• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 28 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 1 day Once seen as fleeting, a new solar tech proves its lasting power
  • 5 days "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 8 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas

Breaking News:

Oil Should Stay In Triple Digits: Analyst

Biden’s Green Energy Policy May “End In Tears”

Biden’s Green Energy Policy May “End In Tears”

The Biden Administration is betting…

The Winners And Losers Of The New Energy World Order

The Winners And Losers Of The New Energy World Order

Russia’s invasion of Ukraine has…

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




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News