3:45 PM · 23 August 2022

BREAKING: OPEC+ may decide to cut when Iran returns to the market

Breaking news, OPEC+ may consider cutting production when Iran would return to the market. This is a possibility with the nuclear deal, which has been quite talked about recently. Iran could bring about 1-2 million barrels per day to the market fairly quickly. However, OPEC+ has a lot of room for a potential cut, given the strong production growth from Saudi Arabia or Russia.

Oil is breaking out of a downtrend today and is close to testing the $94-95 area. The breakout of the last local peak could give signals to break out of the downward sequence.

Source: xStation5

6 August 2026, 5:54 PM

Wheat extends correction, falls to its lowest level since July 10 🚩 Drought, El Niño and the Black Sea in focus

6 August 2026, 3:58 PM

📉 Natural gas tumbles as US EIA inventories rise

6 August 2026, 3:48 PM

Oil climbs back above $80 per barrel 🔼

6 August 2026, 7:09 AM

Morning Wrap: Equities under pressure after Wall Street took profits, FX frozen (06.08.2026)

Commodities

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