Latest news with #oilstrategist
Bloomberg
3 days ago
- Business
- Bloomberg
The OPEC+ Production Boost May Have a Bigger Bark Than Bite
Newsletter Energy Daily The real increase in output will likely be smaller than the headline figure, with perhaps only half reaching the market. By Save Welcome to our guide to the commodities markets powering the global economy. Today, oil strategist Julian Lee assesses whether markets can absorb the production increases approved by OPEC+. Oil ministers from OPEC+ members agreed on another big increase in production targets for July. But is there room for those barrels without crashing prices?
Bloomberg
16-05-2025
- Business
- Bloomberg
Oil Market's Missing Barrels Have Gone Up in Smoke
Welcome to our guide to the commodities markets powering the global economy. Today, oil strategist Julian Lee assesses the consequences from a statistical revision to worldwide consumption. Amid the doom and gloom of falling crude prices and weakening demand growth, oil bulls could find one nugget of cheer in the latest report from the International Energy Agency: a modest upward revision to historical consumption.
