Tag: OPEC

New Oil Buyers Club To Threaten OPEC

New Oil Buyers Club To Threaten OPEC

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying. “The timing is right. The boom in U.S. oil and gas production gives […]

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Oil Is Breaking Out, How About Oil Company Stocks?

| April 19, 2018 | 0 Comments
Oil Is Breaking Out, How About Oil Company Stocks?

In late 2016, OPEC agreed to cut production in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil had crashed. OPEC’s strategy is having the desired effect. Over the past year, despite strong U.S. shale production growth, global inventories have steadily declined. In response, […]

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Saudi War On Shale Is Not Over Yet

| March 28, 2017 | 0 Comments
Saudi War On Shale Is Not Over Yet

Two weeks ago when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil from American shale deposits, it was another sign that the Saudi war on shale actually never ended. To properly understand this announcement, we need to […]

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Oil Prices: Then, Now And 2017

| November 1, 2016 | 0 Comments
Oil Prices: Then, Now And 2017

The price of a barrel of oil has dropped to $47.63 today (Monday, Oct. 31) on the news OPEC members aren’t progressing toward an agreement on curbing oil production. Futures markets have seen bets on lower WTI crude oil prices rise for the first time this month. This is a stark turnaround for the oil […]

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Exxon Mobil $XOM Is Breaking Out!

| February 18, 2016 | 0 Comments
Exxon Mobil $XOM Is Breaking Out!

Exxon Mobil $XOM Is On A Roll… Bulls are pushing back in the oil market… Word of an output freeze amongst the world’s largest oil producing countries sent West Texas Intermediate (WTI) spiking 8% in yesterday’s trading session. While the development is certainly a step in the right direction, it won’t immediately solve the oversupply […]

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Is This Crude Oil Rally For Real?

| September 1, 2015 | 0 Comments
Is This Crude Oil Rally For Real?

Is This Crude Oil Rally For Real? No doubt about it, last week’s market action was some of the craziest we’ve seen in years.  From Monday’s eye-popping 1,000 point DOW downdraft to Wednesday’s scorching 600 point rally, the equity markets literally went crazy. But while equity markets were stealing the headlines, something very important happened […]

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Another Bullish Run For Oil Prices Today?

| May 7, 2015 | 0 Comments
Another Bullish Run For Oil Prices Today?

What’s In Store For Oil Prices Today? It has been an incredible bullish run for West Texas Intermediate (WTI) crude the past few weeks.  In fact, on Tuesday the commodity rallied over $60 a barrel for the first time this year. The recent upturn has WTI up 10% on the year and up 40% from […]

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