Back

US EIA - Shale output to rise 1.8 million barrels per day over the next year

As per US Energy Information Administration (EIA), the shale oil output is likely to rise by 1.8 million barrels per day (bpd) over the next year, matching the volume of production cuts sustained by the OPEC, Russia and other major oil producing nations. 

Also, the shale output in January is seen rising to 6.438 million barrels per day, which is 24,000 bpd higher than December levels.

GBP/USD - Rising risk reversals contradict widening 10Y US-UK yield spread

Currently, GBP/USD trades at 1.3812 - down more than 100 pips from the previous day's high of 1.3943. The long upper shadow of yesterday's candle coul
Read more Previous

NZD/USD: Supply caps recovery near 0.7285, China data eyed

The NZD/USD pair is seen consolidating the recovery seen so far this session, as the bulls await the Chinese economic releases for the next push highe
Read more Next