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Energy / Oil Prices

Why It Makes Economic Sense For The Saudis To Cut

Dec 14, 2016 at 11:54 | Matt Smith

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 Coming Fracture Of Saudi Arabia

Dec 13, 2016 at 14:56 | ZeroHedge

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,…

After Burning Himself On The OPEC Deal: Gartman Says ‘’Buy Oil’’

Dec 13, 2016 at 12:40 | ZeroHedge

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;…

Can OPEC Send Oil To $70?

Dec 12, 2016 at 17:32 | Irina Slav

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…

The Venezuelan Crisis Continues To Spiral Out Of Control

Dec 12, 2016 at 14:55 | Luis Colasante

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…

The Buying Continues As Non-OPEC Producers Cut Output

Dec 12, 2016 at 13:11 | Matt Smith

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…

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,…

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…

An Oil Price Recovery Could Finally Be Here

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…

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…

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…

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…

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

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…

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.…

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…

Oil Prices Retreat As OPEC, Russia Bump Up Output Ahead Of Cuts

Dec 06, 2016 at 09:21 | Tsvetana Paraskova

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…

The Wider Ramifications Of The OPEC Deal

Dec 02, 2016 at 17:52 | Gregory Brew

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…

After OPEC - What’s Next For Oil Prices?

Dec 02, 2016 at 17:15 | Oil & Gas 360

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…

How To Trade The OPEC Deal

Dec 02, 2016 at 16:56 | Dan Dicker

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…

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