Archived News & Commentary

Oil prices are spiking toward 2½-year highs after OPEC extends output cuts

December 1, 2017|

●  Oil prices spike toward 2½-year highs.
●  The surge follows a decision on Thursday by two dozen oil-producing nations to limit their      output through the end of

There may be a ‘Game of Thrones’ in Saudi Arabia now and that has big implications for oil

November 16, 2017|

●  Prince Mohammad Bin Salman, known as “MBS,” is consolidating power to his family and its      allies before he takes the throne.

●  “The key question now is

A lightning fast rally in oil prices is reversing. Here’s why

November 15, 2017|

●  Crude oil futures are selling off after a downbeat forecast for demand growth and on fears of       rising U.S. output.
●  Analysts say the market was poised for

How Saudi Crown Prince Mohammed Bin Salman Purged Rivals

November 13, 2017|


The first hint that something was amiss came in a letter.

On Nov. 4, guests at Riyadh’s Ritz-Carlton were notified by the opulent hotel that: “Due to unforeseen booking

Morgan Stanley raises its oil price forecast, warns US shale may struggle to meet demand

November 7, 2017|


●  Morgan Stanley raised its price targets on oil by $7 to $9 per barrel.
●  The market will need more U.S. shale oil because OPEC and

Oil market trends are setting the foundation for higher crude prices, Schlumberger says

October 20, 2017|

Oil market trends are setting the foundation for higher crude prices,
Schlumberger says.

●  Positive oil market trends and declining crude stockpiles are “creating the required      foundation” for higher

Iraq made ‘declaration of war’ when its troops seized parts of oil-rich region, Kurdish forces say

October 15, 2017|

●  Iraq’s national army advance and take areas in and around the oil city of Kirkuk.
●  Oil prices jump on the news, with U.S. crude rising toward a

Russia rolls out the red carpet for Saudi king with billion-dollar deals on the table

October 5, 2017|

By Holly Ellyatt

King Salman of Saudi Arabia visits Russia

Russia is rolling out the red carpet for King

Two October surprises could boost oil prices above $50

August 22, 2017|

●  Oil prices will remain stuck around $50 a barrel unless the market gets an “October
surprise,” one analyst says.
●  Venezuela’s state oil giant is barreling toward a debt

The charts are pointing to a comeback for crude: Trader

July 26, 2017|

The crude comeback is far from over, according to Todd Gordon of

WTI crude oil jumped to a seven-week high on