Latest Breaking News On - Raoul leblanc - Page 19 : comparemela.com

Premium Content Oil Flirts With $70 After The OPEC+ Surprise By Josh Owens - Mar 05, 2021, 2:00 PM CST Brent is now flirting with the $70 mark after OPEC+ shocked markets once again by refusing to bring more oil production online. In this week s Global Energy Alert, our trading team delves into how an inflationary environment will impact oil stocks. Friday, March 5th, 2021 Oil skyrocketed on Thursday after OPEC+ decided to hold off on easing production cuts for another month, surprising the oil market. WTI and Brent shot up more than 4%. During early trading on Friday, Brent surpassed $69 per barrel,  OPEC+ extends cuts, surprising market. OPEC+ extended the cuts through April, aside from a slight increase allowed for Russia and Kazakhstan, due to seasonal consumption patterns. Even Saudi Arabia decided to keep its 1 mb/d of voluntary cuts in place. The surprise news led to a price surge. “One of the reasons the market is continuing to react positively today cou

Demerara mahaicaUnited statesSaudi arabiaRaoul leblancScott sheffieldJosh owensWood mackenzieBig oilChevron corpGlobal energy alertOccidental petroleumClean energy systemsRystad energyPioneer natural resourcesInvestor dayGuyana exxonmobil