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: Records on Wall Street in anticipation of the opening of the Strait of Hormuz (16.04.2026)
Daily summary: The market pauses at the top
BREAKING: First U.S. inventory decline in two months, mainly due to record exports
Market Wrap: Luxury Under Pressure, AI Drives Market Divergence