
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.
By A.J. Bursick, Associate Editor, Money Morning -
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...
By A.J. Bursick, Associate Editor, Money Morning -
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...
By Dustin Parrett, Associate Editor, Money Morning -
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.
By Money Morning Staff Reports, Money Morning -
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...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
Here's what the meeting's really about - and when OPEC will finally change its strategy...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
There's one simple reason why a production cut won't happen...
By Money Morning Staff Reports, Money Morning -
The new Saudi oil minister, Khalid Al-Falih, was unsuccessful in convincing Iran to stop its excessive oil production.
OPEC met today in Vienna, but was unable to reach an agreement. Because of the excessive oil production, prices could be on the verge of plummeting.
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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.
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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.
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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.