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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

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

Goldman Sachs Q3 Oil Price Target Plummets

Analysts at Goldman Sachs have slashed their average Q3 forecast price for a barrel of crude oil by more than 13% due to higher production and insufficient production cuts by OPEC and its partners......»»

Category: blogSource: 247wallstJun 29th, 2017

Commodities Corner: OPEC, have no fear: The U.S. oil-shale output crash is here

The energy industry is already suffering from the impact of spending cuts over the last several years, says Phil Flynn, senior market analyst at Price Futures Group. A crash in shale oil production has already begun......»»

Category: topSource: marketwatchJun 27th, 2017

Oil price extends drop to 7 month lows, despite OPEC cuts

Oil prices fell further to a new 7 month low on Wednesday, with the international benchmark for crude sliding below $46 a barrel......»»

Category: topSource: foxnewsJun 21st, 2017

Oil falls to 7-month low over OPEC cuts, set for worst H1 since 1997

This year, oil faced the largest price slide in first half of any year for past two decades.....»»

Category: topSource: business-standardJun 21st, 2017

Oil"s price fall stalls despite supply glut

LONDON (Reuters) - Oil prices steadied on Friday following steep falls earlier in the week, pressured by widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market......»»

Category: topSource: reutersJun 9th, 2017

Results Of OPEC Meeting Push Chevron"s Price Back Into The Buy Zone

Results Of OPEC Meeting Push Chevron"s Price Back Into The Buy Zone.....»»

Category: topSource: seekingalphaMay 31st, 2017

Goldman Sachs lowers oil price outlook on potential shale surge

Goldman Sachs has downgraded its estimations for oil prices for this year, citing a potential rise in shale gas production, new projects and OPEC restrictions......»»

Category: topSource: moneycentralMay 30th, 2017

Morgan Stanley Cut WTI Oil Price Forecast to $55

Major oil producers led by OPEC have greed to extend th.....»»

Category: topSource: marketpulseMay 29th, 2017

4 Big Winners from the OPEC Output-Cut Deal

Oil price decline after OPEC extension deal didn't fall in-line with expectations, but, turned out to be a blessing in disguise for refiners. OPEC and 11 non-.....»»

Category: topSource: zacksMay 26th, 2017

JPMorgan: As Market Yawns At OPEC Production Cuts, Watch Price of Oil Drop Further

As the price of oil dropped significantly Thursday, moving from a hi.....»»

Category: blogSource: valuewalkMay 26th, 2017

Wall Street Throws Up On OPEC: Barclays Sees "No Light At The End Of The Tunnel"; MS Cuts WTI Price Target

Oil bulls were .....»»

Category: blogSource: zerohedgeMay 26th, 2017