Helima Croft – Charm

OPEC+ likely to agree small oil output increase for December, sources say

Cs news3 months ago03 mins

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW (Reuters) -OPEC+ will likely agree on Sunday another small hike in oil output targets for December, three sources familiar with the talks said, as the group moderates its drive to regain market share amid predictions of a supply glut next year. OPEC+ has raised output targets…

How high oil could go if Iran closes the Strait of Hormuz: Goldman

Cs news7 months ago06 mins

Investors should not ignore the risk that Iran could disrupt Middle East oil supplies and trigger a substantial price spike, energy analysts warned Monday, even as the market largely dismissed the threat. Surprisingly, oil prices are little changed Monday after the U.S. bombed Iran’s key nuclear sites over the weekend. The market seems to believe…