Guyana's oil production averaged 892k/BPD in December
Guyana's oil production averaging 892k barrels per day (BPD) in December points to robust supply, which may ease concerns about global oil prices.
ExxonMobil (XOM) CEO says that there's no near term peak in the Permian Basin
Greece has reportedly cautioned shipowners to stay away from Iran's coast where possible, Bloomberg reports citing advisories; direction is to sail closer to the UAE and Oman when transiting the Strait of Hormuz
Guyana's oil production averaged 892k/BPD in December
Druckenmiller says Warsh is not a permanent policy hawk, FT reports; outlining that Warsh thinks it is possible to have growth without inflation
Fed Governor Waller (dissenter) says he dissented in favour of 25bps cut at last meeting because policy is still restricting activity too much
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This level of output is significant for market dynamics, potentially impacting WTI crude pricing by influencing supply perceptions amid ongoing geopolitical and economic factors. Investors should monitor how this production metric interacts with overall demand trends and OPEC decisions.
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