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In one of the more unexpected visits to take place to the penthouse at the Trump Tower on Wednesday, Leonardo DiCaprio and the head of…
The greatest trick OPEC ever pulled was convincing the world to buy oil even as production kept rising to new all-time highs. Case in point,…
Going into the Algiers OPEC meeting in late September, the prevailing sentiment among the analyst community was that there is no way any deal will…
Gartman has done it again, and luckily, the following "advice" does not require much in terms of commentary. It was, as Gartman might perhaps say,…
One day ahead of OPEC's much anticipated meeting in Vienna, oil has slid back under $46 on rising pessimism that an oil production cut deal,…
With less than a week to go until the much-anticipated OPEC meeting in Vienna on November 30, the oil exporting cartel still seems unable to…
While the market has taken the latest round of "optimistic" jawboning by OPEC members in stride, sending crude higher by 4 percent ahead of next…
In its latest monthly oil production update, OPEC reported that its crude oil output increased by another 240,000 barrels a day in October to 33.64…
While the proxy war in the middle-east rages, a curious, and largely under the radar pivot has been taking place in one of the countries…
Around the time of the February oil crash, we first mused whether OPEC had developed a curious habit of jawboning oil prices higher with the…
Following OPEC's blame-mongering statement earlier today -"observers should not be quick to judge or criticize" the organization - it appears mutiny is occurring within the…
As warned one month ago after the farcical OPEC meeting in Algiers, the cartel's latest jawboning ploy to keep prices artificially higher - if only…
As we reported last week, just as OPEC announced a new monthly production record, with total output rising by 220kbpd to a record 33.4mmbpd... (Click…
While historically the major conflict within OPEC in recent years had been between Iran, whose oil production had been mothballed since 2013 as a result…
While we await every new headline out of Algiers, overnight Goldman threw in the towel on its "transitory" oil market bullishness, and in a note…
Saudi Arabia's oil policy, unveiled just under two years ago at the November 2014 OPEC meeting where it effectively splintered the OPEC cartel by announcing…
One week ago we reported that one of the biggest mysteries for the global oil market, and certainly the biggest wildcard for future oil prices, is the…
With oil prices surging on the 'one-off' crash in U.S. inventories (as algos run riot once again), overnight remarks from Iran, largely dashing hopes of…
In mid-January, everyone's favorite market indicator Dennis Gartman, made an infamous prediction when oil was trading in the mid-$30s, when he said that oil won't…
At the end of July, we wrote an article titled "Oil Bulls Beware: Crude Demand Is About To Slide As China's SPR Is "Close To…