China Just Took a Giant Step in Its Takeover of Global Oil Markets

The energy news headlines these days are all about the failure of the Doha summit and the upcoming June OPEC meeting in the face of a historic, intractable global supply glut.

But there's a takeover underway that's flying totally beneath the radar…

In fact, the early stages are already complete – it started right in the United States' geopolitical "backyard," in the OPEC member-state of Ecuador.

The power player moving in is of course none other than China. But it's certainly not going to limit itself to Ecuador.

Here's what you need to know about this development...


WTI Crude Oil Prices Will Stabilize Thanks to These 5 Crises

WTI crude oil prices just touched their highest level in nearly five months.

And Money Morning Global Energy Strategist Dr. Kent Moors says prices will stabilize at current levels.

That's because there are five crises brewing that will keep prices in check throughout 2016...


Saudi Arabia Unveils Economic Plan That's NOT Dependent on Oil

Saudi Arabia's Deputy Crown Prince revealed a bold reform plan for the world's wealthiest nation today.

Included in his proposal is the creation of a massive sovereign wealth fund, among other audacious changes.

Here's a look at the Saudi royal's exclusive plan that promotes independence from oil...

oil prices

The Five Geopolitical Crises Moving Oil Prices Now

WTI crude oil prices have hit the $42 to $45 target Dr. Kent Moors set for mid-June.

Now he sees five geopolitical crises emerging, and each one will have a tremendous impact on energy moving forward.

This first one, for example, could give crude an immediate jolt...


Why Crude Oil Prices Haven't Crashed Despite Saudi Arabia's Efforts

Fallout from the failed Doha meeting was essentially a non-event. In fact, crude oil prices have rallied this week.

There's one very simple reason why - and it has nothing to do with an oil production freeze...


Saudi Arabia Threatens to Crash U.S. Markets

President Obama's trip to the Saudi capital of Riyadh this week comes at an awkward time.

That's because Saudi Arabia sent a warning to the U.S. as Congress tries to pass a bill that would hold the Saudi government responsible for the Sept. 11 attacks.

And this threat targets the heart of the U.S. economy...


Why the Crude Oil Price Is Surging from the Kuwait Oil Strike

Both crude oil price benchmarks are on the rise again today (Tuesday, April 19).

But today's gains have nothing to do with the Doha meeting.

Here's why oil prices are up today...


Crude Oil Prices Today Crash After Failed Doha Meeting

Crude oil prices today plunged below $39 after everything the oil market feared would happen… happened.

Both WTI and Brent crude oil prices fell to their lowest level in seven sessions.

And it's all thanks to the failure of the biggest oil meeting in decades...


What's Next for Crude Oil Prices After Today's Doha Meeting

The future of crude oil prices hinges on the most important oil meeting in decades today.

Anticipation for the meeting has sent oil prices on a 35% rally ever since it was announced back in February.

But investors are anxious to know how crude oil prices will perform after the meeting...


The WTI Crude Oil Price Crash Made This Unknown Firm Over $1 Billion

Despite the 23% rebound over the last two months, the WTI crude oil price is still down over 60% since June 2014.

This plunge has caused U.S. oil companies to suffer record losses.

But there's one company that's profited $1.6 billion from the price crash...