OPEC
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The latest CapitalWire reporting and analysis tagged OPEC.
Markets
Brent Has Held $110 for Three Weeks. The Floor Is OPEC+ Spare Capacity
Brent settled near $113.40 on Friday, its second consecutive weekly close above $113, with WTI near $100.50 and the spread at $12.90. Output running 1.2 million barrels a day below quota is doing more to defend the floor than any demand signal.
Markets
OPEC+ December Preview: Spare Capacity, Not Demand, Is the Only Number Left
Brent closed the week at $113.40 with WTI near $100.50, and the group meets on December 1 with roughly 2.1 million barrels a day of effective spare capacity — most of it in two countries. The decision is no longer about demand.