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­MNI Commodity Weekly - Trump Threats Leave OPEC+ at Odds

Executive Summary:

  • Trump Threats Leave OPEC+ at Odds: OPEC+ plans to bring back barrels in April after three prior delays as they asses whether Trump threats end up materialising and opening the door for more barrels.
  • Oil Markets: Crude resumed a corrective pullback cycle from a high on Jan. 15 as Libya supply risks ease while uncertainty surrounds the impact of US tariffs threatened by US President Trump and future OPEC+ output plans. Diesel cracks are losing ground, likely pressured by warming temperatures cutting heating demand and helping aid refinery restarts.
  • Analyst Views: See oil market views from biggest names in the industry.

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Executive Summary:

  • Trump Threats Leave OPEC+ at Odds: OPEC+ plans to bring back barrels in April after three prior delays as they asses whether Trump threats end up materialising and opening the door for more barrels.
  • Oil Markets: Crude resumed a corrective pullback cycle from a high on Jan. 15 as Libya supply risks ease while uncertainty surrounds the impact of US tariffs threatened by US President Trump and future OPEC+ output plans. Diesel cracks are losing ground, likely pressured by warming temperatures cutting heating demand and helping aid refinery restarts.
  • Analyst Views: See oil market views from biggest names in the industry.

Full piece here:

Keep reading...Show less