Tag Archives: OPEC+

Suggested $100 oil unlikely given abundance of OPEC capacity

According to a new report by Bloomberg Intelligence (BI), a supply gap big enough to push crude to a speculated $100 a barrel is unlikely, especially as OPEC has spare capacity of 9.2 million barrels a day. BI says that Read more »


Oil prices rise on OPEC+ deal extension

An agreement to extend the deal on record production cuts until the end of July which was reached at a virtual meeting of OPEC+ on 4 June, saw oil prices climb to their highest level in 3 months. In addition Read more »