With markets closed today to witness Martin Luther King Jr. Day, prices are not surprisingly rather subdued amid quiet electronic trading. Nonetheless, fun and games will ramp up from tomorrow, with OPEC's monthly oil report out on Wednesday, swiftly followed by the IEA's monthly oil market report on Thursday - along with the delayed EIA weekly report. That said, hark, here are five things to...Continue Reading
Good day! With Nonfarm Friday now behind us, we can look forward to a week of oil-specific monthly releases from IEA (tomorrow), OPEC (Wednesday) and EIA (Thursday).
As the spotlight swings onto another meeting of global producers - this time in Istanbul this week - rhetoric out of Saudi and Russia is once again encouraging an oil rally. Hark, here are five things to consider in oil markets...Continue Reading