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.
Morning Wrap (08.01.2026)
Daily summary: Alphabet shares support sentiments on Wall Street 🗽Oil, precious metals and crypto slide
US grains surge on commodity fund buying 📈 Wheat up 1.5%
Oil dips below $60 amid EIA report🚨Is a sell-off coming?