Tag: OPEC

Has Natural Gas Overreacted to Seasonal Trends?

While most of the attention has been focused on oil prices over the last few weeks amid the OPEC fanfare, one area that has...

OPEC Credibility in Terminal Decline

OPEC Credibility in Terminal Decline Outside of regularly dropping daily tape bombs to move oil prices a few extra cents higher, the era of OPEC’s...

Massive Explosions Cripple Nigerian Oil Industry

Nigerian Crude Oil Production Halved by Militant Activity On Saturday, 28 May 2016, a series of explosions rocked Nigeria as a new militant group –...

Russian Output Freeze Red Herring for Oil Market

Oil is once more on the retreat following revelations that the output freeze accord initiated by Saudi Arabia and Russia was just a ruse...

Oil Prices Slide on Supply Overhang, Dollar Strength

Oil prices were under renewed pressure on Monday, with US-traded crude falling below $30 a barrel on lingering concerns over a worsening supply glut...

A fear surrounding the state of China’s economy pushes Oil to...

West Texas Intermediate crude oil broke below the $30 psychological support for the first time since winter 2003 due to oversupply in the market...

GBP/USD Touches 5-Year Lows on Weak Factory Data

GBP/USD plunged on Tuesday, falling to five-year lows on weak UK factory data and rising demand for the dollar in the wake of China’s...

Oil Prices Stabilize following Bigger than Expected US Drawdown

Oil prices turned higher on Wednesday after government data showed a bigger than expected drawdown in US crude inventories, easing concerns about an escalating...

Oil Prices Touch New 7-Year Lows, Further Downside Predicted

The rout in oil prices continued on Friday in belated response to additional buildup in US crude inventories, fueling concerns about a worsening global...

Oil Prices Hit 2009 Lows, Global Stocks Plunge

Oil prices plunged to new seven-year lows on Tuesday, dragging down global stocks in belated response to OPEC’s decision last week to keep crude...

ECB Stimulus Bets Lift Stocks, Weigh on Euro

European stocks were trading at three-month highs on Monday, while the euro weakened against the dollar as investors prepared for the European Central Bank (ECB)...

Oil Prices Steady amid Biggest Rally of 2015

The price of oil was steady on Tuesday amid its biggest rally of the year, as investors shifted their attention to first quarter earnings...

Crude Oil Pushes Higher as Demand Improves

The price of oil advanced for a second consecutive day on Tuesday, after Saudi Arabia increased pricing to Asia in a sign that demand...

Brent Crude Tumbles as Oversupply Remains In Focus

Oil prices declined on Thursday after an OPEC minister signalled that output would remain elevated, raising speculation the global oil glut would persist for a...

Crude Prices Slump, Supply Glut Back in Focus

The price of crude oil declined on Tuesday following several weeks of stability, a sign speculators were still concerned about rising global inventories after...