Silver as an investment

Category Archives: OPEC

Why The Crude Rally Has Fizzled – Part 2

zerohedge.com / by James Bambino via Platts blog / Apr 24, 2017 9:46 AM This is the second of a three-part look at why oil prices have failed to rally despite OPEC’s best efforts at managing supply cuts. Read part 1 here. So, why is everyone so bullish? Many oil analysts take as a fait accompli that OPEC-led […]

Why The Relationship Between OPEC And Hedge Funds Is On The Verge Of Falling Apart

Following years of acrimony between OPEC and the hedge fund community, which the cartel dismissed simply as “speculators”, things suddenly changed in 2016 when the two groups got so close, there were outright reports of collusion between the two on various occasions. We documented this last month in “Why OPEC Is Colluding With Hedge Funds.” […]

European Stocks, Futures Rebound As Stronger Dollar Eases Haven Demand

European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday’s weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was “absolutely not” trying to talk down the dollar. European equities […]

Who Holds The Power In Today’s Oil Market?

Authored by Osama Rizvi via OilPrice.com, Amidst the din of analysts speculating about whether oil prices will rise or fall, observers may well be overlooking some pressing questions about the very nature of the global oil market. The most significant of these questions relates to whether Saudi Arabia is losing its grip on the global […]

US Oil Rig Count Surges To 2-Year High – Will Shake Kill The Oil Rally Again?

For the 14th straight week, US oil rig counts rose (by 11 to 683). This is the highest since April 2015… and leads US crude production to its highest level since Aug 2015.   The question is, as OilPrice.com's Nick Cunningham asks, will Shale kill off the recent oil price rally again? WTI has rallied […]

Traders “Swoop” On Stocks, Oil Rises For 8th Day But Bonds Still Don’t Buy It

S&P futures are unchanged and Asian stocks closed mixed, however European stocks rebounded for first time this week, led by auto stocks after Daimler’s quarterly profit, as a break in alarming political news prompted traders to “swoop” – as Reuters puts it – on equities, cooling a safe-haven rally that saw the yen and gold […]

Venezuela Is The Wild Card In The OPEC Deal Extension

zerohedge.com / by Jacob Urban via OilPrice.com / Apr 11, 2017 1:20 PM News coming out of Venezuela over the past two years has reeked of corruption and failed political leadership: a long list of shortages, rampant poverty, incrimination of the opposition, and a recent move that puts the regime of Nicolas Maduro one step closer to a […]

OPEC’s No.2 Goes Rogue: Plans 600,000 Bpd Oil Output Increase

Authored by Irina Slav via OilPrice.com, Iraq has plans to boost its crude oil production by 600,000 bpd to 5 million bpd by the end of this year, regardless of its participation in OPEC’s production cut deal. Iraq is the cartel’s second-biggest exporter of crude and has been the most disinclined of all parties to […]

Brazil Reports 14.6% Jump In February Oil Output, Exports Almost Double

Authored by Zainab Calcuttawala via OilPrice.com, Brazilian oil output in February was 14.6 percent higher year-over-year, according to the latest data released by ANP, the South American country’s petroleum regulator. February production touched 2.676 million barrels per day, an ANP statement said, adding that natural gas output also rose 9.2 percent compared to the same […]

The Best And Worst Performing Assets Of The First Quarter

Welcome to a new financial quarter. As part of the usual review of last month and Q1 asset performance, it is worth nothing one surprising element of Q1 we showed over the weekend, namely that the VIX index had its lowest average quarter since Q4 2006. According to Jim Reid, who is perplex by this […]