Oil

Stocks, Oil Continue Soaring On Fake OPEC Meeting “Headline” That Was Just Denied

Wednesday, April 20, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/20/2016 It has become a daily farce. Having soared above yesterday’s highs on the Iraqi’ deputy oil minister’s comments on renewed production freeze meetings, not even 10 minutes later Russia immediately poured cold water all over it: RUSSIA SAYS NO AGREEMENT ON OIL MEETING IN MAY IN RUSSIA... But no... »

Oil Market Hype And Crisis Signal Greater Troubles Ahead

Wednesday, April 20, 2016
By Paul Martin

Brandon Smith Alt-Market.com Wednesday, 20 April 2016 Most people are not avid followers of economic news, and I don’t blame them. Financial analysis is for the most part boring and tedious and you would have to be some kind of crazy to commit a large slice of your life to it. However, those of... »

‘Time Is Running Out for OPEC': Oil Giants at a Crossroads After Doha Flop

Wednesday, April 20, 2016
By Paul Martin

SputnikNews.com 20.04.2016 The failure by oil-rich nations to agree to freeze production has weighed on crude prices, which remain volatile as chances for a deal look dim after Iran stayed away from the Doha summit and Saudi Arabia refused to follow through with the deal without Tehran’s participation. The talks failed after Saudi Arabia,... »

Crude Slides After Russia Warns Of Production Increase: “Was Never Ready To Cut Output”

Wednesday, April 20, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/20/2016 Perhaps upset at the weekend’s development, Russia has decided to rattle the global crude complex cage. Amid hopes of a freeze, Russia’s energy minister Alexander Novak has reversed course and stated that Russia could “in theory” increase oil output and “was never ready to cut production.” It appears things... »

Crude Slides After Kuwait Strikes Ends; China Markets Tumble

Wednesday, April 20, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/20/2016 The biggest catalyst for overnight markets, first reported on this site, was the announcement by Kuwait that its oil workers had ended their strike which disrupted oil production in the 4th largest OPEC producer for 3 days cutting it by as much as 1.7 mmb/d, and had served to... »

US ‘Seeks War in Middle East to Save Its Fracking Industry From Collapse’

Tuesday, April 19, 2016
By Paul Martin

SputnikNews.com 19.04.2016 On Sunday, negotiators from the world’s major oil-producing countries, including both the Organization of the Petroleum Exporting Countries (OPEC) members and the non-cartel producers, failed to reach an agreement on freezing production levels in talks in Doha, Qatar. The news triggered a sharp drop of about 4 percent in oil prices, raising... »

Iran Is Ready To Flood The World With Oil… It Just Has No Ships To Deliver It

Tuesday, April 19, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/19/2016 As increasingly more of Iran’s tanker fleet is currently utilized or is otherwise out of commission, Iran desperately needs foreign ships to execute its plans for a big export push to Europe and elsewhere and meet its target of reaching pre-sanction sales levels this year. There is just one... »

“I Am Not Sure You Can Call It A Freeze” – OPEC Deal In Jeopardy As Saudi-Iran Tensions Spike: All The Latest

Sunday, April 17, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/17/2016 A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding oil output deal in 15 years between OPEC and non-OPEC nations, and looked set to prompt another fall in the price of crude. “I am not sure you can... »

And Scene: In Last Minute Iran Pulls Out Of Doha Meeting

Saturday, April 16, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/16/2016 The “OPEC production freeze” farce was fully exposed this morning when after pretending whether or not to participate in the Qatar meeting, Iran finally decided it will not attend the Doha meeting, two sources familiar with the situation told Reuters. Iran’s oil minister had not been scheduled to attend,... »

Doha Is Done: Saudi Prince Drops Bomb – “No Deal Without Iran…We Are Selling At Every Opportunity”

Saturday, April 16, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/15/2016 In what appears to be a Doha party-pooping statement, Saudi deputy crown prince Mohammed bin Salman stated unequivocally that The Kingdom won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha. This a major problem because – if... »

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