crudeoilopec

The much anticipated two day OPEC meeting concluded last week. As widely expected, OPEC and its allies (outside the OPEC group) decided to maintain oil production cuts to the end of 2018. A day after the talks in Vienna on Thursday, the decision came showing the consensus agreement between the OPEC members, especially between Saudi Arabia and...

2018-01-25 John Benjamin Read more
Crude Oil

Crude oil futures contracts for October delivery closed  at $44.85 a barrel yesterday, losing over 3.30% on the day as the US Energy and Information Administration (EIA) data showed a second consecutive week of build-up in US crude oil inventories. After inventories increased by 2.5 million barrels two weeks ago, the week ending August 26 saw a...

2016-09-01 John Benjamin Read more