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. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 562 to 563
18 June
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator remained at the same level of 433
18 June
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from -0.801M to -1.606M
17 June
United States. Crude Oil Inventories. The value of the indicator has decreased from -7.227M to -8.263M
17 June
United States. API Weekly Crude Oil Stock. The value of the indicator has increased from -9.119M to -8.33M
16 June
Top news
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
18 June
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
18 June
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
17 June
United States. Retail Sales (MoM). The value of the indicator has increased from 0.4% to 0.9%
17 June
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.1%
17 June
All news

Forecasts

GBPUSD sell
Period: 03.07.2026 Expectation: 2000 pips
Selling GBPUSD as BoE kept rates unchanged
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 11:02 AM 30
Reed_Marcus
Brent sell
Period: 26.06.2026 Expectation: 500 pips
Brent crude plunges deeper amid US-Iran peace deal
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 10:06 AM 26
Lyra_Moonwell1
AUDCAD buy
Period: 19.07.2026 Expectation: 1000 pips
Invest in AUDCAD up to 1.00000
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 09:34 AM 13
Sinclair_John
Gold sell
Period: 30.06.2026 Expectation: 13000 pips
Gold sell-off targets $4,000
TA Other FA Other
Yesterday at 09:04 AM 27
McCarthy_Raymond
ETHUSD buy
Period: 31.12.2026 Expectation: 11000 pips
Invest in Ethereum if it breaks through $1,850
TA Other FA Other
Yesterday at 08:55 AM 11
Bruce_Powers
USDCAD buy
Period: 26.06.2026 Expectation: 1150 pips
USDCAD hits 14-month highs on resilient US economy
Technical analysis Indicators and reports FA Other Indicators Fundamental analysis
Yesterday at 08:35 AM 10
Emily_Foster
Go to forecasts