BREAKING: A large agreement is possible regarding the cut in oil production

The first news from the OPEC + video conference on a new production cut agreement points to a solution to the problems between Russia and Saudi Arabia. Both sides were to agree on the need for a deep production cuts . Such information comes from both Russian and Arabian sources At the moment, there is talk about an agreement of even 20 million brk per day cuts. Details will be key. Will the reference point be the April production or rather the Q1 average? Has the agreement included cuts from countries outside the OPEC + agreement? Oil clearly bounces, WTI at USD 28 per barrel.

Oil rebounced after the start of the OPEC + conference. Source: xStation5

11 June 2026, 6:55 AM

Morning Wrap: Risk appetite is back despite new exchange of US-Iran strikes (11.06.2026)

10 June 2026, 6:23 PM

Daily Summary: Stocks and gold on their knees as US will continue strikes on Iran (10.06.2026)

10 June 2026, 4:41 PM

Crude Oil Output Drops to a Two-Decades Low 🛢️ 📉 Market freezes after EIA report 📌

10 June 2026, 3:30 PM

The conflict in Iran does not have to end

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