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Brent Oil Futures - Jun 24 (LCOM4)

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LCODerivedUSD
BRRTSc1MoscowUSD
LCOc1ICEUSD
LCOc2ICEUSD
LCOc3ICEUSD
LCOc4ICEUSD
LCOc5ICEUSD
LCOc6ICEUSD
LCOc7ICEUSD
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87.85
-0.57(-0.64%)
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Brent Oil Futures Discussions

What is the impact on price
no demand than no supply increment that's why crude prices will be up till month
(Argus Media) - The Opec+ group today agreed to stay the course and make no change to its crude output target for the start of next year, according to delegate sources. The decision to roll over the 2mn b/d quota cut that was agreed at the previous ministerial meeting in October comes against a background of lingering concerns over the outlook for the global economy, but also several key uncertainties on both the supply and demand sides of the equation going into next year. A major source of uncertainty is what impact the EU's embargo on seaborne Russian crude imports and the G7's price cap on Russian shipments to third-party countries will have on supply. The embargo and price cap come into force tomorrow, 5 December.
As always, many thanks for posting these nuggets!
Thank you mate, I really appreciate you taking to time to post news on this forum
60📉
don't short in crude
100$ within a week
not this year or next
OPEC+ MINISTERS FORMALLY ENDORSE OUTPUT POLICY ROLLOVER; OPEC+ TO HOLD NEXT MEETING FEB 1 - SOURCE
OPEC members will also constantly cheat and over produce on their quotas
The next JMMC meeting is on Feb 1st
The Opec+ coalition's Joint Ministerial Monitoring Committee (JMMC) has recommended ministers stay the course and make no change to output policy when they meet today, according to two delegate sources. The recommendation comes amid lingering concerns over the outlook for the global economy, but also several key uncertainties on both the supply and demand sides of the equation going into next year. A major source of uncertainty is what impact the EU's embargo on Russian seaborne crude imports and the G7's $60/bl price cap on Russian shipments to third-party countries will have on supply. The embargo and price cap come into force tomorrow, 5 December.
what will be tomorrow price opening
92
83
what's the time of OPEC meeting
It started 1.5h ago
status quo is the outcome
How is it possible that all the spammers can continue day in and day out without any change? Why isn’t anyone doing something about it?
nobody cares
target 65,G7 like terror act😊👍
In advance of EU sanctions coming into place next week, Russia produced 10.9 million bpd in November and has increased exports to China, India, South Korea and Japan last month. Despite poor consumption data in China, Refinitiv Research data shows that Asia imported a record 29.1 million barrels per day (bpd) of crude oil in November, compared to 25.6 million bpd in October and 26.6 million bpd in September.  Even though Asian buyers haven’t joined the G7 oil price cap proposal, uncertainty about the future supply of Russian crude, and the ability to finance and insure Russian crude cargoes have sparked concern among Asian importers.
With only 3 days to go until the EU ban on Russian seaborne crude imports gets implemented, Russian oil producers are going against all expectations and have actually ramped up production in recent weeks, according to some accounts. On October 5th, the group of oil producers known as OPEC+ agreed to cut production in November by 2 million bpd, ignoring calls from the U.S. to pump more crude to keep prices palatable for consumers. The proposed cut came at a moment when OPEC+ deemed it necessary to cut production to stabilize crude markets in the face of wavering global demand this autumn. One month later, the actual results of the proposed cuts are beginning to roll in. According to a Reuters survey, actual OPEC production in November amounted to 29.01 million bpd, some 710,000 bpd less than in October. The heavy lifting, according to the survey, was done by Saudi Arabia, which cut its November output by 500,000 bpd compared to October.
Russia rejects $60 oil price cap, warns of response. Big gapup expected on Monday...
then 75/85 may be the range for some time
No incerease
Why should it increase? Demand is going to trend down next year. Quite possible that oil has peaked for now
300
if policy remain same, we can see new low in crude on Monday itself
Why ?
The JMMC kicks off at noon tomorrow Vienna time, then followed by the OPEC+ meeting
G7 60 $ deal going to.push Oiprice into oblivion
It won't unless the EU and G7 lift sanctions on seabornè imports of Russian oil (which kicks in on December 6th
And if OPEC+ cuts more tomorrow then we will have more upside
this is what my statement meant
Mrs Croft has been absolutely wrong in calling the direction of the market
Only newspaper, but intresting view n opecs meeting tomorrow. Lets see.
Do any one know wich time opec meeting starts?
tomorrow 11:00 AM mountain time
These investments promotions are getting annoying, no one wants to read that garbage. Stop ruining the chat, there should be restrictions against those annoing comments
Was not reffering to you , you posted stuff we want see in this chat . Not get rich quick scams like the other comments
Was not reffering to you , you posted stuff we want see in this chat . Not get rich quick scams like the other comments
Okej, saw that now
Speaking earlier this week, RBC Capital Markets' Helima Croft said there was no expectation of a production increase from the upcoming OPEC+ meeting and a "significant chance" of a deeper output cut. "There is so much uncertainty," Croft told CNBC's "Squawk Box" on Tuesday. OPEC delegates "have to factor in what happens with China but also what happens with Russian production." However, after news that Sunday's meeting will be held virtually, rather than in-person, Croft said in a research note that OPEC had opted for "no-drama optics" which "seemingly increases the likelihood of a rollover decision." "Irrespective of whether the group chooses to stay the course or cut deeper, we expect key ministers to signal a willingness to meet quickly to address any major change in market conditions that may be arising in the coming weeks and months," she said in the note. Oil prices, which have fallen sharply in recent months, were trading slightly lower ahead of the meeting. SOURCE: CNBC
90$ coming
what happens to crude if Putin end up war??
world economy will grow , oil to 120
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