by Ryan Littlestone | November 28th, 2017, 13:13:08 | News
Time to gear up for trading the OPEC meeting The OPEC meeting is right around the corner and so it’s time to look at the trading opportunities. First we’ll look at the latest news and expectations. By and large the market is set for an extension, and the...
by Ryan Littlestone | November 13th, 2017, 11:52:30 | Economic Data
OPEC monthly report 13 November 2017 In October 2017, OPEC crude oil production decreased by 151 tb/d, according to secondary sources, to average 32.59 mb/d Crude and products stocks indicated a surplus of around 129 mb and 25 mb, respectively, above the seasonal norm...
by Ryan Littlestone | November 7th, 2017, 13:34:09 | News
Details from the 2017 OPEC World Oil Outlook report 07 November 2017 Demand is set to increase by close to 2 million barrels a day (mb/d) from the first to the second half of 2017 While oil is expected to see a drop in its share of the energy mix over the forecast...
by Ryan Littlestone | November 6th, 2017, 16:41:01 | News
Brent Crude up some 70 odd pips after the Nigerian oil minister hits the wires The consensus is to extend OPEC production cuts but the issue is duration Is willing to cap Nigerian output in the 1.8-1.9mbpd range Will support an extension if the right terms are on the...
by Ryan Littlestone | October 24th, 2017, 11:22:04 | News
Comments from coming from various OPEC sources on social media and news wires Will discuss the outlines of an exit plan at the Nov 30th meeting (Russia’s Novak) Still too early to make a decision on an extension of OPEC deal (Saudi oil minister) All options are...