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OPEC and the Oil Price

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee,JMMC, has no authority over executive decisions to continue lowering global oil production, said Kuwait’s Minister of Oil and Minister of Electricity and Water .....»»

Category: topSource: livetradingnewsSep 13th, 2017

Production quotas in question: Is $60 oil too tempting for OPEC to cheat?

Now that oil has passed the $60 barrier, one could imagine top OPEC men rejoicing, as this was the much-coveted price level the ca.....»»

Category: topSource: usatodayNov 6th, 2017

Oil: Is OPEC Finally Pushing Price Higher?

Oil: Is OPEC Finally Pushing Price Higher?.....»»

Category: topSource: seekingalphaNov 6th, 2017

If OPEC Cuts Stay in Place, $60 Oil Is Coming: 4 Stocks to Buy Now

With the price of oil finally appearing to be breaking out, and the possibility for continued production cuts for the OPEC nations a possibility, the energy outlook for 2018 is considerably brighter......»»

Category: blogSource: 247wallstNov 3rd, 2017

What"s Stopping An Oil Price Rally?

Oil supply disruptions, high OPEC oil cut deal complianc.....»»

Category: economySource: nasdaqOct 16th, 2017

IEA: Oil prices to hit a ceiling in 2018

Ongoing production gains from non-OPEC countries will probably act as a “the ceiling for aspirations of higher oil price.....»»

Category: topSource: usatodayOct 16th, 2017

OPEC to take drastic action despite shale slowdown

It’s no coincidence that after two weeks of price declines, OPEC has tried to talk up the oil market again, hinting that more drastic action could be forthcoming.  .....»»

Category: topSource: usatodayOct 12th, 2017

Saudi compliance with the OPEC deal comes at a price

Heinz-Peter Bader/ReutersSaudi Arabia is followi.....»»

Category: topSource: businessinsiderOct 4th, 2017

Saudi Compliance To OPEC Deal Comes At A Price

Saudi Compliance To OPEC Deal Comes At A Price.....»»

Category: topSource: seekingalphaOct 4th, 2017

Citi: An oil supply squeeze is inevitable

Citi has joined in oil price forecasting with a warning: whatever OPEC does,.....»»

Category: topSource: usatodayOct 3rd, 2017

Oil price dips below $56 after third-quarter rally

LONDON (Reuters) - Oil dipped below $56 a barrel on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that saw prices score their biggest third-quarter gain in 13 years......»»

Category: topSource: reutersOct 2nd, 2017

WTI: OPEC decision for production cut extension could boost the price.

There are bearish conditions.....»»

Category: optionsSource: insidefuturesSep 25th, 2017

OPEC and the Oil Price

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee,JMMC, has no authority over executive decisions to continue lowering global oil production, said Kuwait’s Minister of Oil and Minister of Electricity and Water .....»»

Category: topSource: livetradingnewsSep 13th, 2017

Stockpiles further shrinking and OPEC ready for further cuts. Are price near a boom?

All the options are open......»»

Category: optionsSource: insidefuturesAug 28th, 2017

4 Converging Factors That Could Cause an Oil Supply Shock

Hurricane Harvey, an OPEC meeting, Qatar re-establishing ties with Iran and potential US sanctions against Venezuela could cause an oil price spikeRelated Stocks: USO, XLE,.....»»

Category: worldSource: nytAug 24th, 2017

OPEC Reports Higher Output and Higher Prices for July

Once again in July, the 14 members of OPEC exceeded their self-imposed quota on production. The cartel also saw a year-over-year price gain of 34% and is encouraged by falling inventories, higher........»»

Category: blogSource: 247wallstAug 10th, 2017

Some countries aren"t complying with OPEC and it could ruin oil"s rally

Thomson ReutersAnalysts cut yet again—for a sixth consecutive month—their oil price forecasts f.....»»

Category: topSource: businessinsiderAug 3rd, 2017

Oil Price Outlook

The oil market is making steady and significant progress towards rebalancing, said the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) in a statement following its 4th me.....»»

Category: topSource: livetradingnewsJul 24th, 2017

Oil Rig Count Up by 393 From Year Ago; Crude Oil Price Inches Higher

The US onshore oil rig count dropped by one this week according to the weekly report from Baker Hughes. A sharp projected increase in OPEC production reported earlier this morning is keeping a lid on........»»

Category: blogSource: 247wallstJul 21st, 2017

US shale firms are teaming up with Wall Street to frustrate OPEC

David McNew / Stringer / Getty ImagesUS shale producers survived an oil price crash and confounded OPEC's efforts to drain a global glut by employing innovative drilling and produ.....»»

Category: topSource: businessinsiderJul 13th, 2017

Goldman Warns Oil Could Plunge Below $40 Absent OPEC "Shock And Awe"

Goldman has done it again: less than two weeks after the bank said "oil prices have likely hit bottom of the price range, and look attractive" when it slashed its WTI price target from $55 to $47.50 (and every other.....»»

Category: blogSource: zerohedgeJul 11th, 2017