OPEC

Image via World Economic Forum / Flickr; Abdalla Salem El-Badri, Secretary-General, Organization of the Petroleum Exporting Countries (OPEC) The pace of the economic data picks up steam today with a busy economic calendar. But ahead of…
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Image via Tribes of the World / (L-R) Bahraini Minister of Finance and Minister in Charge of Oil and Gas Affairs Sheikh Ahmed Bin Mohammed al-Khalifa, Kuwaiti Minister of Oil Hani Abdulaziz Hussein and Saudi Arabian Oil Minister Ali…
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Oil rallies ahead of the weekend OPEC/non-OPEC meeting in Doha to agree on the oil production freeze Summary: Oil’s strong rally clearly shows the Doha talks being priced in, with expectations that the deal will come through,…
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Last Friday the Crude Oil prices rose nearly 7%, and it reached two weeks highs based on the statement from top Kuwait officials that announced the OPEC-Non-OPEC (Organization of the Petroleum Exporting Countries) production freeze could be…
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US Weekly Crude Oil Inventories post a surprise drawdown as inventories fell 4.90 million in the week ending April 1st, 2016 Summary: Crude Oil extends strong gains on a surprise inventory drawdown April 17th marks the meeting…
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US Crude Oil inventories rise at a slower pace of 2.29 million barrels for the week ending March 25th, 2016 Summary: After rallying to a 4-month high, WTI Crude Oil prices retreat steadily Saudi Arabia – Kuwait talk on re-opening…
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US Inventories continue to build up, but demand for gasoline see’s a big jump. WTI Crude Oil prices fell -3.6% yesterday after posting a solid five consecutive weeks of gains which saw prices trade near a 15-week high at $42 a barrel.…
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Crude Oil prices rallied yesterday as US commercial stockpiles show a slower pace of inventory build up The weekly Crude Oil inventories report released by the U.S. Energy Information Administration yesterday showed that U.S. commercial…
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Image via harry_nl / Flickr Shrugging off inventory buildup and led by a weaker US Dollar and a broad commodity rally, Crude oil prices are back trading near January 2016 highs with potential for further upside in store Following up from…
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Despite some initial setbacks, Crude Oil prices closed higher yesterday as the US weekly inventory shows an increase of over 10 million barrels. WTI Crude Oil prices ignored the massive inventory build-up yesterday as prices turned…
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