2:30 PM · 5 October 2022

BREAKING: OPEC + decides to cut production by 2 million bpd!

The OPEC + meeting has started. The first reports say that production is cut by 2 million barrels per day.

However, on closer inspection, the cuts are referring to r the full production target. Currently, OPEC + produces 3.5 million barrels per day less than the production limit. If this were true, the real cut could be as low as less than 1 million barrels a day from countries such as Russia, Saudi Arabia and the UAE.

Crude oil is rising immediately, however the details are not supportive for market bulls. Source: xStation5

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Daily Summary: Chip War Weighs on Wall Street as Oil Plunges After US–Iran Ceasefire ⭐

27 July 2026, 11:00 AM

🔴European TTF gas prices fall by 7.5%

27 July 2026, 6:28 AM

Morning Wrap: The weekend slump in oil prices is accelerating 💥 (27.07.2026)

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When will the rise in oil prices reach us?

Commodities

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