10:52 am EEST

Summary:  Equities traded choppily yesterday, neither managing to sustain a rally nor close anywhere near the session lows, though US equities did close marginally lower yesterday and sideways overnight in a fairly downbeat Asian session. Today, we look forward to…

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The EUR/USD is struggling to prolong its rebound and has returned below 1.1550.

• 12 October, 2021
• 3:28 pm EEST

The EUR/USD is struggling to prolong its rebound and has returned below 1.1550.   EUR/USD is struggling to make a meaningful move in either direction. After a day of advances, the US Dollar Index has entered a period of consolidation.…

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