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Oil Rallies On Report OPEC+ Will Do “Whatever It Takes”, May Cut By 1.4MM Barrels

Oil Rallies On Report OPEC+ Will Do “Whatever It Takes”, May Cut By 1.4MM Barrels One day after Saudi Arabia revealed that it had not complied with its production quota in October for the first time since OPEC’s November 2016 meeting in Vienna, Reuters sent oil prices into the green with a report that OPEC […]

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Saudis Scramble To Stop Oil Price Slide

Saudis Scramble To Stop Oil Price Slide Saudi Arabia is moving quickly to halt the slide in oil prices, telegraphing a production cut intended to erase some of the re-emerging supply surplus. Saudi oil minister Khalid al-Falih said on Monday that the kingdom would slash oil exports by 500,000 bpd in December, a move that […]

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The Double-Edged Sword Of High Oil Prices

The Double-Edged Sword Of High Oil Prices Rising oil prices were seen last year as a positive result of growing global growth and recovery, but a combination of factors is turning this benign view into a more sinister scenario. On the supply side, the combined efforts of OPEC and Russia, leaky as the agreement has […]

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Could An Oil Surplus Be A Sign Of Things To Come?

Could An Oil Surplus Be A Sign Of Things To Come? Today, we have a surplus of oil, which we are trying to use up. That has never happened before, or did it? Well, actually, it did, back around 1930. As most of us remember, that was not a pleasant time. It was during the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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