OPEC+ ponders when and how far to cut

OPEC’s Joint Ministerial Monitoring Committee (JMMC) will meet on Tuesday and Wednesday to recommend the next level of cuts after compliance in the group hit 107% in June, up from 77% in May.   Record high inventories in the US and a second wave contagion around the globe have added speculation that OPEC+ might yet …

Oil Through the Looking Glass 10/7/20

*Singapore Holiday Adds to Quiet Friday* Singapore was on holiday today due to a snap election which left the market without its usual morning trading window and therefore volumes were diminished. Oil continued on from losses yesterday after the announcement of the Supreme Court decision in the release of President Trump’s finances. The market looks …