Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
30 November 2022 | Other

Head of the International Energy Agency says OPEC+ must consider fragile world economy

Brent
WTI Light Crude Oil

The head of the International Energy Agency said Tuesday that OPEC+ must consider the very fragile state of the world economy when considering larger supply cuts at an upcoming meeting. He said the ministerial meeting this weekend should also look at conditions in developing countries.

Oil prices in the global market remain high, fueling inflation and hampering economic activity. Saudi Arabia's energy minister, Prince Abdulaziz bin Salman, has come out in support of these cuts. He told at this month’s COP27 climate talks held in Egypt that they werenecessary to compensate for extreme economic uncertainty.

Company MarketCheese

Recommended

United States. API Weekly Crude Oil Stock. The value of the indicator has increased from -8.1M to -2.188M
Yesterday at 8:42 PM
United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has decreased from 9.95M to 7.65M
11 May
United States. OPEC Crude oil Production UAE (Barrel). The value of the indicator has decreased from 2.1M to 2M
11 May
United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 191.9K to 178.8K
8 May
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 547 to 548
8 May
Top news
United States. CPI (YoY). The value of the indicator has increased from 3.3% to 3.8%
Yesterday at 12:30 PM
United States. Nonfarm Payrolls. The value of the indicator has decreased from 185K to 115K
8 May
United States. Unemployment Rate. The value of the indicator remained at the same level of 4.3%
8 May
European Union. Retail Sales (MoM). The value of the indicator has increased from -0.3% to -0.1%
7 May
United States. Trade Balance. The value of the indicator has decreased from $-57.8B to $-60.3B
5 May
All news

Forecasts

EURUSD sell
Period: 20.01.2028 Expectation: 500 pips
Hot US inflation and geopolitical jitters weigh heavily on EURUSD
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Today at 06:26 AM 9
Emily_Foster
BTCUSD buy
Period: 12.06.2026 Expectation: 4700 pips
Invest in Bitcoin up to $86,000
FA Other Indicators and reports Hot news Chart analysis
Yesterday at 10:09 AM 31
Reed_Marcus
GBPUSD buy
Period: 31.05.2026 Expectation: 1900 pips
Buying GBPUSD on low US inflation
Indicators and reports Chart analysis
Yesterday at 09:54 AM 33
Bruce_Powers
Brent buy
Period: 19.05.2026 Expectation: 570 pips
Brent crude may extend its climb to $115.30 as US driving season kicks off
Technical analysis FA Other Chart analysis Indicators Fundamental analysis
Yesterday at 08:48 AM 30
Lyra_Moonwell1
Tesla Inc sell
Period: 19.05.2026 Expectation: 3200 pips
Tesla shares are poised to correct following Elon Musk’s visit to China
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Yesterday at 08:48 AM 18
Emily_Foster
AUDUSD buy
Period: 12.07.2026 Expectation: 2000 pips
Buying AUDUSD as RBA rate hike lends support
FA Other Indicators and reports Hot news Chart analysis
Yesterday at 07:00 AM 20
Sinclair_John
Go to forecasts