Abu Dhabi’s #ADNOC boosted its official oil production capacity to 4.85 million bpd, according to the company’s website. The UAE is getting closer to its 5 million bpd target. #OOTT#Opec
#Iran Apr production edges down from 5yr high, while #Iraq sees a modest decline but still pumps well above its quota (as did #Gabon), which saw #OPEC miss targeted cuts by ~140kbd despite drop in #Nigeria production due to cont'd issues there.
#oott
#Iran Apr production edges down from 5yr high, while #Iraq sees a modest decline but still pumps well above its quota (as did #Gabon), which saw #OPEC miss targeted cuts by ~140kbd despite drop in #Nigeria production due to cont'd issues there.
#oott https://t.co/eaDKVHNp2z
The United States is a respectable, second-tier world oil reserve holder similar to Libya
Reserves are about half of Russia's, 1/3 of Iraq's, & about 1/5 of Iran's & Saudi Arabia's
#energy#OOTT#oilandgas#WTI#CrudeOil#fintwit#OPEC#Commodities
demand still Meh...
end of the day its about demand..not supply..we know what #opec+ has done...but they have no clue what demand will do..as whole world thinks recovery..BUT we are in #stagflation -> recession!
demand still Meh...
end of the day its about demand..not supply..we know what #opec+ has done...but they have no clue what demand will do..as whole world thinks recovery..BUT we are in #stagflation -> recession!
Only yesterday #oil lost the 50 DMA (blue) support and today it's about to repeat the trick with the 200 DMA (red). An impressive agility.
$oil #opec#brent
#OPEC Oil Production Stays Steady, Leaving New Cuts Unfinished
Libya and Iraq increase while Iran and Nigeria decline
Baghdad has pledged to compensate for exceeding quota
#oottbloomberg.com/news/articles/…
This can be a fabulous career if you understand it (IF NOT seek prof. help before you blow up your acct)
#WTI#OIL FUTURES #CL_F live quote ---> $81.30s
#BRENT#OOTT#OPEC $USO $XLE
EIA inventory data at 10:30amET
M-F 8:45amET BEST IN CLASS trading analytics to your inbox
This can be a fabulous career if you understand it (IF NOT seek prof. help before you blow up your acct)
#WTI#OIL FUTURES #CL_F live quote ---> $81.30s
#BRENT#OOTT#OPEC $USO $XLE
EIA inventory data at 10:30amET
M-F 8:45amET BEST IN CLASS trading analytics to your inbox
#WTI#OIL FUTURES #CL_F
Screenshot👇of PDF email sent yday 5:56pmET
Live $ ---> $80.62
bounces off low to $80.52 and then instantly > 100 bid appears on the bid at $80.35
* low ---> $80.31 at 8:10am today
BEST IN CLASS trading analytics (see profile link)
#BRENT#OOTT#OPEC
someone needs to send the memo to #opec+ that it is not just about their supply
DEMAND is a dynamic moving factor
MBCC models on an ongoing basis and we tell you what #oil WILL do..macro cycles/cross assets pick it up BEFORE analysts do!
$99/month
mbcommoditycorner.substack.com
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