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Energy / Oil Prices

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The 5 Possible Outcomes Of The OPEC Meeting

May 22, 2017 at 14:01 | Nick Cunningham

The highly-anticipated OPEC meeting will take place this week, but unlike the last few meetings, the hype and excitement is much less palpable. That is largely because the end result…

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Russia And The Saudis: An Oil Marriage Of Convenience

May 22, 2017 at 13:34 | Gregory Brew

President Donald Trump’s visit to Saudi Arabia last week was full of pageantry, defense agreements and rhetoric extolling the decades-long Saudi-US alignment. Among the various strategic interests bringing Riyadh and…

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Oil Prices Rise As Saudis Discuss OPEC Deal Extension With Iraq

May 22, 2017 at 12:01 | Tsvetana Paraskova

Saudi Arabia’s Oil Minister Khalid al-Falih is meeting with Iraqi Oil Minister Jabar Ali al-Luaibi in Baghdad on Monday as OPEC’s de facto leader is trying to persuade fellow cartel…

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OPEC Thinks Deeper Cuts Might Not Be Required

May 22, 2017 at 09:57 | Irina Slav

The addition of another couple of smaller producers to the OPEC-non-OPEC oil production cut deal will be enough to bring global supply to a more acceptable level. That’s what Saudi…

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Oil Prices Rise As OPEC Discusses Deeper Output Cuts

May 19, 2017 at 09:27 | Irina Slav

OPEC is discussing a potential deepening of crude oil output cuts in a bid to accelerate market rebalancing, sources from the cartel told Reuters. The news came as the group’s…

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‘’Too Big To Hedge’’ Goldman Explains The Rationale Behind The OPEC Deal

May 18, 2017 at 15:01 | Nick Cunningham

The key for OPEC in balancing the oil market is to flip the futures curve. Goldman Sachs warned that until the oil futures market moves decidedly into a state of…

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Oil Prices Rise As Most OPEC Members Back Deal Extension

May 18, 2017 at 13:35 | Tsvetana Paraskova

Oil prices erased early losses to rise on Thursday afternoon after Algeria’s Energy Minister Noureddine Boutarfa said that most OPEC producers are supporting the Saudi-Russian proposal for an extension of…

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Can U.S. LNG Compete With Qatar, Australia?

May 18, 2017 at 09:59 | Susan Sakmar

Last week, the LNG world was a buzz with news that the U.S. had finally agreed to export LNG to China based on the May 11, 2017 announcement by the…

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Has Global Oil Demand Really Surpassed Supply?

May 16, 2017 at 14:55 | Nick Cunningham

Oil inventories are falling around the world, a sign that the global oil market has already moved from supply glut into a deficit, according to the IEA’s latest Oil…

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OPEC’s No.2 and 3 Back Deal Extension

May 16, 2017 at 14:14 | Tsvetana Paraskova

OPEC’s no.3 producer, Iran, will likely support the Saudi-Russian proposal to extend the oil production cuts into March 2018 if all other producers are also on board, sources familiar with…

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