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As warned one month ago after the farcical OPEC meeting in Algiers, the cartel's latest jawboning ploy to keep prices artificially higher - if only…
As we reported last week, just as OPEC announced a new monthly production record, with total output rising by 220kbpd to a record 33.4mmbpd... (Click…
While historically the major conflict within OPEC in recent years had been between Iran, whose oil production had been mothballed since 2013 as a result…
While we await every new headline out of Algiers, overnight Goldman threw in the towel on its "transitory" oil market bullishness, and in a note…
Saudi Arabia's oil policy, unveiled just under two years ago at the November 2014 OPEC meeting where it effectively splintered the OPEC cartel by announcing…
One week ago we reported that one of the biggest mysteries for the global oil market, and certainly the biggest wildcard for future oil prices, is the…
With oil prices surging on the 'one-off' crash in U.S. inventories (as algos run riot once again), overnight remarks from Iran, largely dashing hopes of…
In mid-January, everyone's favorite market indicator Dennis Gartman, made an infamous prediction when oil was trading in the mid-$30s, when he said that oil won't…
At the end of July, we wrote an article titled "Oil Bulls Beware: Crude Demand Is About To Slide As China's SPR Is "Close To…
In the past two weeks, Iran has rejoined the OPEC production freeze headline and jawboning fray, by making bold statements that it would be willing…
So what do you do when the commodity you harvest and sell suddenly collapses by 50-60 percent and slashes your operating profit? If you said,…
Exactly 24 hours ago, we explained why - in our view - the oil rally was over, and gave four key reasons: 1. After the…
Introduction: There has been much debate in the oil industry regarding this subject with a lot of poor analysis, no analysis at all, opinions, raw…
Ever since the February crash, when oil tumbled to 13 years lows, and when OPEC started releasing tactical headlines at key inflection points about an…
Following his bearish note last week, Morgan Stanley's oil analyst Adam Longson is out with a new report, in which he accurately explains that the…
WTI is now up 14% from its lows last week, with Sept 2016 trading back above $44.50 at 3-week highs. Oil's rapid OPEC-headline-driven recovery continues...…
Having briefly dipped under $40, oil quickly rebounded over the past few days after the now traditional rumors of an "imminent" OPEC oil supply cut…
Morgan Stanley's Adam Longson has been one of the most bearish sell-side analysts on oil, and overnight he confirmed he isn't going to change his…
Oil prices rose Monday as modestly stronger margins for refiners provided support to the market despite the continuing glut of crude supply. The October contract…
WTI Crude is up over 6 percent in 24 hours since yesterday's surprise build (and production cut), as the machines squeeze out an over-exuberant short…