OPEC

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Everything You Need to Know (and Ignore) About the November OPEC Meeting

By , Associate Editor, Money Morning -

November OPEC meeting

The last November OPEC meeting sent oil prices rocketing 20% higher in less than a month, and now this year's Nov. 30 meeting is shaping up to be just as important...

The agreement is set to expire in March 2018, just as oil prices are rising again.

Here's what the November OPEC meeting means for oil prices in 2018, including what's really going to drive oil prices higher in 2018...

Here's What Has London's Wealthiest Oil Kingpins So Fired Up

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

oil prices

The City of London is hands-down the most important energy financing command center on Earth. More money for oil and gas projects is raised within a three-mile radius of Liverpool Street station than anywhere else in the world.

Naturally, this part of town is packed to the rafters with some of energy's most influential and important "money men" and women.

When I was at the Palace of Westminster for a closed-door energy briefing at the House of Lords, these financiers were absolutely electrified by one recent development.

It won't be long before these players are going to make a lot of money on this, and we'll have our chance, too...

A Single Country Now Controls the Future of Oil Prices

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

oil prices

After a hefty rise of 46.9% for the month through close last Friday, WTI crude fell for two consecutive sessions to start the week.

As always, pundits with no real experience in the industry will blame the "glut" - but excess supply on its own is not responsible for today's oil conundrum.

Instead, the key factor in how people regard the market and anticipate oil prices today is guaranteed excess supply.

And the actions of a single country will now decide whether that guarantee will remain...

The Truth About the Big Oil Production Freeze

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

oil prices

With word swirling about Russia and Saudi Arabia agreeing to freeze oil production, the talking heads are up in arms about whether it will make any difference or not.

On the table is an accord to keep production at January levels, with most of OPEC probably following Saudi Arabia's lead.

In the short term, getting Iran on board is key. Today, meetings took place with Russia, Saudi Arabia, Qatar, and Venezuela on one side of the table, and Iran on the other.

The official goal was to get Iran on board with the production freeze. But my contacts are telling me a different story...

Saudi Arabia May Have Just Shot Itself in the Foot

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

saudi arabia

Another Saudi official is trying to downplay the kingdom's expanding deficit - as their problems get worse...

On Saturday, Foreign Minister Adel al-Jubeir maintained that the current situation was manageable. He was speaking at a conference in Manama, the capital of neighboring Bahrain.

The situation, of course, has been sparked by two Saudi-led decisions within OPEC. The first was to defend global market share by keeping production high (a move made last year while Americans were sitting down to their Thanksgiving turkeys). That started a downward slide in global oil prices.

Today, I'll show you why the wealthiest OPEC nation's situation has gotten worse - and look at the two recent developments that could accelerate the problem...