OPEC

Featured Story

How Russia and Saudi Arabia Are Deciding Your Oil Prices Today

By A.J. Bursick, Associate Editor, Money Morning - November 29, 2017

Russia and Saudi Arabia want differing outcomes from tomorrow’s big OPEC meeting.

The Saudis want production cuts extended through 2018, while Moscow wants flexibility.

Here’s how their decision will affect your wallet in the weeks and months ahead...

Article Index

How Russia and Saudi Arabia Are Deciding Your Oil Prices Today

By A.J. Bursick, Associate Editor, Money Morning - November 29, 2017

Russia and Saudi Arabia want differing outcomes from tomorrow’s big OPEC meeting.

The Saudis want production cuts extended through 2018, while Moscow wants flexibility.

Here’s how their decision will affect your wallet in the weeks and months ahead...

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

By Dustin Parrett, Associate Editor, Money Morning - November 17, 2017

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...

OPEC Has Survived Crises Far Worse Than the Qatar Debacle

By Money Morning Staff Reports, Money Morning - June 6, 2017

There are countless headlines touting news that the OPEC production deal is now in peril.

But in the wake of the Qatar crisis, we'd like to remind you: The battle-hardened oil cartel can't be brought down by such a minute squabble.

After all, OPEC members have survived bloody wars... with each other...

The Real Goal Behind Next Week's OPEC-Russia Meeting

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - September 22, 2016

Next week's OPEC-Russia meeting won't free crude from its tight trading range.

Here's what the meeting's really about - and when OPEC will finally change its strategy...

The OPEC Oil Deal Is Coming… but Not When the Pundits Expect It

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - August 26, 2016

Markets don't expect an OPEC oil deal in September, but that doesn't mean it's completely off the table.

Here's why a deal is coming - just not when the pundits expect it...

OPEC Is Now in the "Danger Zone" – Just as Arab Spring II Is Coming…

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - August 24, 2016

As OPEC divides itself into "haves" and "have-nots," the cartel is opening the door for global chaos.

These countries will be the first to fall...

The Simple Reason Why OPEC Won't Strike a Deal on Oil

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - August 15, 2016

Every OPEC member feels the pain of cheap crude - but don't expect an oil deal any time soon.

There's one simple reason why a production cut won't happen...

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

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - March 21, 2016

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 Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - March 17, 2016

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 Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - February 17, 2016

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...

How a Surprising Alliance Could Shake Up the Oil Sector

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - December 10, 2015

Events in Abu Dhabi Friday point to OPEC having a brand-new ally in the oil sector - one no one would expect...

This unexpected partnership could have a massive impact on oil production moving into 2016.

Here's what you need to know about this potential new alliance...

What the OPEC Meeting 2015 Means for Prices Now

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - December 4, 2015

OPEC Meeting 2015: Oil officials from all 12 OPEC countries met at the Vienna headquarters today.

As expected, the meeting concluded in bitterness among members.

But here's why the meeting's outcome won't have a long-term effect on oil prices in 2016...

Why the OPEC Meeting Matters

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - December 3, 2015

With the 168th OPEC meeting on Friday, many people are wondering why the OPEC meeting matters.

After all, the last summit saw no major outcomes as the cartel decided to keep production unchanged.

But there are two reasons why this meeting could have a big impact on the 2016 oil market...

Saudi Arabia May Have Just Shot Itself in the Foot

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - November 5, 2015

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...