Latest news from Bloomberg Oil - Great news for producers like us.
“With greater confidence that the global oil market can finally shift into deficit later next year, we now believe that there is a strong rationale for low-cost producers to deliver a swift production cut to normalize inventories,” analysts including Damien Courvalin said in a research note Monday.
Several other developments contributed to the rally:
- Russian President Vladimir Putinsaid he sees no obstacles to an OPEC agreement this month, reaffirming Russia is willing to freeze crude output at current levels.
- Iranian Oil Minister Bijan Namdar Zanganehsaid it’s “highly probable” OPEC will reach a consensus at the talks, according to comments published by Shana news service.
- Iraqi Oil Minister Jabbar Al-Luaibisaid the country will make proposals that will help OPEC reach an agreement.
- The options market was skewed towards bets on rising prices for the first time since late September.
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.48M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $22.03K | 3.673M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 27395014 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 8319369 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 26295014 | 0.005 |
12 | 9558001 | 0.004 |
9 | 11411000 | 0.003 |
7 | 15144444 | 0.002 |
8 | 19677777 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 8319369 | 13 |
0.008 | 4815194 | 11 |
0.009 | 8099313 | 12 |
0.010 | 3601304 | 6 |
0.011 | 1466667 | 2 |
Last trade - 15.49pm 16/08/2024 (20 minute delay) ? |
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