Energy Market Watch: OPEC+ Compliance, Earnings Reports, and Clean Initiatives in Focus

The oil market looks like it is going to continue to tighten as OPEC+ delivers on their pledges and as China improves business conditions. Energy traders will have a lot to stay on top of this week. In addition to the global flash PMI readings, a handful of major energy companies earnings, and the standard weekly stockpile data points, there will be a few energy conferences which could provide some insight for the future shifts with supply and demand.
Key earnings from Shell, TotalEnergies, Exxon and Chevron will provide key insights on capex spending and expectations for future drilling. The G20 Energy Transitions Ministerial meeting will focus on clean initiatives. The 5th International Conference on Power and Energy Technology will provide insights on Chinese crude demand outlooks.