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Energy / Oil Prices

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U.S. Shale Patch Welcomes OPEC Deal – But Needs $60 Oil

Dec 02, 2016 at 10:08 | Tsvetana Paraskova

Although OPEC’s decision to take 1.2 million bpd off the market as of January is undoubtedly good news for the U.S. shale patch, companies would likely wait to see…

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Fitch Talks Down OPEC Optimism - Oil Prices To Flatline In 2017?

Dec 01, 2016 at 15:02 | Irina Slav

Rating agency Fitch, after lauding OPEC’s decision to cut oil production by 1.2 million bpd, cautioned that prices are unlikely to move much higher than they are now, expecting…

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Oil Prices Spike As OPEC Reaches Deal On Production Cut

Nov 30, 2016 at 08:55 | Tsvetana Paraskova

Defying all odds, OPEC provisionally reached the much-hyped agreement to cut output in a bid to boost oil prices. According to an OPEC delegate quoted by Bloomberg News, the…

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Oil Prices To Sink Or Skyrocket – What Can We Expect

Nov 29, 2016 at 15:03 | Nick Cunningham

We are hours away from the highly anticipated OPEC meeting and oil analysts are coalescing around two possible scenarios that leave very little middle ground: if OPEC reaches a deal,…

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No OPEC Cut Needed, Says Saudi Oil Minister

Nov 28, 2016 at 10:16 | Irina Slav

OPEC does not actually need to cut production to rebalance the markets, according to Saudi Oil Minister Khalid al-Falih. In a surprising U-turn, after two months of negotiations aiming to…

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Goldman Sachs Turns Bullish On Oil

Nov 25, 2016 at 16:39 | Rakesh Upadhyay

Goldman Sachs is known to make outlandish calls on crude oil. First came a forecast of $200 a barrel back in March 2008, which fell flat on its face…

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How To Play The OPEC Production Cut

Nov 25, 2016 at 16:07 | Dan Dicker

We’ve been trying to leverage what we’re convinced will be a substantial OPEC accord on Wednesday, November 30th, and spent the last several columns outlining why we’ll see at least…

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Saudis To Skip Non-OPEC Talks On Monday, Want OPEC Deal First

Nov 25, 2016 at 10:39 | Tsvetana Paraskova

In what is now the umpteenth twist in highly-charged OPEC rhetoric in recent days, the cartel’s biggest producer and de factor leader, Saudi Arabia, has reportedly told the organization that…

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The Economy Needs Higher Oil Prices – Goldman Sachs

Nov 24, 2016 at 16:54 | Nick Cunningham

OPEC is closing in on a deal to cut production, which will surely cause oil prices to rise. Oil is already almost back to $50 per barrel, so cuts of…

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Iraq Now Says It Will Join OPEC Output Cuts

Nov 23, 2016 at 12:17 | Tsvetana Paraskova

In its third flip-flop position on joining OPEC production cuts in as many days, Iraq signaled on Wednesday that it could be willing to cut its production and support…

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