Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanct...
SINGAPORE - Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by record U.S. crude output and rising commercial fuel inventories.
“In our view, OPEC’s strategy is to rebalance the market as quickly as possible and exit the cuts by the end of June in order to grow production alongside shale producers in the second half of this year,” U.S. investment bank Goldman Sachs said in a note on Wednesday. Within the U.S. sanctions against Iran, Washington granted its biggest buyers - mostly in Asia - waivers when the measures were re-introduced in November 2018 that would allow them to buy limited amounts of crude for another 180 days.
“There was a surprisingly large stockbuild, which was bearish,” French bank Societe Generale said in a note following the EIA report.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Oil edges up on OPEC cuts, U.S. sanctions against Venezuela and IranOil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions ag...
Consulte Mais informação »
OPEC can declare mission accomplished on price-boosting oil output cuts by April: Goldman SachsOPEC's production cuts will probably achieve their goal of draining oversupply from the oil market by April, Goldman Sachs commodities chief Jeff Currie predicts.
Consulte Mais informação »
Oil prices rise on trade deal hopes, OPEC supply cutsOil prices rose on Monday, buoyed by output cuts by producer club OPEC and repor...
Consulte Mais informação »
Oil rises as U.S.-China trade deal appears close, OPEC further cuts supplyOil prices rose on Monday as supply tightened amid output cuts by producer club ...
Consulte Mais informação »
Oil prices steady, supported by OPEC tightening suppliesOil prices were broadly steady on Friday as surging U.S. supply and concerns of ...
Consulte Mais informação »
Oil falls on weak demand growth outlook; OPEC-led cuts supportOil prices fell on Tuesday as markets eyed only modest prospects for growth in f...
Consulte Mais informação »
Oil falls as China trims economic growth target, but OPEC-led cuts supportOil prices fell on Tuesday as China cut its 2019 economic growth target, dimming...
Consulte Mais informação »
OPEC rescued oil from 'total collapse,' Barkindo says, but the US prevented 'major chaos'Oil producing group OPEC is responsible for salvaging the entire oil industry with its deal to curb output, OPEC's secretary general told CNBC.
Consulte Mais informação »
Oil rises on OPEC supply cuts, but surging U.S. output and economic slowdown weighOil prices rose on Friday as markets tightened amid output cuts by producer club...
Consulte Mais informação »
Oil climbs amid OPEC-led supply cuts, but economic weakness dragsOil prices climbed on Friday as markets tightened amid output cuts by producer c...
Consulte Mais informação »