Opec

  • You need to think twice before betting on a rising oil price again…
  • WTI Crude oil hit a low of $22 a barrel in early 2016. It then rose for much of the year, ending the year at $53. But since the start of 2017, the oil price is down around 12% to $46.60. So, with the oil price at lows, should you look at investing in the oil sector again? Is demand growing fast enough or is supply still too high? *****************************   Get everyt... ››› more
  • [02 August 2017]
  • The New Oil Order explained for your trading!
  • The most traded commodity in the world is also the most disappointing commodity in the world. The oil industry has taken off to new heights. And by new heights I'm certainly NOT talking about revenue or prices. I'm talking about the ridiculous increase in oil production per day. Back in 1980, we had around 59 million barrels of oil produced per day. This year we have over 85 million barrels... ››› more
  • [09 November 2015]
  • Why the price of oil is under pressure yet again
  • This month, the price of Brent crude and West Texas Intermediate have been on a downwards slope. So why is the oil price under pressure again? Let's take a closer look at what's going on… An increase in US stockpiles hit the oil price Yesterday, the US government revealed that it had increased its “crude stockpiles,” says Fin24. This led to worries about a “global supply glu... ››› more
  • [23 July 2015]
  • The oil price comes under renewed pressure as OPEC reiterates it won't cut production
  • In June last year, the oil price started its descent. By January, the oil price had lost over 50% of its value. Since the middle of January, the price has picked up. But yet again it's been under pressure. And today, oil fell close to $55 a barrel. So what's going on with the price of oil? Let's take a closer look… Comments made by Saudi Arabia’s oil minister sends the oil p... ››› more
  • [23 March 2015]
  • As oil plunges to under $62 a barrel, OPEC reiterates it has no plans to cut production
  • Friday saw another 3% drop in the price of Brent crude oil. This takes the price down to a five-year low. Yesterday, the secretary general of OPEC (the Organisation of Oil Exporting Countries) said they have no plans to cut production to support the oil price. Let's take a closer look at what's going on… Friday saw 3% wiped off the oil price The oil price “fell 3% to plumb new f... ››› more
  • [15 December 2014]
  • This once in 40-year event could pop a $1.5 trillion debt bubble soon…
  • Since the mid-1970s, the Organization of the Petroleum Exporting Countries (OPEC) has controlled the price of oil... Cutting production when it got too low and opening up the floodgates when the price got too high. That's what the world expects OPEC to do. That's what OPEC has always done. But for once OPEC is defying all logic… OPEC's seemingly illogical move will send the oil price... ››› more
  • [28 November 2014]
  • Oil plunges to $72 a barrel as OPEC decides to keep producing at current levels
  • Yesterday, the Organisation of Petroleum Exporting Countries (OPEC) met in Vienna. On the agenda was how to respond to an ebbing oil price. If the organisation decided to cut production, it could help deal with the current oversupply, which is contributing towards a low oil price. But OPEC decided against a cut in production. The oil price fell hard on the news. Let's take a closer look ... ››› more
  • [28 November 2014]
  • What do traders do when al-Qaeda attacks?
  • Over the past week, Bloomberg reported that militants connected to al-Qaeda extremists have been attacking in Iraq again. The group already seized Mosul which forced a halt to repairs on the main oil pipeline from the Kirkuk oil fields to the Mediterranean. And now they're moving south. Now, no one wants to see violent attacks anywhere in the world. But as a trader you need to know how to re... ››› more
  • [13 June 2014]
  • Oil traders, put your focus on shale gas instead of tomorrow's OPEC meeting!
  • OPEC, the Organisation of Petroleum Exporting Countries, is set to meet in Vienna tomorrow to discuss oil policies. But world powers aren't concerned. They believe OPEC's lost its power as the US shale gas boom is keeping prices down. Here's why…   While OPEC meetings have been “unpredictable and quarrelsome in the past”, oil traders shouldn’t worry about tomorrow’s OPEC meeting,... ››› more
  • [30 May 2013]



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