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
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
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
Oil prices

Since the announcement of the OPEC deal in December, there are no doubts that Crude Oil prices have stabilized, including Brent Crude and WTI Crude. However, since the beginning of the year, the prices have been trading within a tight range and stuck below key technical levels. In today’s article, we will take a look at these levels, why the pr...

2017-01-12 Nour Eldeen Al-Hammoury Read more
Crude Oil

The big day for Crude Oil has finally arrived. OPEC members will hold a meeting in Vienna today to discuss the possibility to cut and/or freeze crude oil production as an attempt to stabilise the markets. However, there are many factors involved and there has been a lot of drama going on since the beginning of the year regarding this issue. Rega...

2016-11-30 Nour Eldeen Al-Hammoury Read more
Novak_Crude_Oil_2610

Alexander Novak, Russian Energy Minister Iraq Seek OPEC Exemption After making a first challenge of the key 51.70 resistance level, Crude Oil prices have since reversed to trade lower over the week. The initial downside was fuelled by reports that Iraq is seeking exemption from any OPEC Oil production cut. Iraq informed OPEC officials on T...

2016-10-26 James Harte Read more