Crude Oil

After last week’s failure to break higher in Brent and WTI, which showed a clear bearish signal on the weekly chart, both crudes declined sharply at the beginning of this week. Brent declined all the way to $50 while WTI Crude managed to touch 47 during yesterday’s trading. However, both Brent and Crude recovered some of their last week’s decli...

2017-08-16 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
OPEC_Crude Oil

Crude Oil managed to recover from June’s lows all the way to today’s high, supported by some OPEC and Non-OPEC members remarks, in addition to some inventories data. Despite all the talk about the production cut deal, there is something not right here, and it looks like there is someone is cheating, whether from OPEC or Non-OPEC members. OPEC ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
crude_Orbex_OPEC

It's been almost a month since the OPEC members met and decided to extend December’s deal for another 9 months until March of next year. Since then until now, Crude Oil prices did not even rise above the price at which OPEC has announced that extension. In fact, Crude Oil prices are now below the low of the year, posting the lowest level since ...

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
Oil_ Gas station

We are back to square one. The same scenario and pattern are repeating over and over. Crude Oil prices are going nowhere anytime soon. As we noted in our previous reports, especially the one last week, after the prices went green on the year again, some of the OPEC members noted that it's too early to talk about extending December’s deal. This...

2017-04-19 Nour Eldeen Al-Hammoury Read more
OPEC_Crude Oil

In the past few days, OPEC decided to push more remarks and statements to the market, sending a clear message that the time has come to discuss a possible extension of December’s deal. OPEC noted that there is a high possibility to discuss such decision in OPEC’s next meeting in June, in order to grant stable prices in the near future. Does ...

2017-03-29 Nour Eldeen Al-Hammoury Read more
OPEC_Crude Oil

OPEC headquarters Since the beginning of this week, Crude Oil prices has been declining gradually, reaching critical technical levels. This is despite the fact that OPEC sent out few remarks to the media, speculating a possibility to extend the production cut deal, which expires in June of this year. However, these remarks were not enough, Cr...

2017-03-22 Nour Eldeen Al-Hammoury Read more
Crude Oil_1703

Crude Oil prices tumbled last week on many factors, which put Oil prices at risk of further declines ahead, as there is no new catalyst to support the uptrend anymore. Technical Factors Looking at the chart of Brent and WTI Crude Oil, we can see that it managed to trade within a tight range since the beginning of this year, well below key r...

2017-03-17 Nour Eldeen Al-Hammoury Read more