Free Trial

Oil has slipped through the Asian session.......>

OIL
OIL: Oil has slipped through the Asian session following both comments from
Pavel Sorokin, the Russian Deputy Energy Minister said that OPEC+ has shown its
efficiency but it is not infinitely efficient - signaling that it would be
difficult for each individual country to agree on any further cuts to output.
- Oil also came under some pressure yesterday after Genscape stated that
inventories at the storage hub in Cushing Oklahoma rose over the past week.
- Bloomberg are reporting on a Citi note that said that OPEC+ cuts are can be
rationalised but relations between Saudi Arabia and Russia are slipping.
- Both Brent and WTI futures were around 40c/bbl lower at the time of writing.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.