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Gold Prices Set To Spike Under Trump

Dec 07, 2016 at 17:39

November 2016 was a historic month in which two monumental market shocks took place – the election of Donald Trump to the U.S. presidency and the surprise deal reached by…

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Will We See $60 Oil By Christmas?

Dec 07, 2016 at 16:45

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

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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The End Of The Bust? U.S. Shale Patch Could Start Hiring Soon

Dec 07, 2016 at 16:04

More than 150,000 jobs in the oil and gas sector in the U.S. have been cut since the start of the oil price crisis in mid-2014. In just the…

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Drilling Frenzy? Oilfield Services Booked Out

Dec 07, 2016 at 15:46

“If you don’t have your crews lined up by now, you’re not going to be able to complete your wells in Q1,” replied my oilfield service friend. “We’re fully booked…

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Oil Minister: Venezuela Has Left 500,000 Bpd Output Out Of OPEC Deal

Dec 07, 2016 at 13:53

Venezuela - one of the OPEC deal’s staunchest promoters and supporters – produces around 500,000 barrels per day of heavy oil, and this figure has been left out of the…

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How OPEC Has Papered The Oil Market Cracks

Dec 07, 2016 at 13:10

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

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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EIA Reports Crude Inventory Draw Amid Rising Doubts On OPEC Deal

Dec 07, 2016 at 09:43

As doubts about the effectiveness of OPEC’s production cut deal continue to rise, the EIA reported a 2.4-million-barrel fall in commercial inventories for the week to December 2. The…

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Kuwait Calls For Meeting To Enforce OPEC Cut In Q1 2017

Dec 07, 2016 at 09:09

Kuwait will be taking a leadership role in monitoring the Organization of Petroleum Exporting Countries’ (OPEC) week-old production freeze deal, according to acting oil minister Anas al-Saleh, who said he…

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