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A service for global professionals · Wednesday, April 14, 2021 · 538,567,706 Articles · 3+ Million Readers
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Australia & New Zealand OPEC Newswire

  • Published on Apr 12, 2021

    Exxon Vs. Chevron: Which Oil Major Is The Better Bet Now?

    After a devastating 2020, during which oil demand plummeted as the pandemic escalated, big oil stocks have become a great recovery bet for investors. The Vanguard Energy Index Fund ETF (NYSE:VDE)—whose top 10 holdings include ExxonMobil (NYSE:XOM), Chevron …

    Source: Investing.com - Neutral
  • Published on Apr 7, 2021

    Oil steady, gold climbs on lower yields

    Oil trades sideways overnight Oil prices finished modestly higher overnight as US API Crude Inventories fell by 2.6 million barrels, although both Brent and WTI traded in wide intra-day ranges. The sentiment was negative in Asia, but global recovery …

    Source: OANDA Market Pulse - Neutral
  • Published on Apr 6, 2021

    Oil price rebounds on robust economic data from US, China, bargain hunting

    By Shu Zhang and Sonali Paul SINGAPORE (Reuters) -Oil prices rose on Tuesday as investors looked for bargains following the previous day's plunge on rising output from OPEC+, while strong economic data from the United States and China brightened …

    Source: Business Standard - Neutral
  • Published on Apr 5, 2021

    Oil dips, gold rallies continues

    Oil edges lower in Asia Muted holiday trading has seen some unwinding of Friday’s rallies, with Brent crude and WTI edging lower. On Friday, Brent crude rose 2.60% to USD64.65 a barrel, and WTI rose by 3.05% to USD61.65 a barrel after the impressive Non- …

    Source: OANDA Market Pulse - Neutral
  • Published on Apr 5, 2021

    Alaska wont let Biden stop its oil boom

    Alaska's oil industry has seen a string of new discoveries and planned developments in recent months. New discoveries in Alaska by an Australian independent could provide hope for bigger oil finds yet to come in the country's National Petroleum …

    Source: Big News Network - Neutral
  • Published on Apr 2, 2021

    OPEC and allies agree to boost crude oil output

    The OPEC oil cartel and allied countries said that they have decided to add gradually add back some 2 million barrels per barrel per day of oil production from May to July, moving cautiously in pace with the recovery of the global economy from the COVID-19 …

    Source: The Age - Neutral
  • Published on Apr 1, 2021

    Oil prices fall ahead of OPEC+

    OPEC undecided, US Crude Inventories fall Oil prices fell overnight as the OPEC+ JTC produced no guidance for the ministerial meeting today, and OPEC quietly reduced their global consumption forecast by 300,000 barrels per day due to Covid-19 restrictions. …

    Source: OANDA Market Pulse - Neutral
  • Published on Mar 31, 2021

    Oil Rebounds as OPEC+ Seen Rolling Over Curbs

    (Bloomberg) -- Oil rebounded ahead of an OPEC+ meeting on Thursday at which the group will decide on output policy, with the alliance expected to maintain its cautious stance on adding supplies given near-term concerns on demand. West Texas Intermediate …

    Source: Rigzone - Neutral
  • Published on Apr 11, 2021

    Week Ahead: Stocks Hit Record Highs Amid Reflation Reversal; Q1 Earnings On Tap

    Earnings season begins with banks reporting mid-week Cyclical rotation seesaw at work as gains keep shifting between growth and value Ahead of the start of Q1 2021 earnings season, which begins on Wednesday, Apr. 14, when the big US banks report, Wall …

    Source: Investing.com - Neutral
  • Published on Mar 31, 2021

    Oil eyes OPEC+, gold falls below 1700

    Oil markets await OPEC+ tomorrow Oil markets retreated overnight as they digested the Suez Canal reopening and continued US dollar strength. Brent crude fell 1.85% to USD63.95 a barrel, and WTI fell 2.30% to USD63.40 a barrel. The falls overnight appear to …

    Source: OANDA Market Pulse - Neutral
  • Published on Mar 30, 2021

    Oil rebounds, gold dips

    Oil markets rebound on OPEC+ cohesiveness Oil prices slumped yesterday in Asia as news came in that the Suez Canal was about to reopen. But Reuters reported overnight that both Saudi Arabia and Russia appear committed to maintaining production cut levels …

    Source: OANDA Market Pulse - Neutral
  • Published on Apr 10, 2021

    Week Ahead: Fed’s inflation calm is about to get tested

    The Fed has clearly signaled they are not worried about inflation and that should worry financial markets.  The Fed has repeated that inflation will be transitory, but financial markets have never seen this record amount of stimulus get pumped into the …

    Source: OANDA Market Pulse - Neutral
  • Published on Mar 31, 2021

    Opening Bell: Stocks Waver Ahead Of Biden Infrastructure Reveal; Oil Flat

    Yields struggle to maintain upward trajectory Dollar retreats but maintains best quarterly gains in a year New virus cases in Myanmar overshadow economic data in Asia Key Events Futures on the Dow, S&P, NASDAQ and Russell 2000, as well as European …

    Source: Investing.com - Neutral
  • Published on Mar 29, 2021

    Oil dips on Suez news, gold consolidates

    Oil markets fall on Suez Canal developments Oil markets rallied impressively on Friday, capping an extremely volatile week. Expectations of a move by OPEC+ to loosen production targets have receded, US recovery expectations continue to rise, and the …

    Source: OANDA Market Pulse - Neutral
  • Published on Mar 30, 2021

    Opening Bell: Yields, Vaccines, Stimulus Boost Stocks; Oil, Gold Slump

    10- and 5-year Treasury yields reach new yearly highs Markets recover from the Archegos debacle, with banks leading a European stock rally The Suez Canal was finally freed on Monday but it's already 'yesterday’s news' Key Events Futures on the …

    Source: Investing.com - Neutral
  • Published on Mar 30, 2021

    Oil sinks as Suez Canal ship is refloated; market weighs demand

    Oil retreated as salvage teams refloated the giant vessel that has been blocking the Suez Canal, and traders weighed the impact of renewed lockdowns on global energy consumption before an OPEC+ policy meeting. West Texas Intermediate lost as much as 2.5 …

    Source: The Hindu Business Line - Neutral
  • Published on Mar 29, 2021

    Oil Sinks as Suez Canal Ship Refloated

    (Bloomberg) -- Oil retreated as salvage teams refloated the giant vessel that has been blocking the Suez Canal, and traders weighed the impact of renewed lockdowns on global energy consumption before an OPEC+ policy meeting. West Texas Intermediate lost as …

    Source: Rigzone - Neutral
  • Published on Mar 29, 2021

    Oil Falls as Suez Ship Partially Refloated, Market Weighs Demand

    (Bloomberg) -- Oil retreated as salvage teams partially refloated the giant vessel that has been blocking the Suez Canal, and traders weighed the impact of renewed lockdowns on global demand before an OPEC+ policy meeting. West Texas Intermediate lost as …

    Source: Investing.com - Neutral
  • Published on Mar 29, 2021

    Opening Bell: Futures, European Stocks Retreat As Fund Jitters Weigh; Oil Slips

    Traders brace for contagion from margin call-induced selloff Oil slides as Suez Canal reopens and lockdowns hamper demand outlook Key Events Futures on the Dow, S&P, NASDAQ and Russell 2000 as well as European stocks slumped on Monday as traders braced …

    Source: Investing.com - Neutral
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