opec meeting

All eyes were on Vienna last week as the OPEC nations and Russia met over two days for the semi-annual OPEC meeting. The main focus of the meeting was whether the OPEC nations and Russia could agree to reaching a deal to plug the void left by Iran. Iran was cut off from the Oil markets following the U.S. Trump administration pulling out of th...

2018-06-27 John Benjamin Read more

Fundamental Analysis & Overview OPEC, the cartel of petroleum exporting nations, are holding meetings today, the 22nd of June 2018. This meeting is held as usual in Vienna and it will most likely have a direct impact on the price of crude oil. The United Arab Emirates oil minister, who is also the President of OPEC, stated recently th...

2018-06-22 Richard Tataru Read more
opec meeting

The upcoming OPEC meeting this week has taken on a great deal of focus given recent developments. Last week Russian and Saudi Arabian leaders met alongside the opening game of the World Cup to discuss plans to increase oil production while maintaining the petro-alliance forged in 2016. The proposals are centred around forming an OPEC+ group that...

2018-06-22 James Harte Read more

While most of the world was concentrating on the football last night, with Saudi Arabia and Russia opening the 2018 world cup tournament, the two countries were also meeting for another important reason. Alongside the sports, President of Russia, Vladimir Putin, met with Saudi Arabian Crown Prince, Mohammad Bin Salman, for talks aimed at boostin...

2018-06-15 James Harte Read more

Crude oil prices showed no signs of losing momentum as price of the international Brent crude oil hit highs of $75 a barrel. The gains, which mark the highest high in nearly three and a half years, came about after mounting concerns that the U.S. administration could hit Iran with sanctions. Reports suggest that the U.S. administration will d...

2018-05-03 John Benjamin Read more
WTI Crude Oil Rises due to Bullish Saudi Price Target

Crude oil prices were in for a bumpy ride last week, as surprising comments from Saudi Arabia helped to keep the bullish momentum going. Oil prices were already surging strongly earlier in the week following tensions surrounding Syria and the attempted missile strikes against Riyadh. While the markets at large brushed aside the weekend airstr...

2018-04-24 John Benjamin Read more
Russian ruble tumbles on fresh US sanctions

The Russian ruble tumbles on fresh US sanctions. Meanwhile the Russian central bank chief and other officials tried to soothe investor nerves as the U.S. sanctions targeted some of the large companies in Russia. The ruble fell to 63 to the U.S. dollar losing about 4.5 percent on April 10 which marked the biggest decline since December 2016. T...

2018-04-19 John Benjamin Read more
trump colluded

Trump Becomes Target Once Again Donald Trump’s presidency has once again been thrown into controversy following the launch of an investigation by the Justice Department into Russia’s alleged interference in the US elections. While the indictment delivered last week indicated that America was not knowingly involved in any collusion with Russian ...

2018-03-23 James Harte Read more
Saudi Arabia's Deputy Crown Prince and Minister of Defense Mohammed bin Salman speaks with Secretary of Defense Ash Carter at the Pentagon June 16, 2016. The two leaders met to discuss matters of mutual importance. (DoD photo by Senior Master Sgt. Adrian Cadiz)(Released)

Saudi Crackdown Fuels Rally Oil markets were subject to fresh volatility on Tuesday in response to a political purge in Saudi Arabia which saw the government cracking down on several princes and ministers accused of corruption.  This move is seen as heightening geopolitical tensions in the region, leading to the rally in Oil. As Saudi Arabia is...

2017-12-12 James Harte Read more
OPEC_Crude oil

OPEC Output Falls by 80K barrels Per Day Oil prices continued to rise over the first part of the week fuelled by the latest data which shows that production among OPEC members fell over October. A survey compiled by Reuters shows that oil output among the OPEC bloc declined by 80k barrels per day over the last month mainly driven by a fall in e...

2018-01-25 James Harte Read more