Oil Slips as OPEC Meeting Disappoints
Oil prices eased on Monday, with investors disappointed at major producers’ decision to maintain their production cuts at the same level, rather than deepening them. Brent crude, the global oil Continue Reading
Get Ready for Peak Oil Demand
The world’s largest oil companies are girding for the biggest shift in energy consumption since the Industrial Revolution: After decades of growth, global demand for oil is poised to peak Continue Reading
The OPEC Elixir Wasn’t Potent Enough
Those new to financial markets, and energy trading in particular, were probably somewhat puzzled by the price action in oil futures this week following the announcement by OPEC and some Continue Reading
Vienna Was A Bust: What’s Next For OPEC?
At its conference in Vienna, OPEC announced a nine-month extension of its November 2016 deal to cut production. Markets were singularly unimpressed with the decision, which had been baked into Continue Reading
Op-Ed: Crude Export Habits Could Factor Into OPEC’s Oil Balancing Act
With the US entrance into the crude oil exporting market and little change in global loading, production may not be the only weight on commodity prices and crude oversupply. Although Continue Reading
OPEC Wins Hedge Funds Back With Jump in Oil Bets Before Deal
Net-long position on WTI rose by most this year: CFTC U.S. supply drop will be key to sustaining the enthusiasm Hedge funds are giving OPEC some credit again. Following four Continue Reading
OPEC Insiders Reel After Key Minister Is Fired During Their Meeting
Algerian oil minister learns of dismissal from news report Boutarfa was architect of OPEC, non-OPEC production cut deal As OPEC ministers gathered in Vienna Thursday to agree a nine-month extension Continue Reading
Saudis Take Aim at Swollen U.S. Oil Stockpiles in Strategy Shift
Minister promises marked drop in Saudi crude sales to U.S. Kingdom shipped more crude to U.S. so far this year than 2016 After sparing its prized U.S. market from oil-output Continue Reading
Pearl takes arbitration victory against KRG to U.S. court
Kurdistan’s leading gas investor is looking to affirm $2 billion in awards against the KRG, potentially paving the way for enforcement action, while lining up $26.5 billion in further claims. Continue Reading
Nigeria Secures Second Exclusion From Opec Output Freeze
Nigeria again got members of the Organisation of Petroleum Exporting Countries (OPEC) and its other non-producers allies led by the Russian Federation, to exempt it from limiting the volume of Continue Reading