• 1 day 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 ?
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 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
  • 8 hours European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days Demonising fossil fuels has caused major grid problem in Australia
  • 8 days "And this is perhaps the most dangerous kind of government there can be."
  • 2 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 5 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 329 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 7 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Why You Should Expect A Substantial OPEC Deal

OPEC ministers are again meeting, this time in Doha, but haven’t yet showed a sign of a sweeping deal that could come out of Vienna and OPEC later this month. But I believe it’s going to be a lot more substantial that just about any other analyst thinks.

The markets are saying there won’t be much if any cut from OPEC and non-OPEC states from the meeting that’s going to take place on November 30th. A deal to limit OPEC to 32.5m barrels a day that was first suggested in Algiers in October would send oil prices well over $50 a barrel. Today, the $46 price you’re seeing represents a market that surely expects nothing from this meeting. I think the market is wrong.

The pressure to generating a production deal is being spearheaded by Saudi Arabia, although Nigeria and Venezuela would certainly approve. And the Saudis have certainly changed their tune in lots of substantial ways in 2016: They’ve begun floating sovereign bonds, a first time for them in beginning to monetizing national oil assets. They’re engaged in a real struggle for power inside the Saudi family, with young Prince Salman gaining public prominence over the older Prince bin Nayyef, still first in line for succession. Their military excursion against the Houti into Yemen isn’t going well. Younger Saudis are calling for a faster progression towards ‘Vision 2030’ and a relaxation of social restrictions inside the kingdom.

But, most importantly,…




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