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OPEC+ Succeeds, What’s Next For Oil?

OPEC+ Succeeds, What’s Next For Oil?

OPEC and its partners managed…

OPEC+ Gears Up For Production Cuts

OPEC+ Gears Up For Production Cuts

Oil prices rose once again…

Energy / Crude Oil

Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal

Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal

Dec 04, 2018 at 15:39 | Tsvetana Paraskova

A fractured OPEC is meeting later this week to discuss a deal to cut oil production—yet again—to rebalance the market and lift oil prices that have recently slipped to below…

Is This The Next Disaster For Canadian Drillers?

Is This The Next Disaster For Canadian Drillers?

Dec 04, 2018 at 15:15 | Irina Slav

The government of Alberta this week took an unprecedented decision to enforce a crude oil production cut so excess inventories could be shrunk and the price of western Canadian grades…

OPEC+ Gears Up For Production Cuts

OPEC+ Gears Up For Production Cuts

Dec 04, 2018 at 12:56 | Tom Kool

Oil gained for a second day in a row on Tuesday, pushed up by a trade war truce, pending OPEC+ production cuts, and surprise mandatory output reductions in Canada.

NOPEC Act Is A Big Concern For OPEC Members

NOPEC Act Is A Big Concern For OPEC Members

Dec 04, 2018 at 10:37 | Tsvetana Paraskova

A proposed U.S. legislation that could pave the way for suing OPEC for market manipulation is a “big concern” among the cartel and may weigh on the message from the…

OPEC Oil Exports Jump Ahead Of Meeting

OPEC Oil Exports Jump Ahead Of Meeting

Dec 04, 2018 at 09:05 | Irina Slav

Crude oil exports from OPEC went up by 619,000 bpd last month, data from French shipping data tracking company Kpler showed, with Venezuela notable for a 358,000-bpd increase alone. In…

Alberta Intervenes To Halt Canada’s Oil Crisis

Alberta Intervenes To Halt Canada’s Oil Crisis

Dec 03, 2018 at 15:56 | Nick Cunningham

Oil prices rose on Monday, buoyed by coordinated production cuts – cuts that did not come from Vienna (although that too could occur later this week). Instead, the mandatory reductions…

What Crashing Refining Margins Mean For Oil Markets

What Crashing Refining Margins Mean For Oil Markets

Nov 30, 2018 at 17:07 | Nick Cunningham

Oil prices have plunged to one-year lows, but refiners in certain parts of the U.S. are not benefitting from cheaper crude. According to new data from the EIA, refining margins…

The Saudi Dilemma: To Cut Or Not To Cut

The Saudi Dilemma: To Cut Or Not To Cut

Nov 30, 2018 at 17:04 | Irina Slav

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting.…

Are Oil Markets About To Turn Around?

Are Oil Markets About To Turn Around?

Nov 30, 2018 at 16:56 | Jim Hyerczyk

Despite hitting its lowest level in over a year earlier in the week, crude oil is showing signs of stabilizing. This is perhaps an early indication that the worst of…

Shale Drillers May Cut Capex As Oil Falls To $50

Shale Drillers May Cut Capex As Oil Falls To $50

Nov 30, 2018 at 16:52 | Tsvetana Paraskova

Just as the U.S. shale patch is drafting spending budgets for 2019, oil prices have tumbled 25 percent from four-year highs in early October to just above $50 a barrel…

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