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Energy / Oil Prices

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Should OPEC Abandon Its Current Oil Price Strategy?

May 11, 2017 at 13:34 | Precise Consultants

If OPEC was a person, you’d recommend either therapy or that it cut its losses and start licking its wounds. As Bill Baruch, chief market strategist at iiTRADER told

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Oil Edges Higher As OPEC Reaches Consensus On Cut Extension

May 11, 2017 at 10:11 | Irina Slav

OPEC members and their partners in the oil production cut agreements from last November and December have reached a consensus to extend the deal until the end of 2017, the…

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Why Goldman Thinks You Should Go Long On Oil

May 10, 2017 at 15:54 | Nick Cunningham

As pessimism sweeps over the oil market, a few prominent voices are unbowed, arguing that the market is well on its way towards balance. Goldman Sachs’ head of commodities Jeff…

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Russian Producers Fall Behind As Big Oil Booms

May 10, 2017 at 15:49 | Irina Slav

While Big Oil beat analyst expectations with its first-quarter performance, Russia’s biggest player in the field, Rosneft, missed expectations, reporting US$200 million in net profits for the period. The…

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IEA Sees Oil Market Supply Deficit Deepen Significantly This Year

May 10, 2017 at 12:22 | Tsvetana Paraskova

Global oil demand will exceed supply in the second quarter, and even more so until the end of the year, if OPEC extends the production cuts, according to Neil Atkinson,…

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Oil Prices Jump On Bullish Inventory Data, Saudi Export Cuts

May 10, 2017 at 11:41 | Matt Smith

After yesterday's monthly EIA report, and tomorrow's monthly OPEC report, the weekly EIA inventory report acts as the filling in this energy data sandwich. While have to wait until next…

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Production Cuts vs Innovation – Why OPEC Has Lost The Oil Price War

May 09, 2017 at 14:40 | Peter Tertzakian

OPEC and its cartel of friends must be sweating condensates in advance of their May 25th meeting. The oil price war, triggered almost three years ago, is far from over.…

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An Extension Is Not Enough – Why OPEC Needs To Cut More

May 09, 2017 at 14:32 | Rakesh Upadhyay

Crude oil prices are slumping, and everyone is clamoring to know: how far can oil fall? Is this a buying opportunity, or is the selloff likely to worsen? Bloomberg…

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Oil Below $65 Per Barrel…For Years

May 09, 2017 at 14:24 | Nick Cunningham

Recognizing that something had to be done to halt the latest crash in oil prices, Saudi Arabia’s energy minister went public with his support not only for an extension…

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Will Hedge Funds Drive Oil Prices Even Lower?

May 08, 2017 at 14:17 | Nick Cunningham

Andurand Capital reportedly liquidated all of its bullish bets on crude oil in recent days after posting steep losses so far this year. The fund is led by Pierre Andurand,…

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