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Tagged as 'barrel oil'

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April 15 2020

Crude oil in the face of record production cuts

Although the OPEC countries reached an agreement and decided to cut production, they were not enough for a rebound on the black gold market. The demand for raw material is still less than supply. Thursday [...]

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April 10 2020

There is agreement and reduction after the OPEC + summit. What does this mean for the oil market?

Recent opponents reconciled, but oversupply is a foregone conclusion. Coronavirus will wipe out five years of oil consumption increase. To fight for market sustainability - OPEC + decided to initially cut production by 10 million b / d. Means [...]

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April 8 2020

Agreement at the OPEC + Summit? Almost mission impossible

A sudden shift of the summit, awakened hopes for agreement and prices hanging on the thread of speculation about its success. The oil market is recently a real roller coaster among unprecedentedly volatile markets, and analysts [...]

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April 6 2020

Resources count on support in the form of a fiscal bazooka

The coronavirus pandemic triggered three significant macroeconomic impulses. All three in the coming months will significantly affect commodity markets, in particular the energy sector. The global economy is currently experiencing [...]

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