Bloomberg's survey of OPEC September production pegs it at 32.83 million due to higher output from Saudi Arabia, Angola, Libya and Nigeria. Iran's production fell 140K bpd.
Iran's production will fall further after the Nov 4 US sanctions hit. Bloomberg reports that India has no plans to purchase Iran's oil starting in November with South Korea and Japan pledging the same.
Most Popular
Sponsored
US oil reserve at 43-yr low! Traders eye price impact & supply risks. Will it boost energy stocks?
Goldman cuts Brent forecast to $80 for 2026, $75 for 2027 on Hormuz deal Goldman's second cut in a week signals the bank thinks the Hormuz reopening is moving faster than the market assumed.
China's May data showed industrial output beating expectations at 4.5% but retail sales falling 0.6%, the first decline since the pandemic, as domestic demand and fixed asset investment deteriorated sharply.
BOJ set to hit 1% but vote split, bond taper pause and July signals are the real story The hike is the headline; the vote count, the taper and Uchida's tone are the market.
China data May 2026: Industrial output +4.5% y/y (expected +4.2%) Economic activity data for China, May 2026. Retail sales decline, the first since the pandemic
US oil reserve at 43-yr low! Traders eye price impact & supply risks. Will it boost energy stocks?
China house prices May 2026 -3.5% y/y (prior -3.5%) China's struggling housing sector continues to struggle
Sponsored
Must Read
