According to Energy Intel Amena Bakr, OPEC mebers are discusing potential 2 year deal. Possible cuts of 10-12 mln bpd would start in May and last until the end of June, followed by additional cut of 8 mln bpd from July to December 2020 and 6 mln BPD cut from January 2021 to April 2022.
Daily Summary: Stocks and gold on their knees as US will continue strikes on Iran (10.06.2026)
Crude Oil Output Drops to a Two-Decades Low 🛢️ 📉 Market freezes after EIA report 📌
The conflict in Iran does not have to end
Market Wrap: Nervous wait for U.S. Inflation