Tag: OPEC

A red wall of worry has built up across financial markets with investors increasingly nervous that economies are set to career into recession. The...

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

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

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

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

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

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)...

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

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

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...

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