• 9 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes The EU Loses The Principles On Which It Was Built
  • 19 minutes Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 3 hours Saudi Fund Wants to Take Tesla Private?
  • 2 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 8 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 5 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 55 mins China goes against US natural gas
  • 9 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 4 hours Corporations Are Buying More Renewables Than Ever
  • 17 hours Starvation, horror in Venezuela
  • 18 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 20 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 11 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 12 hours Film on Venezuela's staggering collapse
Saudi Investment Fund Eyes Tesla Rival

Saudi Investment Fund Eyes Tesla Rival

Saudi Arabia’s wealth fund PIF…

Is Deepwater Drilling More Profitable Than Shale?

Is Deepwater Drilling More Profitable Than Shale?

Conventional wisdom in oil markets…

Oil Falls As Russia Tempers Tone On Output Freeze

Yesterday, Russia said that a deal was virtually assured with Saudi Arabia to "freeze" production (at record levels) that did not require Iran's participation. And now, it appears the Russians are walking that confident "hope" back. Russia's energy minster just told a briefing that the Doha "freeze" deal would be "loosely-framed with few detailed commitments."

Not exactly what the market was hoping for...

(Click to enlarge)

And finally, the incessant bullshit on mainstream media that "everyone" is short oil into the Doha weekend is utter tripe - in fact Oil ETF shorts are at the lowest level in 4 months.

Related: Angola Could Be OPEC’s First Member To Fall

(Click to enlarge)

This weekend is setting for some chaos indeed as Oil ETF holders are now at their most bullishly net-positioned since early December.

By Zerohedge

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News