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
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
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 Oil

For the past four weeks including this week’s trading so far, Crude Oil has been trading within a range of $5, whether in Brent or WTI with no clear direction. Brent Crude was in the range between $45 and $50, while West Texas Crude managed to trade between $47 and $42, despite the fact that there were many catalysts affecting Oil demand and in...

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
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
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