The Week Ahead: Crude Oil futures

Short recollection: This Friday, oil futures leveled higher. Recovering from the previous 5% drop which was the consequence of higher market expectations related to OPEC. Currently, traders are trying to refresh their attitude about Oil market and OPEC's further steps. The U.S. West Texas Intermediate crude July contract came on 90 cents. In percentage, that would be [...]

By | 2017-05-28T16:05:38+00:00 May 28th, 2017|Oil Market|0 Comments

Will OPEC make it to co-exist with U.S. shale oil ?

At the beginning , they ignored each other. After a while, they went into a bruising fight. Now, finally, they are talking, although with opposing agendas. The evolution of the relationship between OPEC and the United States oil industry now lasts for about 5 years. 5 years ago, OPEC discovered it has a rival emerging [...]

By | 2017-05-28T11:04:21+00:00 May 28th, 2017|Financial, Governments, International, Oil Market|28 Comments

Short Overview of main Weekly deals & economic events

United States Nasdaq and S&P 500 overcame the last week's losses. They were at the record levels on Friday's closing, observing the period of two weeks. Strongly supported by the surge in tech stocks, as well as the political unrest which is taking place in U.S. these days.   OPEC & Oil OPEC and non-OPEC countries [...]

By | 2017-05-28T06:41:49+00:00 May 28th, 2017|Financial, Governments, International, Oil Market|0 Comments

China’s Crude Oil Imports (Current & Forecasts)

Top 5 things in Today's Market: Upward revision in U.S. growth expected, eyes on durable goods Pound under pressure on election jitters Oil recovers slightly after brutal OPEC induced sell off Japanese CPI increases for 4th straight month; China eyes yuan fixing Global stocks mixed ahead of U.S. holiday weekend For further info on these [...]

By | 2017-05-26T12:00:40+00:00 May 26th, 2017|Oil Market|0 Comments

Oil price drops; Base Metals down

Main economic events in Market Today: U.S. Core Durable Goods Orders (MoM)(Apr) fell to actual -0.2% while forecast was 0.4% U.S. Gross Domestic Product (GDP) QoQ fell to actual 0.7% while forecast was 1.2% U.S. GDP Price Index QoQ rose to actual 2.2% while forecast was 2.0% U.S. Michigan Consumer Expectations came to actual 88.1 [...]

By | 2017-05-26T07:18:45+00:00 May 26th, 2017|International, Oil Market|0 Comments

Output Cuts prolonged; Oil price falls

OPEC made a decision today. It agreed to extend oil output cuts untill March 2018. OPEC's cuts have led the oil prices back over $50 a barrel. Giving a fiscal stimulus to producers. To those countries who rely on energy revenues. And who have had to burn through foreign-currency reserves to cap holes in their [...]

By | 2017-05-25T16:31:55+00:00 May 25th, 2017|Oil Market|0 Comments

Final foresight before OPEC’s official meeting on May 25th

OPEC and its non-OPEC allies oil producers, today in Vienna went closer to agreeing on prolonged output cuts. The OPEC will tomorrow definitely decide on whether to prolong the accord reached in December. Market participants expect an extension by nine months. Supported by the scenario in which OPEC's main member Saudi Arabia and top non-member [...]

By | 2017-05-24T17:31:41+00:00 May 24th, 2017|Oil Market|0 Comments

Oil prices rise, as OPEC’s decision is getting closer

Tuesday's Oil prices were a bit volatile, but now Oil rose again on expectations of OPEC's output cuts extension. As Thursday is nearing, the OPEC meeting is giving a support to global oil prices. There were some losses earlier today in the session. After White House said it would sell off half of the country's [...]

By | 2017-05-23T17:01:37+00:00 May 23rd, 2017|Oil Market|0 Comments

OPEC, hedge funds and the Sistine Chapel

The most important Events in the Market Today: Oil is extending rally as investors wait for OPEC meeting on Thursday Global stocks mostly higher as markets recover poise Dollar creeps up off 6-month lows British pound slides as U.K. threatens to quit Brexit talks Bitcoin tops $2,100 for the first time! For further info on [...]

By | 2017-05-22T11:14:36+00:00 May 22nd, 2017|Oil Market|0 Comments

Next Week Forecasts

Important weekly events (Short Recollection) Friday was a day when Oil futures came to a four week's high. The prices scored a weekly rise of more than 5%. And most noteworthy the optimism on upcoming production cuts rose the positive expectations and market movement. The cuts will be extended to next 9 months. Starting from [...]

By | 2017-05-21T15:40:13+00:00 May 21st, 2017|Financial, International, Oil Market|0 Comments