Next week’s OPEC-Russia meeting won’t free crude from its tight trading range.
TV pundits busy rehashing oversupply mantras are ignoring that range-bound oil is close to breaking free.
Kent’s oil price prediction of mid-$50s by the end of this year is holding firm. Two new signals are supporting the gradual uptrend.
Some of the most closely watched events at the upcoming International Energy Forum meeting in Algiers will be the “side-bar” conversations between OPEC members and other non-OPEC producers.
There are many ways to estimate where oil prices are going: reported inventory levels, imports and exports, production figures, and a myriad of ways to estimate demand.
Markets don’t expect an OPEC oil deal in September, but that doesn’t mean it’s completely off the table.
As OPEC divides itself into “haves” and “have-nots,” the cartel is opening the door for global chaos.
Every OPEC member feels the pain of cheap crude – but don’t expect an oil deal any time soon.
Media pundits completely missed why oil bottomed last week: Saudi Aramco cut its prices to the Asian market.
In the wake of Brexit and new climate change initiatives, the perspective in the European energy sector is shifting.