January 29, 2025 17:04 GMT
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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