JP Morgan is sticking to its base-scenario oil rate forecast for 2025, projecting Brent crude will trade within the reduced-to-mid $60s, Even with a sharp escalation in geopolitical tensions involving Iran,…
Excellent: WTI is taken into account a "light sweet" crude oil, that is much easier to refine, even though Brent is really a blend of crude oils, which includes both equally "gentle sweet" and "significant bitter" grades.
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Very last week, OPEC+ introduced it's going to Again accelerate the rate of unwinding of output cuts, with output targets for June growing by…
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By Might, that determine were Minimize to 500,000 barrels a day. That may not audio like much, but in the market place in which provide and demand from customers will often be divided by razor-thin margins, the effect on oil rates could be important.