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Energy / Oil Prices

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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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OPEC Expects U.S. Driving Season To Save Oil Prices

May 16, 2017 at 11:34 | Gregory Brew

Prices enjoyed a boost last week from encouraging inventory reports. Both the EIA and the API reported large draws on crude inventories, signaling that demand appeared to be catching up…

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Non-OPEC Compliance Lags At 66% As OPEC Seeks To Extend Deal

May 16, 2017 at 11:08 | Tsvetana Paraskova

The non-OPEC producers that have signed up to the production cut deal reached a compliance rate of 66 percent in April, up from 51 percent in March, according to the…

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Goldman’s Two Conditions For A Successful OPEC Deal

May 16, 2017 at 09:34 | ZeroHedge

Goldman, which has been pushing for higher oil prices with seemingly daily bullish research reports for the past month, underwrote the last Saudi Arabian bond issue and is expected to…

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Oil Is Now At The Mercy Of Money Markets

May 15, 2017 at 14:20 | David Yager

For an industry suffering from Post-Traumatic Stress Disorder (PTSD) almost 2.5 years after the oil price collapse, May 4 was a very long day. Having traded within one dollar of…

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Oil Jumps As Saudis And Russians Agree To Extend OPEC Deal Into 2018

May 15, 2017 at 09:53 | Irina Slav

What Saudi Arabia’s Oil Minister said in March will not happen, has happened: in a joint statement, Khalid al-Falih and his Russian counterpart Alexander Novak said that OPEC and…

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