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Winners And Losers Of The OPEC Deal

Winners And Losers Of The OPEC Deal

Against all odds, OPEC managed…

Energy / Crude Oil

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Without Catalyst, Oil Remains Range-Bound

Dec 09, 2016 at 17:03 | Jim Hyerczyk

Early Friday, January crude oil futures are trying to recapture its gains from earlier in the week. After a firm trade on Monday, prices fell over doubts about whether the…

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Oil Markets Not Convinced OPEC Deal Can Kill The Glut

Dec 08, 2016 at 17:11 | Nick Cunningham

There are serious questions swirling around OPEC’s production cut deal, ranging from the size of the cuts needed given that production from the cartel rose through November, to the prospect…

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BP CEO Dudley: We’ll Double Our North Sea Oil Production By 2020

Dec 08, 2016 at 15:51 | Tsvetana Paraskova

UK’s oil major BP (NYSE:BP) will double its production in the North Sea to 200,000 barrels of oil per day, chief executive Bob Dudley said in an interview with

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Crude Rises Ahead Of Non-OPEC Meeting

Dec 08, 2016 at 13:17 | Matt Smith

The mood of crude has flipped again, with optimism rising ahead of the NOPEC meeting at the weekend. Even though doubts persist, for today, oil prices push higher. Hark, here…

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Glencore, Qatar Fund Buy 20% In Rosneft

Dec 08, 2016 at 09:19 | Irina Slav

Glencore has teamed up with Qatar’s sovereign wealth fund to acquire a 19.5-percent stake in Russia’s oil giant Rosneft. The Swiss-based commodity trader and miner, led by Ivan Glasenberg, will…

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Drilling Frenzy? Oilfield Services Booked Out

Dec 07, 2016 at 15:46 | Peter Tertzakian

“If you don’t have your crews lined up by now, you’re not going to be able to complete your wells in Q1,” replied my oilfield service friend. “We’re fully booked…

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Oil Minister: Venezuela Has Left 500,000 Bpd Output Out Of OPEC Deal

Dec 07, 2016 at 13:53 | Tsvetana Paraskova

Venezuela - one of the OPEC deal’s staunchest promoters and supporters – produces around 500,000 barrels per day of heavy oil, and this figure has been left out of the…

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Kuwait Calls For Meeting To Enforce OPEC Cut In Q1 2017

Dec 07, 2016 at 09:09 | Zainab Calcuttawala

Kuwait will be taking a leadership role in monitoring the Organization of Petroleum Exporting Countries’ (OPEC) week-old production freeze deal, according to acting oil minister Anas al-Saleh, who said he…

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Oil’s Most Popular Trading Products May Soon Be Delisted

Dec 05, 2016 at 16:26 | Michael McDonald

For most retail investors, buying physical crude oil as a commodity is not an option. Instead, many investors turn to exchange traded notes (ETNs) as a way to speculate on…

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Saudi Arabia Surrenders To U.S. Shale

Dec 05, 2016 at 16:08 | City A.M

“Ending wars is very simple if you surrender.” – PJ O’RourkeThe new OPEC deal to cut oil output – the cartel’s first since 2008 – amounts to…

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