Tag Archives for " OPEC "

Oil shocker – producers claim to want lower prices!

Good grief, there’s a lot of tosh spouted on where oil prices are going after Russia and Saudi Arabia pulled the plug on the current rally, once Brent oil hit the magical $80/bbl target.  The prize however, must go to Goldman’s straddle, where it seems the ‘technical’ analyst (someone who can draw straight lines) is […]

Continue reading

Oil stocks continue to reach beyond a $60/bbl oil price

Mr Micawber it seems is alive and well over at OPEC, where the last ‘do nothing’ meeting has ended in the warm glow of oil prices being up 80% since the last event (in Dec 2015), with the narrative of a market experiencing a net reduction in non-OPEC supply of approx -740k b/d against global […]

Continue reading