Tag: production cuts

Jan92025 by adminNo Comments

Oil Traders Turn Bullish for 2025

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Irina Slav Irina is an author for Oilprice.com with over a years of experience composing on the oil and gas market. More Info Premium Content By Irina Slav - Jan 08, 2025, 6:00 PM CST Petroleum traders have actually moved from net brief to net long positions in oil and fuel futures. Trump's prospective re-enforcement of sanctions on Iran might decrease Iranian oil exports, especially to China. Extra elements such as slowing oil production development in the Permian Basin, China's supporting need, and OPEC+ production cuts are enhancing bullish belief in the o...

Oct232024 by adminNo Comments

How Saudi Oil Policies Could Cripple Russia’s War Effort

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Tsvetana Paraskova Tsvetana is an author for Oilprice.com with over a years of experience composing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova - Oct 15, 2024, 7:00 PM CDT The OPEC+ group, led by Saudi Arabia, prepares to start including oil supply to the marketplace as early as December. Low oil costs might be an even larger drag on Russian spending plan incomes than the Western sanctions. If oil costs were to drop materially amidst adequate supply, the profits struck on Russia might be huge. ...