Page 1 of 1

OPEC says glut in oil still exists

Posted: Sun Mar 03, 2024 10:12 am
by Fraser921
OPEC+ extends cuts on crude output to midyear

They want 80+ crude. Crude should open higher tonight, tanker stocks weaker as less crude to ship.

Re: OPEC says glut in oil still exists

Posted: Sun Mar 03, 2024 11:32 am
by aja57
Less crude but shipping rates higher and more days at sea because of the Houthis.