Oil futures: Prices slump from highs on OPEC+ talks, inflationary fears return

Crude Oil LPG Naphtha
31 May 2022
Crude oil futures Tuesday retreated sharply from earlier highs as inflationary fears triggered the initial retreat, while prices dropped further on reports that OPEC+...

Please Register or Sign in to view this content.

Quantum Commodity Intelligence is a premium paid subscription service for professionals in the oil, biofuels, carbon, ammonia and hydrogen markets.

Quantum Oil service subscribers have access to:

  • Daily price assessments
  • Market news and price commentary
  • Fundamental trade data
  • Quantum Oil Daily - market report sent to your email

Get in touch with us for subscription information on all Quantum platforms, or help with the service.

Quantum Services

Related
Gazprom cuts gas supplies to Shell, Orsted over rouble standoff
LNG
31 May 2022
Shell and Denmark's Orsted have lost access to Russian gas supplies after declining to pay in roubles, Gazprom Export said...
Pipeline leak knocks out 22k bpd of oil output in eastern Libya
Crude Oil
31 May 2022
A leak in the Sarir-Tobruk pipeline in Eastern Libya due to underinvestment has knocked...
Abu Dhabi crude output to average 3.1 mil bpd in 2022 - S&P Ratings
Crude Oil
31 May 2022
UAE's oil-rich emirate of Abu Dhabi is forecast to pump on average 3.1 million bpd in 2022, according S&P Global Ratings, as OPEC+ members continue...
EU's Russian oil ban to mean supply deficit, put Brent at $122/b: ING
Crude Oil
31 May 2022
The EU's decision to phase out most of its Russian crude oil imports will tighten the...
North Sea crude output to rebound in July following maintenance
Crude Oil Gasoline Diesel/Gasoil
31 May 2022
Underlying volumes in the North Sea benchmark Dated Brent will increase sharply July following the completion of maintenance at...
EU agrees compromise deal on Russian oil, Hungary to keep pipeline access
Crude Oil Diesel/Gasoil Fuel oil
31 May 2022
European Union leaders agreed to a compromise deal late Monday to ban up to 90% of Russian oil...
Dutch trader GasTerra to end Russian gas purchases, refuses rouble payments
LNG
30 May 2022
Dutch energy company GasTerra said on Monday it had refused to pay for Russian gas in rubles, after which Gazprom said deliveries...
Lukoil exec urges Russia to cut oil output to lift prices further
30 May 2022
Russia should cut its crude oil output by almost a third to push global prices higher and offset the effects of...
Brent spec build offsets cut in US crude, product net longs - CFTC
Crude Oil Gasoline Diesel/Gasoil
30 May 2022
Speculators boosted their exposure to Brent crude oil in the week to May 24, although US crude and products...