opec meeting

All eyes were on Vienna last week as the OPEC nations and Russia met over two days for the semi-annual OPEC meeting. The main focus of the meeting was whether the OPEC nations and Russia could agree to reaching a deal to plug the void left by Iran. Iran was cut off from the Oil markets following the U.S. Trump administration pulling out of th...

2018-06-27 John Benjamin Read more
opec meeting

The upcoming OPEC meeting this week has taken on a great deal of focus given recent developments. Last week Russian and Saudi Arabian leaders met alongside the opening game of the World Cup to discuss plans to increase oil production while maintaining the petro-alliance forged in 2016. The proposals are centred around forming an OPEC+ group that...

2018-06-22 James Harte Read more
Oil prices rise on US withdrawal from Iran

Crude oil prices rallied last week to hit a three and a half year high after the U.S. President Donald Trump announced that Washington was pulling out of the 2015 Iran nuclear deal on Tuesday. Speaking at a brief press conference, Trump said that the U.S. administration will also be imposing more strict economic sanctions on the country. It g...

2018-05-16 John Benjamin Read more
Fresh Sanctions on Iran

2015 Nuclear Deal Voided In line with broad market expectations, President Trump ripped up the Iran nuclear pact agreement this week. Announcing the US’s withdrawal from the 2015 nuclear deal agreed with Iran, Washington yesterday announced that it will restore sanctions on Iran which had been in place prior to the deal. In terms of its impa...

2018-05-09 James Harte Read more

Crude oil prices showed no signs of losing momentum as price of the international Brent crude oil hit highs of $75 a barrel. The gains, which mark the highest high in nearly three and a half years, came about after mounting concerns that the U.S. administration could hit Iran with sanctions. Reports suggest that the U.S. administration will d...

2018-05-03 John Benjamin Read more
OPEC agrees to production cut

Last week, Crude Oil tumbled despite the huge decline in the US Crude Oil Inventories, which posted the biggest weekly decline since September of last year. Crude Oil prices ignored these figures and continued to decline further. Brent touched $50, and WTI slid to 46.50’s. Some OPEC reports came out, and that led to a notable rally. Brent close...

2017-08-23 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
Qatar_Crude Oil_0607

In the past two weeks, tensions were rising significantly between Qatar and some Arab countries, mostly GCC countries. The Arab countries including Saudi Arabia, UAE, Bahrain, and Egypt issued an ultimatum to Qatar, giving 10 days to react to these demands. Otherwise, threatened Saudi Arabia,  things will escalate further. Qatar did not respon...

2017-07-26 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
Crude oil_OPEC_2206

Crude Oil prices continued to decline further despite the fact that OPEC and Non-OPEC members have been active in the media, trying to increase the hopes of stabilizing the market. However, things have just got even more interesting. Crude Oil Enters Bear Market Both West Texas Crude and Brent Crude have entered a bear market status, despit...

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