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

North Korean missile test failed. Oil falls after

14 Apr 2017 LME/COMEX/NYMEX Closed for Good Friday LME/COMEX/NYMEX 17 Apr 2017 LME Closed for Easter Monday LME   Friday, as well as Monday are holidays for LME. Friday was holiday for all the stock exchanges, while LME is not open yet. Tomorrow is the first Post-holiday working day. Post Easter Holiday News   Monday. [...]

By | 2017-04-17T07:04:03+00:00 April 17th, 2017|Governments, 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