Non-OPEC

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…
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After few weeks of gains due to the shortage in the US Crude Oil inventories, in addition to some OPEC meeting remarks, Crude Oil failed to stabilize and is nearing this year’s lows once again. Since the beginning of the year, the price…
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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…
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Brent and WTI Crude oil have recovered most of their recent losses, turning positive on the year once again. The main reason behind the recovery is the latest announcement by Saudi Arabia, saying that they will propose to extend the…
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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…
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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…
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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,…
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