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
2.0¢ |
Change
0.001(2.63%) |
Mkt cap ! $35.36M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.9¢ | $18.83K | 967.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 2999161 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 2672246 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 2999161 | 0.019 |
14 | 2916317 | 0.018 |
9 | 2965937 | 0.017 |
6 | 2464379 | 0.016 |
6 | 1301666 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 2672246 | 10 |
0.021 | 5521915 | 13 |
0.022 | 2907435 | 8 |
0.023 | 2075086 | 8 |
0.024 | 1722899 | 7 |
Last trade - 14.02pm 18/07/2024 (20 minute delay) ? |
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TEG (ASX) Chart |