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OPEC Surprises Markets With Last Minute Deal
OPEC Surprises Markets With Last Minute Deal In the last possible minute, OPEC+ managed to agree upon a massive cut of 1.2 million bpd, pushing oil prices up by over 3 percent. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to […]
Oil Prices Hit Multi-Month Lows
Oil Prices Hit Multi-Month Lows Oil prices fell to multi-month lows at the end of the week, as a confluence of factors all point in a bearish direction. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) …click on the above link to […]
Oil Markets Enter “Crucial Period”
Oil Markets Enter “Crucial Period” Oil prices edged up this week on lost supply from Iran and Venezuela, although those supply concerns are somewhat offset by worries over demand. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) OPEC downgraded demand while the IEA said in […]
Could Oil Hit $100?
Could Oil Hit $100? Oil prices have continued their climb following a week of bullish news, and with geopolitical tensions reaching a boiling point, prices are poised to head even higher. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, May 11, 2018 Iran continues […]
Oil Prices Tear Higher On Middle East Tensions
Oil Prices Tear Higher On Middle East Tensions Oil prices rose on Tuesday ahead of the API data report, fueled by Middle East tensions and dwindling crude output in Venezuela. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – U.S crude oil exports averaged 1.1 million barrels per day (mb/d) in […]
OPEC Looks To Dial Back Production Cuts
OPEC Looks To Dial Back Production Cuts Last week’s surprise drawdown in crude inventories may be the last for a while, as analysts are expecting a reversal in stocks this week. (Click to enlarge) (Click to enlarge) (Click to enlarge) – China became the second largest LNG importer in 2017, surpassing South Korea. – China’s […]
Can Anything Stop The Shale Surge?
Can Anything Stop The Shale Surge? Higher oil prices may lead to huge growth in U.S. shale production, according to revised predictions from both OPEC and the IEA. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) …click on the above link to read the rest of the article…
Oil Market On Edge Following Outages
Oil Market On Edge Following Outages Several key outages have left the oil markets anxious despite a promising start to the week. Analysts are keeping a close eye on both Nigeria and Venezuela as political instability threatens to impact supply further. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – Brazil’s oil production […]
OPEC Extension Sends Oil Prices Soaring
OPEC Extension Sends Oil Prices Soaring Oil markets’ initial reaction to yesterday’s OPEC news was rather dull, however oil prices saw a sharp spike on Friday morning as the bulls returned to the mix. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) OPEC followed through […]
Oil Prices Spike On Middle East Tensions
Oil Prices Spike On Middle East Tensions Oil prices rose on Friday on bullish data from China showing an uptick in oil imports by 1 million barrels per day in September, from a month earlier. On top of that, anxiety over President Trump’s decision to decertify the Iran nuclear deal, plus simmering tension in Iraq […]
