... indicator for the entire Eurozone. A rise in CPI could increase expectations for tighter monetary policy from the European Central Bank, while weaker numbers may justify continued caution. 15:00 (MSK): 189th OPEC Conference This major event for the oil market will see discussions on production quotas among member nations. The outcome could significantly impact global oil prices, with implications for energy markets worldwide. 20:00 (MSK): USA – WASDE Report The U.S. Department of Agriculture’s ...

... about plans to change interest rates. If the Fed plans to raise rates, it could strengthen the dollar and lower oil prices, impacting European exporters and global markets. 00:30 GMT (November 28): USA – API Weekly Crude Oil Stock Report Changes in oil inventories can affect global oil prices. A decrease in inventories usually leads to higher prices, which is important for energy markets in both Europe and the U.S. ECB Representative Speech: McCaul Statements from a European Central Bank representative ...

... supply from OPEC+ and exporters puts downward pressure on prices; on the other hand, concerns about the state of the global economy and demand for energy resources also prevent oil quotes from rising. Meanwhile, data from the US regarding a reduction in oil inventories and news about potential monetary policy easing support the market, preventing prices from falling significantly below current levels. As a result, by the end of the week, the oil market maintains relative stability, close to levels seen at ...

... American refineries are running at high capacity, and imports of fuel from Europe and Canada have sharply increased on the East Coast. In June, the U.S. imported around 100,000 barrels of gasoline per day—the highest in over a year. Wholesale bases and inventories are filled, leading to lower wholesale prices and the transfer of this dynamic to retail. Thirdly, relatively low oil prices in the first half of the year (WTI quotes are currently ~20% lower than a year ago) have reduced costs for refiners, allowing them to partially pass this benefit on to end consumers. The decline in fuel prices in the U.S. aligns with an improved ...

Open Oil Market takes the B2B fuel supply market to a new level. The article reveals how the platform makes the fuel purchasing process more transparent, convenient and cost-effective, helping businesses optimize costs, reduce transaction time and gain access ...