The OPEC and OPEC+ groups are not expected to falter following the abrupt, but not necessarily surprising, exit of one of the biggest producers, the United Arab Emirates (UAE), according to consultancy Energy Aspects. The OPEC and OPEC+ groups are not expected to falter fo
BoC: Cautious hold as oil lifts inflation – TD Securities TD Securities strategists expect the Bank of Canada (BoC) to keep its policy rate at 2.25%, with a cautious statement in the April decision. BoC: Cautious hold as oil lifts inflation – TD Securities TD Securities st
USD: Steady as oil shock unfolds – DBS DBS Bank’s Philip Wee notes that the US Dollar (USD) stayed rangebound even as Brent crude jumped on news that the UAE will exit OPEC and OPEC+ on May 1 and aims to boost production... USD: Steady as oil shock unfolds – DBS DBS Bank’s
Russia says it will stay in OPEC+, hopes UAE exit does not spell end of group Reuters Russia says it will stay in OPEC+, hopes UAE exit does not spell end of group Reuters
TotalEnergies (NYSE: TTE) is raising its interim dividend by 6% as first-quarter earnings jumped by 30% from a year earlier, pushed up by the spike in oil prices and very strong oil trading results in the wake of the Iran war. TotalEnergies (NYSE: TTE) is raising its inter
Oil prices are extending their gains early on Wednesday, with Brent jumping to over $114 and WTI exceeding $103 per barrel, as oil market participants weigh the stalled U.S.-Iran negotiations and the possibility of an extended U.S. blockade outside the Strait of Hormuz. Oi
Russia says UAE's exit from OPEC will increase global production, bring down oil prices in future Reuters Russia says UAE's exit from OPEC will increase global production, bring down oil prices in future Reuters
DBS Group Research economist Radhika Rao notes that India’s 10Y bond yield is moving back towards 7% as Brent Oil trades above $110 and markets price tighter policy. DBS Group Research economist Radhika Rao notes that India’s 10Y bond yield is moving back towards 7% as Bre
MUFG’s Michael Wan notes United Arab Emirates' (UAE) surprise decision to leave OPEC/OPEC+ from 1 May, driven by dissatisfaction with quotas and significant spare capacity. MUFG’s Michael Wan notes United Arab Emirates' (UAE) surprise decision to leave OPEC/OPEC+ from 1 Ma
China’s imports of liquefied natural gas this month are expected to be the lowest since 2018, based on data from Kpler, Bloomberg has reported, citing soaring prices. China’s imports of liquefied natural gas this month are expected to be the lowest since 2018, based on dat
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