Wednesday, 23 November 2016 () Happy Thanksgiving Eve! A fairly neutral EIA report - tilted a wee bit bullish for crude, bearish for the products - has been a welcome distraction, before a surgical focus has returned to every rumor and murmur out of OPEC delegates. So to distract from all of this, hark, here are six things to consider in oil markets today: 1) This splendid CNBC article is based on our ClipperData. Via a number of charts it highlights the ramp up we have seen in Saudi, Iraqi - and particularly - Iranian oil exports. The chart below highlights how Iranian…
Oil prices have fallen almost 4 percent on signs leading oil exporters in OPEC were struggling to agree on a deal to cut production to reduce global oversupply. As Laura Frykberg reports, Brent saw the biggest daily percentage decline since early September.
In opening deals, the FTSE 100 index was up 16.9 points, or 0.2 per cent at 6,788.9, having closed 27.47 points lower yesterday as oil prices dropped ahead of... thisismoney.co.uk - MarketsAlso reported by •Reuters
Two months ago, OPEC took the market by surprise by saying that it ‘agreed to agree’ on a deal to cut production to between 32.5 and 33.0 million bpd in a... OilPrice.com - MarketsAlso reported by •Autocar •BBC News
Although OPEC’s decision to take 1.2 million bpd off the market as of January is undoubtedly good news for the U.S. shale patch, companies would likely wait to... OilPrice.com - MarketsAlso reported by •BBC News
The drama surrounding the OPEC production freeze continued over Thanksgiving weekend, as the main players continue to position themselves in advance of... OilPrice.com - MarketsAlso reported by •BBC News