The energy ministers from Saudi Arabia, Russia, Qatar, and Venezuela agreed to freeze oil production at January levels following a meeting in Doha, Qatar. The agreement comes in response to falling oil prices which have forced oil-producing nations to revaluate their production strategies. According to reports, the freeze will only occur if other oil-producing nations also join the agreement. Oil prices rallied in response to the news.
See the following visualizations which highlight oil prices and production figures relevant to the production freeze.
Crude Oil Production in OPEC Countries
Brook Asset Management was up 7.27% for the first quarter, compared to the MSCI GBT TR Net World Index, which returned 3.96%. For March, the fund was up 1.1%. Q1 2021 hedge fund letters, conferences and more In his March letter to investors, which was reviewed by ValueWalk, James Hanbury of Brook said returns during Read More
Crude Oil Spot Pricing
NYMEX WTI Crude Oil Futures #1 (Settle) – 1 Year
Indexed Compare: Dow Jones Industrial Average and Crude Oil