Rising OPEC Production Could Threaten Oil’s Rally (USO)

From Zainab Calcuttawala: OPEC output in January rose, despite declining production in Venezuela in the same month, a new Reuters report says.
NYSE:USO February 1, 2018 6:24am

Russia Might Back Out Of OPEC Deal (RSX)

From Zainab Calcuttawala: Russia may be on its way out of the OPEC output reduction deal, according to the country's Energy Minister, Alexander Novak.
NYSE:RSX January 17, 2018 6:31am

Will Oil Bulls Or Bears Prove Correct In 2018? (USO)

leverage bull bear 600X300
From Nick Cunningham: Last week, the International Energy Agency made a lot of OPEC brows furrow when it warned that 2018 may not be a very happy new year for the cartel.
NYSE:USO December 19, 2017 5:34am

How Hedge Funds Killed OPEC’s Latest Oil Rally (USO)

Image of an oil derrick with blue sky
From Nick Cunningham: Oil investors were confident ahead of the OPEC meeting last week, holding onto their bullish bets, but now there seems to be a bit of an OPEC hangover after weeks of hype.
NYSE:USO December 10, 2017 6:59am

Here’s The One Indicator That OPEC — And Oil Investors — Must Watch (USO)

From Nick Cunningham: "We will not let go of our current approach until we reach a balanced market," Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh.
NYSE:USO December 5, 2017 5:55am

Oil Bulls Back In Control Amid OPEC Deal Extension (USO)

Image of an oil derrick with blue sky
From Tom Kool: OPEC followed through on its promise, extending the production cuts through the end of 2018, bringing relief to an oil market that had grown jittery in recent days.
NYSE:USO December 2, 2017 8:09am

OPEC Agrees To A Production Cut Extension — Now What? (USO)

From Tsvetana Paraskova: OPEC talks ended in Vienna on Thursday with an agreement to extend the production cut deal through the end of 2018, a delegate told Reuters.
NYSE:USO December 1, 2017 6:19am

Analyst: Get Ready For OPEC To Disappoint The Oil Markets (USO)

Tubes running in the direction of the setting sun. Pipeline transportation is most common way of transporting goods such as Oil, natural gas or water on long distances.
From Nick Cunningham: A week out from the OPEC meeting, everyone is assuming a rollover of the production cuts for an additional nine months will be a simple formality, putting the limits in place until the end of 2018.
NYSE:USO November 27, 2017 6:05am

Russia, OPEC Said To Be Nearing New Oil Pact (USO)

From Tsvetana Paraskova: Saudi Arabia and Russia have agreed that OPEC and non-OPEC allies should announce an extension of the cuts at the highly-anticipated meeting in Vienna on November 30, Bloomberg reported on Friday, quoting people involved in the talks.
NYSE:USO November 26, 2017 7:43am

An OPEC Oil Production Cut Extension Is A Near Guarantee (USO)

From Zainab Calcuttawala: There will be an OPEC deal extension--no matter the public tussling between opposing forces in the industry cartel--if the world's largest oil producers are really determined to end the supply glut.
NYSE:USO November 24, 2017 6:18am

Oil Prices Will Crater If Russia Doesn’t Back OPEC Extension (USO)

From Irina Slav: As the November 30 meeting in Vienna of OPEC and its partners in the oil production cut deal nears, worry has returned among traders: one of the brokers of the deal might decide to walk out on the deal instead of participating in another extension.
NYSE:USO November 21, 2017 6:29am

An OPEC Oil Production Deal Extension Is Far From A Certainty (USO)

From Irina Slav: A year ago this week, markets reeled from the surprise election of U.S. president Donald Trump, and eagerly awaited OPEC's November meeting as the last hope for an oil price rally.
NYSE:USO November 14, 2017 6:12am

Will Oil Crash Again If OPEC Fails To Extend Its Deal? (USO)

oil drum
From Tsvetana Paraskova: OPEC is declaring victory in its efforts to rebalance supply and demand and bring the oil market back to stability--its favorite proxy buzzword for less volatile and relatively high oil prices.
NYSE:USO November 10, 2017 6:22am

Why OPEC Will Disappoint Oil Traders Next Month (USO)

oil drum
From JR Crooks: In 27 days, the Organization of the Petroleum Exporting Countries will meet again in Austria. There, "The Cartel" will officially announce the future of its agreement to cut oil production.
NYSE:USO November 4, 2017 7:46am

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