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Why The United States Rules Oil Prices... Not OPEC

Why The United States Rules Oil Prices... Not OPEC

Consumers will enjoy lower prices…

Energy / Oil Prices

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Is This The "Mystery" Massive Long Supporting The Oil Market?

May 30, 2017 at 11:55 | ZeroHedge

Usually when CFTC data shows a big speculative position, it is easy to spot the corresponding mood amongst traders. For example, take the current situation with the Canadian dollar. There…

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Saudi Prince Mohammed Meets With Putin To Discuss Oil, Syria

May 30, 2017 at 09:42 | Irina Slav

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman is meeting Russian President Vladimir Putin today to discuss the extension of OPEC’s agreement with 11 other oil producers to extend the…

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Is This Saudi Arabia’s Newest Strategy To Boost Oil Prices?

May 29, 2017 at 14:45 | Nick Cunningham

OPEC’s new strategy to balance the oil market is to cut oil exports to the U.S., a move intended to drain near-record-high crude oil inventories. OPEC originally thought that six…

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How Much Will Inventories Shrink As OPEC Extends Cuts?

May 29, 2017 at 13:44 | Stuart Parnell

Well, if it’s the end of May, it must be time for another OPEC meeting. And sure enough it was. Yet again, the representatives of the OPEC nations got together…

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Russian Energy Minister: Oil Markets To Rebalance In Q3 2017

May 29, 2017 at 13:27 | Oil & Gas 360

Russia’s Novak suggests Russia has more room for deeper cuts Crude oil prices fell more than 5 percent Thursday after OPEC extended a production cut deal which had originally help…

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Vienna Was A Bust: What’s Next For OPEC?

May 26, 2017 at 17:04 | Gregory Brew

At its conference in Vienna, OPEC announced a nine-month extension of its November 2016 deal to cut production. Markets were singularly unimpressed with the decision, which had been baked into…

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The Reaction To The OPEC Deal Extension Is Logical, But Flawed

May 26, 2017 at 14:58 | Martin Tillier

Those new to financial markets, and energy trading in particular, were probably somewhat puzzled by the price action in oil futures this week following the announcement by OPEC and some…

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The OPEC Elixir Wasn’t Potent Enough

May 26, 2017 at 14:58 | Editorial Dept

Friday May 26, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

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Falling OPEC Exports Create Upside For Oil Prices

May 26, 2017 at 12:38 | Matt Smith

No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid…

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Why OPEC Couldn’t Move Oil Prices Higher

May 25, 2017 at 15:50 | Nick Cunningham

The latest OPEC meeting was uncharacteristically tranquil, with little of the eleventh hour infighting and arm-twisting that has been so prevalent in previous meetings. The cooperative spirit has allowed OPEC…

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