West Texas drillers could weaken any OPEC agreement on extending the cuts

All the Oil producing countries which have a deal with OPEC, along with Russia, can extend their deals. But at the same time this will be a green light for United States oil producers. If the price oscillates following levels between $50 and $60, these are the great news for the U.S. oil drillers. They [...]

By | 2017-05-16T17:28:17+00:00 May 16th, 2017|Financial, International, Oil Market|0 Comments

The upcoming week: Crude Oil Futures

Short Recollection of last week   Beginning by observing the Oil futures; they settled on nearly plane levels on Friday. But still registered the first weekly gain in a month. Inspired by the news that key crude producers will extend output cuts to the period after June; Firstly, on Thursday, U.S. West Texas Intermediate crude [...]

By | 2017-05-14T18:01:07+00:00 May 14th, 2017|Financial, Governments, International, Oil Market|0 Comments

Oil Production; Summary of Main Oil News this week

Russian energy ministry and output cut talks The main official of Rosneft, Igor Sechin, said on Saturday that the Russian energy ministry had his backup in discussions over oil production cuts. "The most important thing is to have a mechanism to defend our interests.'' In previous months, Sechin has expressed some suspicions about the ability [...]

By | 2017-05-14T06:54:44+00:00 May 14th, 2017|Financial, Governments, International, Oil Market|0 Comments

Oil prices lower every day; OPEC’s effective and efficient decisions needed

Today, it was a day of 5-month lows in Oil prices. This happened because of bothers on OPEC glut, and whether it would be extended. Nevertheless promises from Saudi Arabia about Russia's preparation to join OPEC's future cuts.   Low Prices of Oil U.S. West Texas Intermediate crude oil futures  were more than 3 percent [...]

By | 2017-05-05T15:53:24+00:00 May 5th, 2017|Financial, Governments, International, Oil Market|0 Comments

Bar nickel inch higher; beside multi-week lows, and oil price collapse

SHFE   Marginally higher trade among base metals traded on the SHFE. Due to weaker dollar during Asian morning trade on Friday May 5. But there remained near multi-week lows following an overnight collapse in the oil price. Nickel bucked the uptrend, as expectations of increased supply continued to push prices lower. “European markets are [...]

By | 2017-05-05T07:02:42+00:00 May 5th, 2017|Financial, Governments, International, Oil Market|0 Comments

Oil immerses, on U.S. stock decline

Oil prices tumbled lower today, May 3. Right after the U.S. government data showed a smaller-than-expected decline in domestic crude inventories. There was also shown a weak demand for gasoline. And it is feeding bothers about a supply glut.   Oil Numbers & Data Benchmark Brent crude LCOc1 was down 8 cents at $50.38 a [...]

By | 2017-05-03T17:25:08+00:00 May 3rd, 2017|Uncategorized|0 Comments

Copper price falls below $5,700/t; all base metals down

Financial Markets on Wednesday:   Fed expected to stand pat on rates Jobs data and service sector activity to serve as prelude to Fed Apple sales disappoint, shares off 1.5% Oil bounces back from 1-month low Global stocks show caution ahead of Fed decision     LME on Wednesday: “Prices have dropped this morning but [...]

By | 2017-05-03T11:32:50+00:00 May 3rd, 2017|Financial, Governments, International, Oil Market|0 Comments

Oil market re-balance happening? OPEC planning next six-month extension of oil output CUTS ?

Chronology of decisions:   Firstly, On February 7, 2017, Iran’s oil minister announced that major oil producers should prolong the oil production cut deal in second half of 2017. The production cut would restrain oversupply in the oil market and support crude oil prices. Higher crude oil prices have a positive impact on oil and [...]

By | 2017-04-24T05:59:52+00:00 April 23rd, 2017|Financial, International, Oil Market|0 Comments

Oil Price Climbs amid US missile strike on Syria

WTI spiked as much as 2.4% after U.S. missile strike on Syria Gains eased as U.S. government data shows slower job gains Crude headed for its second weekly gain after briefly spiking in reaction to the first military strike undertaken by President Donald Trump’s administration. The most important market news of the day. US Strike affects [...]

By | 2017-04-07T19:11:15+00:00 April 7th, 2017|Oil Market|0 Comments