Will OPEC’s Gamble Pay Off?
The tentative deal that OPEC agreed to in Algeria last week has been met with a lot of skepticism , both because it might be difficult to finalize and because Continue Reading
An OPEC Output Cut Not Likely to Alter Oil Imbalance
An informal meeting of OPEC members took place Sept. 28 in Algeria, at which ministers… OPEC’s move to cut output might be too late. After pumping full tilt for the Continue Reading
OPEC oil output hits record on Iraq, Libya boost: Reuters survey
The word oil is pictured on an oil bank at a recycling yard in London March 2, 2011. OPEC’s oil output is likely to reach its highest in recent history Continue Reading
Oil Slips as Doubts Grow Over OPEC Deal
Oil futures fell Friday as investors cashed in their recent gains and skepticism grew over a tentative agreement to cut production among members of the Organization of the Petroleum Exporting Continue Reading
OPEC ‘Understanding’ Is Easily Misunderstood
OPEC headquarters in Vienna “You keep using that word. I do not think it means what you think it means.” The much heralded meeting of oil producers in Algeria led Continue Reading
OPEC Oil Output To Increase In September Ahead Of Freeze
Despite OPEC’s decision on Wednesday to scale back production, the oil trade bloc will produce oil at record rates in September, according to the results of an industry survey conducted Continue Reading
Global oil surplus to persist into first half of 2017: IEA
A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of Continue Reading
Deal or No Deal, OPEC’s Freeze Talks Are Already Succeeding
OPEC has scared short sellers with talk alone: Credit Suisse Verbal intervention without action may backfire: Commerzbank Even as speculation builds over whether OPEC will clinch an output deal with Continue Reading
OPEC August Production Data
I told Dennis that I was not going to post anymore but I just found a lot of time on my hands and decided to update the OPEC numbers from Continue Reading
Oil market awash with crude, Opec says
Oil markets will remain awash with crude well into 2017, Opec warned on Monday, as the resilience of the US shale industry and new streams of oil production threaten to Continue Reading