Category archives: Uncategorized

#moreforless – the new shape of OPEC+ supply policy?

Saudi Arabia’s extra voluntary oil-production cut, which came on top of the OPEC+ supply curbs, will cease at the end of this month as demand recovers.   Energy Minister Prince Abdulaziz bin Salman said the kingdom’s additional reductions, which amounted to about 1.2 million barrels a day including contributions from its closest allies in the …

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Iron ore breaks $100 as Vale shuts in production capacity

Iron ore futures surged above $100 on Monday after part of Vale’s Brazilian operations were ordered to be shut down due to the Coronavirus.   Prosecutors had alleged that workers were at risk at the mine complex of Itabira in the state of Minas Gerais after 188 of them were tested positive. The latest development …

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