OPEC

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…
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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.…
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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…
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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…
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If you look at Crude Oil charts, including Brent and WTI whether on the daily or the hourly chart, you can definitely see that nothing has improved. It’s actually getting worse. Since the decision of OPEC last week to extend December’s…
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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…
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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…
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Despite the recent developments in Europe, especially in the UK, Manchester attack, and raising the level of security in the UK, markets have been trading with low volume. Moreover, the European session today was quiet amid a lack of…
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The week ahead is likely to turn busy with the focus shifting back to the economic and monetary policies. Coming up this week, the key events include the OPEC meeting in Vienna, where the question is whether OPEC members will extend…
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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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