• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 1 min americavchina.com (otherwise known as OilPrice).
  • 6 hours Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 15 hours Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 1 day Natural Gas
  • 9 hours Iraq war and Possible Lies
  • 9 hours POTUS Trump signs the HK Bill
  • 21 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 12 hours READ: New Record Conoco Eagleford Vintage 5 wells, their 5th generation test wells . . . Shale going bust . . . LAUGHABLE
  • 2 days 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 2 days Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial backing . . . Support "Carried Interest" . . Leave it alone
  • 2 days Winter Storms Hitting Continental US
  • 1 day Aramco Raises $25.6B in World's Biggest IPO
  • 1 hour Everything you think you know about economics is WRONG!
  • 1 day My interview on PDVSA Petrocaribe and corruption

Breaking News:

Surprise Crude Build Threatens Oil Rally

Alt Text

OPEC Deal Could Send Oil To $70

Oil prices rose last week…

Alt Text

The 2 ‘’Deals’’ That Could Send Oil Soaring

Oil prices are rising toward…

Alt Text

Iraq In Crisis As Oil Is Threatened

Both the U.S. and Iran…

Editorial Dept

Editorial Dept

More Info

Premium Content

Will Bearish Sentiment Break OPEC+?

The oil market has gone decidedly bearish, and sentiment is growing that Moscow isn’t going to be able to play ball much longer with OPEC cuts. The World Bank has slashed its economic growth outlook for Russia for 2019 over lower crude production after it agreed with OPEC to cut some 300,000 bpd and a major contamination problem led to a disruption at the Druzhba pipeline. Russia’s GDP growth is now set at an expected 1.2%, down from 1.5%. To make things worse, while everyone has been focused on the supply side of this equation, bearish sentiment has been boosted by the demand narrative. Consumption levels have been dropping thanks to fears of a global economic growth slowdown. Economic slowdowns in China and Germany, the never-ending Brexit debacle, and now an even more intensified trade war are all contributing to that negative picture. Saudi Arabia also said on Friday that OPEC was close to agreeing to extend production cuts past June, but they haven’t yet sealed the deal with non-OPEC countries (i.e. Russia).

Will There Be a War With Iran?

It’s a million-dollar question and one that is impossible to answer definitively. One can, however, assess the situation from various external perspectives and an even greater number of proxies involved in this brewing conflict. If this conflict does escalate, Iran warns that oil prices could go above $100 per barrel as soon as the first shot is fired in the Persian Gulf. Technically, that shot was…



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play