OPEC MOMR to be released at 13:00GMT today
Newsquawk Staff ·
OPEC MOMR to be released at 13:00GMT today.
What it means
OPEC's Monthly Oil Market Report (MOMR) scheduled for release at 13:00 GMT could provide crucial insights into supply, demand forecasts, and potential policy shifts affecting oil prices. Traders should be attentive to any adjustments in production guidance or inventory levels, which could significantly influence market sentiment and energy-related assets.
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- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist
- US Energy Secretary Wright says that the best way to address high prices is high prices themselves, which spur supply growth; therefore, supply is increasing
- Venezuela's October oil exports 1.08mln bpd, almost unchanged, according to shipping data
- [MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl
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