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Combined Compliance For OPEC, Non-OPEC Hits 86%

Combined Compliance For OPEC, Non-OPEC Hits 86%

According to OPEC delegates, OPEC’s…

Energy / Oil Prices

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The Bulls Are Back: Oil Spikes As Non-OPEC Pledges 558,000 Bpd Cut

Dec 12, 2016 at 10:33 | Irina Slav

Almost a dozen non-OPEC producers have agreed to reduce their crude oil output in a bid to support OPEC’s efforts to prop up prices. Among them are Mexico,…

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Oil Prices Climb To 17 Month Highs As Saudis Vow To Cut Even More

Dec 12, 2016 at 09:20 | Tsvetana Paraskova

Some analysts expect Brent crude to hit US$60 this week—a first in a year and a half, after Saudi Arabia’s oil minister fueled the already upbeat markets by saying over…

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A Real Opportunity For An Oil Price Recovery

Dec 09, 2016 at 17:56 | Dan Dicker

The OPEC production agreement, which we called correctly, has already helped hoist the profitable oil stocks we held, but what about 2017? One way I’ve looked at oil and oil…

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Stormy Seas Ahead For Oil Markets

Dec 09, 2016 at 17:34 | Osama Rizvi

While the November OPEC deal sent crude sailing above $50, oil markets are expected to face some strong headwinds going forward. The Federal Open Market Committee will hold its policy…

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Oil Rises As Saudis Move To Implement Output Cuts

Dec 09, 2016 at 13:39 | Matt Smith

Oil prices remain bid up into the weekend, as the market adopts the first part of the motto 'buy the rumor, sell the fact' ahead of tomorrow's OPEC / NOPEC…

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Will We See $60 Oil By Christmas?

Dec 07, 2016 at 16:45 | Rakesh Upadhyay

For the first 11 months of the year, OPEC talked oil prices up, but by December it became clear that oil prices were not going to rise higher on mere…

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U.S. Shale Set To Kill Oil Price Rally

Dec 07, 2016 at 16:24 | Nick Cunningham

The resurgence of U.S. shale will undermine the OPEC-fueled price rally, capping oil prices at roughly $50 per barrel through 2017. That is the conclusion from the EIA’s latest

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How OPEC Has Papered The Oil Market Cracks

Dec 07, 2016 at 13:10 | Osama Rizvi

The outcome of the Vienna meeting came as a pleasant surprise to oil markets. A deal had been hammered out and, despite the resistance, OPEC and Non-OPEC producers had agreed…

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Oil Falls As OPEC Euphoria Abates

Dec 07, 2016 at 10:52 | Matt Smith

As the meeting of NOPEC fast approaches this weekend, the mood in the oil market has shifted from euphoria to skepticism, as questions remain around the intent of key producers.…

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OPEC Cheating Will Cap Oil At $52

Dec 06, 2016 at 16:27 | Nick Cunningham

OPEC succeeded in pulling off what many thought was impossible, overcoming mutual disdain and mistrust to reach a deal on reducing its oil output. Oil prices skyrocketed on the…

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