OPINION/EDITORIAL

Oil Remains Elevated After Hurricane Ida Hurts Supply

September 3, 2021/OilPrice.com A disappointing U.S. Non-Farm Payrolls report brought oil prices down slightly on Friday morning, but the supply destruction caused by Hurricane Ida looks set to keep prices elevated over the week. Friday, September 3rd, 2021 An improving demand picture and a slower-than-anticipated supply recovery after Hurricane Ida […]

OPECplus Maintains Monthly Output Increase by 400,000bpd

September 3, 2021/CSL Research At the OPEC and non-OPEC ministerial meeting (ONOMM) which was held earlier this week, the committee reaffirmed its position to maintain a gradual monthly output increase by 400,000 bpd. The decision of OPEC to stand pat was unwavering, despite the call by Washington to ramp up […]