Oil prices are on course to post a weekly loss despite OPEC+ refusing to increase production. A combination of U.S. producers preparing to ramp up production and President Biden’s willingness to tap the SPR to halt the gasoline price rally is set to weigh on oil prices going forward. For a deeper dive into exactly what is going on in energy markets at the moment, sign up for a risk-free trial of our premium service Global Energy Alert . From geopolitical intelligence to trading tips and technical analysis, it’s your one-stop-shop for all things energy. Sign up today! Friday, November 5th, 2021 International oil majors have suggested US shale output might see tangible increases over 2022 as many are seeking to utilize their windfall profits by investing in shale. With producers less likely to hedge their annual production next year, the anticipated ramp-up in US crude production might materialize […]