VIENNA, AUSTRIA, DECEMBER 19, 2015: view of the main lobby of the OFID - OPEC fund for international development

The main question everyone asks nowadays is why are crude oil prices falling? Many traders are asking the same question over and over again, and so far, there is no logical answer for such question. If you are reading this article and you are asking it too, you might get the right answer, even if you can't agree with it. Despite the fact that ...

2017-08-30 Nour Eldeen Al-Hammoury Read more
Crude Oil_WTI_0106

Once again Crude Oil Prices showed further signs of weakness, despite all of the measures that have been taken by the Oil producers, whether OPEC or Non-OPEC members. Every day we are receiving new statements by many of the producers saying that Crude Oil stabilization is the goal and that the commitment ratio for the output cut is more than 10...

2017-08-11 Nour Eldeen Al-Hammoury Read more
Crude Oil prices_2806

After more than three weeks of consecutive declines in Crude Oil prices, including Brent and West Texas Crude, it looks like that the time has come for a short-term retracement. Both Crudes, Brent & WTI has been rising off its lows for five days, including today’s trading. However, such move is USD driven and is not connected with strong oi...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Qatar_Crude Oil_0606

During the early morning hours of Monday, the first trading day of the week, the Middle East woke up to a bunch of breaking news, leading Crude Oil prices to rise by 1%. On Monday, many Arab countries decided to cut their ties with Qatar on claims that Qatar is supporting international terrorism. The decisions were tough, as many countries brok...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude Oil

If you were following and reading our previous article, you should not be surprised about why Crude Oil prices lost more than 2% last week. Despite the fact that OPEC has agreed to extend the output cut for more than six months, Oil failed to rally. OPEC even agreed to extend the deal for nine months until March of next year. Yet, Oil failed to...

2017-07-26 Nour Eldeen Al-Hammoury Read more
OPEC_Crude Oil

Yesterday, Crude Oil prices advanced and closed the day higher, posting the highest level since the beginning of this month. The rally, of course, is supported by a lot of remarks by many of oil producers (OPEC and Non-OPEC) regarding the highly possible deal, which should be announced later today. According to the latest news, there is a poss...

2017-07-26 Nour Eldeen Al-Hammoury Read more
OPEC_Oil cut_1705

Abdalla Salem El-Badri, Secretary General of OPEC Once again, OPEC and Non-OPEC producers have succeeded in stopping Crude Oil prices from cracking lower. A few days ago, when both Brent and WTI Crude Oil were trading at the lowest level of this year, Russia and Saudi Arabia announced that they are leaning toward extending the current deal for...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude Oil_OPEC_1105

If you have been reading our reports throughout the past four weeks, especially the ones about Crude Oil, you should not be surprised about the recent rally in both Brent and WTI Crude. We warned many times that OPEC and Non-OPEC members would not allow the prices to dip lower significantly: Oil producers will do whatever it takes to keep the p...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude Oil_OPEC_0405

After few weeks of gains due to the shortage in the US Crude Oil inventories, in addition to some OPEC meeting remarks, Crude Oil failed to stabilize and is nearing this year’s lows once again. Since the beginning of the year, the price has been under pressure as there were not enough fundamentals to support the prices higher. Moreover, the ma...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude Oil

Brent and WTI Crude oil have recovered most of their recent losses, turning positive on the year once again. The main reason behind the recovery is the latest announcement by Saudi Arabia, saying that they will propose to extend the production cut deal at the next OPEC meeting. This time, both Crudes managed to react positively to these remark...

2017-04-13 Nour Eldeen Al-Hammoury Read more