OctaFX | OctaFX Forex Broker
Open trading account

Saudi EnergyMin: OPEC not planning to open taps and flood market

The Saudi Arabian Energy Minister Al-Falih is reportedly saying, via Bloomberg, oil inventories won’t grow much in the next four months.

Al-Falih added the OPEC is not planning to open the taps and flood the market.

Additional headlines:

Doesn't think OPEC will alter course in H2 2018.

Oil producers have plenty of crude supply to respond in case of sudden disruptions.

Some of the 1.8m bpd cut won't return, it's involuntary.

OPEC won't let go until the market has become balanced.

Will have a clearer idea on a balanced market by June.

US shale oil output expected to grow amid OPEC cuts.

UK PM May sees Brexit talks on citizen rights ending in weeks - PAP

Livesquawk reports the latest headlines cited in PAP (Polish Pap Newswire), as saying that the UK PM May sees Brexit talks on citizen rights ending
Read more Previous

GBP/USD temporary top in place? – UOB

In light of Cable’s recent price action, FX Strategists at UOB Group hinted at the likelihood that a temporary top could be in place. Key Quotes 24-
Read more Next
Start livechat