Slugcatcher: "Oil's wild week of quotas, embargoes, and price caps"

OIL is primed for a wild ride next week with three major events scheduled to occur in a 24-hour window of hectic activity, but nothing Slugcatcher has seen paints a clear picture of whether the oil price will rise or fall when the shooting starts.

28 November 2022
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Last week's drop in the price of Brent crude from US$90 a barrel to $83/bbl was a sign that traders are gearing for a possible oil glut as the global economy slows and as members of the OPEC cartel

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