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Crude Oil Pulls Back After U.S. Inventories Post Surprise Rise, OPEC Issues Cautious Report
US Total Crude Oil Stocks Rebound in Week Ended May 9
OPEC monthly report: As oil prices fall, the growth of non-OPEC supply is expected to slow down in 2025.
According to the OPEC monthly report, oil supply from non-OPEC+ producing countries (including the USA) is expected to increase by about 0.8 million barrels per day in 2025, down from last month's forecast of 0.9 million barrels per day. Analysis suggests that the slowdown in non-OPEC+ supply growth will benefit OPEC+ in balancing the market.
OPEC Signals Cautious Optimism on Trade, Holds Oil Demand Forecast -- Update
UAE Stocks Tick Down As Oil Price Concerns Spook Investors
Hundreds of posts reveal Trump's thoughts? Goldman Sachs: His ideal oil price is 40-50 dollars.
1. Analysts at Goldman Sachs hypothesized that Trump’s optimal psychological price for oil in the USA is between $40 and $50 per barrel by analyzing nearly 900 posts he made on Social Media; 2. Goldman Sachs analysts believe that due to Trump’s preference for relatively low oil prices, prices may see a slight decline in 2025-2026.