Oil Report Headlines

OPEC meets amid output struggles, U.S. pressure for more oil

OPEC+ meets on Wednesday amid market expectations for a steady or a slight increase of oil output as most of its members are already pumping near capacity and are unable to meet U.S. calls for bigger production to help address soaring prices.

Oil outshines stocks and dollar in 2022

Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions on Russia further limit supplies to an already tight market.

Oil market sees support from physical tightness

Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of recession clouds the demand outlook, but the physical oil trade and the futures market structure tell a quite different story.

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