Oil prices surge after OPEC Plus cuts output Keep an eye on Thai inflation

The Petroleum Exporting Countries (OPEC) and its allies, orOPEC Plus cut production by 2 million barrels per dayIn November, it said the drop in production capacity was OPEC+’s biggest production cut since 2020 and was the second straight month of production cuts.As a result, the price of oil in the global market immediately rose. Reaction […]

“OPEC Plus” crude oil production cuts are a new crisis for the global economy! President Biden “Cut crude oil production domestically, ask for an increase in foreign production” Responding to misunderstandings … Midterm election pinch: Watch J-CAST company[testun llawn]

A new dark cloud has been added to the global economic crisis. On October 5, 2022, OPEC Plus, which includes OPEC member countries and non-member oil producing countries such as Russia, decided to reduce crude oil production by 2 million barrels per day from November. The drop in production is the biggest since 2020, when […]

Thaioil Weekly Oil Market and Forecast as of 5 September 2022

Thai Oil expects West Texas crude to go about a assortment of 83 – 93 USD for each barrel, whilst Brent crude is in a variety of 90 – 100 USD for each barrel. Crude oil value scenario development (5 September – 9 September 65) The value of crude oil varies. As markets viewed for […]

OPEC Plus postpones technical meeting to Wednesday (December 1)

OPEC Plus postpones technical meeting to Wednesday (1 Dec) hopes to assess the impact of Omicron virus on oil demand and prices first. Reuters reported, citing sources as saying. Petroleum Exporting Countries (OPEC) and its allies or OPEC Plus It has decided to postpone the meeting of the Joint Technical Commission from Monday 29 November […]

Analysis of the oil price situation (17 Nov ’64)

Crude oil prices rose due to limited supply from OPEC Plus resolution. Amid concerns over the number of Covid-19 cases in Europe + oil priceBrent raw material increased after supplycrude oilStill tight due to the consensus to increase the production rate of the group.OPEC Plus amid the demandoilstill higher in many countries especially the Asian […]