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Cohesion among the group is in the spotlight as OPEC canceled its customary press conference yesterday following an acrimonious meeting in Vienna that ran late into the evening. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShar...

Original post By Stuart Burns Conventional wisdom has suggested we are headed for a significant oil surplus next year, with some commentators talking about a glut. Even respected industry publications like OilPrice.com headlined "IEA Warns Of A Looming Oil Glut Ahead Of OPEC Meet...

Nigeria seems fully committed to the implementation of its quota as agreed with OPEC+. According to the country's minister for state of petroleum, Nigeria's compliance has improved since August. Production of crude stood close to 1.8 million b/d in October, much lower than the 1.96 million b/d...

Reports out of Vienna suggest OPEC and its allies led by Russia are discussing increasing current cuts of 1.2M barrels per day by more than 400K bpd, as well as extending their agreement from March, to June or later. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil...

Introduction In a recent article, we discussed the possibility that Saudi Arabia-KSA, the defacto leader of OPEC, might just be tired of " doing most of the heavy lifting " when it comes to production cuts. Particularly, when other members are flouting their obligations and overproducing. It...

This is a guest post by Ovi. All of the oil production data for the states comes from the EIAʼs Petroleum Supply Monthly . The charts below are updated to September 2019 for the largest US oil-producing states (>100 kb/d). There continues to be much speculation and informati...

In an effort to prop up Aramco's ( ARMCO ) IPO share price, Saudi Arabia will push for an oil output cut extension at this week's OPEC+ summit to at least June 2020, Persian Gulf officials told WSJ . More news on: Saudi Aramco, The United States Oil ETF, LP, iPath S&P GSCI Crude Oil...

Introduction The markets, jittery as ever on Friday, took to heart rumblings coming from the attendees of the bi-annual summit in Vienna. The oil price tumbled as a result, dropping 5% in a single day to finish just above $55/bbl. Here's the issue for Riyadh. KSA has shouldered the brunt o...

OPEC will meet next week on Dec. 5-6 Although Brent crude dropped below $63 per barrel by the week closing, oil prices are still very close to the levels that prevailed around OPEC's meeting six months ago when an output cut rollover was suggested till March 2020. OPEC will meet next wee...

Amid the shale boom and President Trump's drive for American energy independence, the U.S. has posted its first full month as a net exporter of crude oil and petroleum products since government records began in 1949. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil...