{"id":2126,"date":"2014-11-27T11:45:55","date_gmt":"2014-11-27T16:45:55","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2126"},"modified":"2014-11-27T11:45:55","modified_gmt":"2014-11-27T16:45:55","slug":"oil-prices-collapse-after-opec-keeps-oil-production-unchanged-live-conference-feed-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2126","title":{"rendered":"Oil Prices Collapse After OPEC Keeps Oil Production Unchanged &#8211; Live Conference Feed | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-11-27\/oil-prices-collapse-after-opec-keeps-oil-production-unchanged\">Oil Prices Collapse After OPEC Keeps Oil Production Unchanged &#8211; Live Conference Feed | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">But, but, but&#8230; all the clever talking heads said they wil have to cut&#8230;<\/p>\n<ul>\n<li><strong>*OPEC KEEPS OIL PRODUCTION TARGET UNCHANGED AT 30M B\/D: DELEGATE<\/strong><\/li>\n<\/ul>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">WTI ($70 handle) and Brent Crude (under $75 for first time sicne Sept 2010) are collapsing&#8230; as will US Shale oil company stocks and bonds (and thus all of high yield credit) tomorrow.\u00a0<strong>The Saudis are &#8220;very happy&#8221; with the decision, Venzuela &#8216;stormed out, red faced, furious.&#8217;<span style=\"text-decoration: underline;\">\u00a0Commentary from various OPEC members appears focused on the need for non-OPEC (cough US Shale cough) nations to &#8220;share the burden&#8221;<\/span>and cut production<\/strong>\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/news\/2014-11-26\/us-secret-deal-saudis-backfires-after-oil-minister-says-us-should-cut-first\"><em>(just as the Saudis warned yesterday)<\/em><\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">It appears OPEC members have varying opinions&#8230;<\/p>\n<ul>\n<li><strong>*KUWAIT&#8217;S OIL MINISTER SAYS HAPPY WITH OPEC OUTPUT DECISION<\/strong><\/li>\n<li><strong>*OPEC DECISION IS `VERY HAPPY&#8217; ONE: [SAUDI ARABIA] NAIMI<\/strong><\/li>\n<li><strong>*IRANIAN OIL MINISTER SAYS HE&#8217;S `NOT ANGRY&#8217; WITH OPEC DECISION<\/strong><\/li>\n<li><strong>#OPEC Venezuela Ramirez storms out red faced. Looked furious.<\/strong><\/li>\n<li><strong><span style=\"text-decoration: underline;\">*OPEC, NON-OPEC MUST SHARE OIL MKT BURDEN: NIGERIA MINISTER<\/span><\/strong><\/li>\n<li><strong>*OPEC `NOT PLAYING HARDBALL&#8217; IN OIL MARKET: NIGERIA MINISTER<\/strong><\/li>\n<li><strong>*OPEC DECISION WAS BEST THING TO DO AT THIS TIME: NIGERIA<\/strong><\/li>\n<li><strong>*OPEC MADE A GOOD DECISION: ECUADOR OIL MINISTER<\/strong><\/li>\n<li><strong>*WE ARE MAINTAINING OPEC UNITY: ECUADOR MINISTER<\/strong><\/li>\n<\/ul>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Prices Collapse After OPEC Keeps Oil Production Unchanged &#8211; Live Conference Feed | Zero Hedge. But, but, but&#8230; all the clever talking heads said they wil have to cut&#8230; *OPEC KEEPS OIL PRODUCTION TARGET UNCHANGED AT 30M B\/D: DELEGATE WTI ($70 handle) and Brent Crude (under $75 for first time sicne Sept 2010) are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[91,592,600,701,723,1451],"class_list":["post-2126","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-brent-crude","tag-oil-price","tag-opec","tag-saudi-arabia","tag-shale-oil","tag-west-texas-intermediate"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2126"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2126\/revisions"}],"predecessor-version":[{"id":2127,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2126\/revisions\/2127"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}