Oil could set sail to $90 as US attempts fail to outweigh OPEC production cuts
- Next Wednesday, OPEC will meet to discuss and decide on the current production cuts. Expectations are that Saudi Arabia will prolong its part until the end of this year.
- Despite Easter Monday, the US Energy Information Administration will release the US stockpile changes for this week on Wednesday as normal.The American Petroleum Institute will release overnight figures on Tuesday as usual.
- Quite a number of Oil tankers are reporting to be stuck in Venezuela off the coast. Traders that jumped on the easing of sanctions against the country are now facing issues with the tankers unable to load.
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