Higher oil prices are expected…
The fluctuating prices in response…
Oil prices are lower today, as focus shifts from optimism of the market balancing in the future, back to current oversupply. With today's U.S. inventory report helping crude to pare…
The Bible’s book of Galatians, VI teaches, «as you sow, so shall you reap». And for Saudi Arabia, which has overtly and covertly supported rebellions in Libya, Syria, Iraq, Yemen,…
Just hours before the November 30 Vienna OPEC meeting, whose outcome sent the price of oil soaring, Dennis Gartman had a recommendation: "we are short of crude oil from yesterday;…
OPEC managed to convince almost a dozen non-OPEC producers to take part in oil production cuts over the weekend, and the news immediately sent international benchmarks higher, prompting a fresh…
Venezuela’s economic, humanitarian and political crisis has not shown any sign of improving since the opposition and the government started “the dialogue” mediated by the Vatican and UNASUR. The crisis…
And crude is full of the festive spirit, merrily skipping higher today in response to the result of the weekend's OPEC / NOPEC meeting. As the number of global oil…
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,…
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…
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…
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…
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…
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…
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
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…
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.…
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…
Having rallied to 16-month-highs on the back of OPEC’s deal to cut oil supply, oil prices dipped on Tuesday after figures showed that November output at both OPEC and…
Contrary to many analysts’ expectations, OPEC successfully reached a deal to cut production on Wednesday. The deal, while still contingent upon non-OPEC production cuts, would see total OPEC production drop…
OPEC deal to cut 1.2 MMBOPD could return market to balance in the first half of 2017 Crude oil prices surged Wednesday following news from OPEC that the group agreed…
OPEC delivered a very substantial production cut on Wednesday in Vienna, and first, I need to take a victory lap: – I was one of the very few (I believe…