2018 was a year of surprises for oil. We began with most traders and commentators convinced that $100 crude was a very real risk and…
OPEC+ took action to cut supplies from the market last week and threw themselves and U.S. frackers a substantial short-term lifeline. In terms of price…
Sources - Kazakhstan energy industry executives- Western hedge fund manager- A source in the Kazakh political elite inner circle- A prominent UAE banker- Libyan investigative…
Russia has never been producing more oil than it does now – up to the OPEC/OPEC+ production cut agreed upon in Vienna last week, almost…
The penultimate full trading week of 2018 brought no clear indication of where oil markets would go in the upcoming weeks. On one hand, the…
Last week we wrote about Oil’s Big Week highlighting the importance of the OPEC+ and Trump/Xi G20 meetings which transpired in the last few days.…
Geopolitical Notebook Sources - Lawyer in UAE working with high-net-worth Russian clients- UAE ministry official- Economist in Dubai Qatar Exits Cartel to Protect LNG Qatar’s…
Roughly two years ago, in the last days of November 2016, Vienna became the epicenter of global oil developments. There, a ground-breaking agreement was concluded,…
The uncertainty surrounding OPEC/OPEC+ negotiations in Vienna strengthened the overwhelmingly bearish sentiment in oil markets this week, but a larger than expected cut has sent…
“If you repeat a falsehood long enough, it will eventually be accepted as fact.” In the financial markets, and economics, it is a common occurrence…
Some trends are just impossible to predict because before they take place, the mere idea of them materializing seems like outlandish. Yet, sometimes the market…
November 2018 will not go down in the history of oil trading as a successful month, in fact it was so bad that the last…
It’s hard to imagine higher stakes for the oil market over the next week as traders get set for an OPEC+ meeting and the Trump/Xi…
Global Intelligence Report - 30th November 2018 Sources - Turkey’s National Security Council - Turkish general, ex-NATO - Top aide to Turkish deputy foreign minister…
On November 30th two rather powerful men are set to have a meeting in Argentina and they may very well decide the short-term fate of…
Sources - Middle East analyst based in Dubai, with access to Saudi royal advisors and business elite- Libyan investigative journalist in Tripoli- Turkish investigative journalist…
Having looked thoroughly into the implications of the latest U.S. Iran sanctions throughout the past few weeks, it is reasonable to ask who stands to…
December 6 might become the next key milestone in OPEC’s drive to keep oil prices within a more or less universally acceptable range. Until then,…
Oil’s bear market shifted into overdrive this week following the largest daily selloff in three years. Brent futures dropped to $65 while WTI hit $55.…
Sanctions, Oil Deals: The Russian Perspective Sources: - High-level figure close to the Russian presidential administration- Senior official in the Russian Ministry of Finance- Moscow-based…