Oil prices likely will trade at about $85-$90 a barrel in the third quarter even if OPEC+ producers and allies decide not to extend current supply cuts, said Gunvor Group Ltd.’s global head of research and analysis.
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Oil price news: Oil holds gain with Russian refining and OPEC+ curbs to the foreOil held most its recent gains after reaching the highest close since late October on Monday, as Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts remained in focus.
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Oil Markets Face Supply Deficit All Year on OPEC+ Cuts, IEA SaysGlobal oil markets face a supply deficit throughout 2024, instead of the surplus previously expected, as OPEC+ looks set to continue output cuts in the second half of the year, according to the International Energy Agency.
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Oil Holds Gain With Russian Refining and OPEC+ Curbs in FocusOil held a gain, with Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus.
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Oil Holds Gain With Russian Refining and OPEC+ Curbs in Focus(Bloomberg) -- Oil held a gain, with Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus.Most Read from BloombergApple Is in Talks...
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