OPEC + outside OPEC will discuss quotas today. The insiders on this are quite contradictory. The market expects an increase in production over the planned 400k bpd amid growing demand because of a shortage of natural gas in Europe and Asia. To resume negotiations, Iran, as a gesture of goodwill, wants the USA to unblock $10 billion, "closed" in American banks under the sanctions program since Trump days. There are no fundamental reasons for a downward correction yet.
OPEC + outside OPEC will discuss quotas today. The insiders on this are quite contradictory. The market expects an increase in production over the planned 400k bpd amid growing demand because of a shortage of natural gas in Europe and Asia. To resume negotiations, Iran, as a gesture of goodwill, wants the USA to unblock $10 billion, "closed" in American banks under the sanctions program since Trump days. There are no fundamental reasons for a downward correction yet.