Silver as an investment

Category Archives: OPEC

Here’s Why Gas Prices Are Skyrocketing Right Now

This report was originally published by M.K. Matthews on The Organic Prepper Global economy and geopolitics are underpinning the oil price surge and gas prices are going up. Who recalls the oil embargo of 1973? That was when the Arab-dominated Organization of Petroleum Exporting Countries (OPEC) announced they were cutting oil exports to the United States and […]

The Socialist Crisis In Venezuela Is About To KILL The Oil Market

A new report is warning that the socialist engineered economic crisis in Venezuela will completely kill the global oil market. Plunging oil production in Venezuela is causing a national economic and humanitarian crisis that could tip the global oil market “decisively into deficit,” according to the report. Published Thursday, the report laid out concerns that Venezuela’s socialist […]

The Biggest Factors In Future Oil Production

Authored by Ron Patterson via OilPrice.com, This assessment is based on the data in the 2017 BP Statistical Review of World Energy available here. As such it uses that review’s definition of oil which is crude and condensate and natural gas liquids, uncompensated for their different energy contents or values of refined product components. Figure 1: […]

What Will Drive The Next Oil Price Crash?

Authored by Tsvetana Paraskova via OilPrice.com, As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U.S. shale production will likely cap any significant price gains. On the demand side, expectations are that global economic growth will support […]

The 5 Oil Factors To Watch In 2018

Authored by Nick Cunningham via OilPrice.com, Oil prices are set to close out the year somewhere around 15 percent up, and the oil market looks more stable than it has in years. But what does 2018 have in store? Most analysts believe more of the same – inventory declines, some shale growth, a gradual increase […]

Is The Oil Glut Set To Return?

Authored by Nick Cunningham via OilPrice.com, For the second month in a row, the IEA has poured cold water onto the oil market, publishing an analysis that suggests 2018 could hold some bearish surprises for crude. The IEA’s December Oil Market Report dramatically revises up the expected growth of U.S. shale, which goes a long […]

Silk Road Fever Grips The Russian Far East And Boosts Economy

Authored by Pepe Escobar via The Asia Times, China's Belt and Road Initiative heralds a new era with mega infrastructure projects dotting the landscape… If  you are looking for the latest breakthroughs in trans-Eurasian geoeconomics, you should keep an eye on the East – the Russian Far East. One interesting project is the new state-of-the-art $1.5 […]

The One Indicator OPEC Must Watch

Authored by Nick Cunningham via OilPrice.com, “We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended months of speculation last week when it decided to extend its production cuts through the end of 2018, easing […]

Turmoil…

GDP surged above expectations, Matt Lauer fired, Crude carnage, Semis slaughtered, Momo massacred, Nasdaq knackered, Precious metals pummeled, Bond bloodbath, and Bitcoin bounced and trounced… But everyone loves Trannies!   Spot the odd one out… (biggest divergence between Transports and Nasdaq since Nov 2009) – Dow and Small Caps closed at record highs…   Futures […]

WTI Sinks After Surprise Crude Build

Despite UAE oil minister jawboning, WTI/RBOB was sold today heading into the API data and extended losses after crude showed a surprise build (+1.82mm vs -2.95mm exp). Cushing saw a massive destocking and RBOB was steady after gasoline showed a surprise draw.   API Crude +1.82mm (-2.95mm exp) Cushing -3.178mm – most since Sept 2009 […]