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Showing posts with label 168th OPEC summit. Show all posts
Showing posts with label 168th OPEC summit. Show all posts
Monday, May 09, 2016

Adios Ali: Saudi oil minister retires

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Alas all 'crude' things in life come to an end, with King Salman replacing Ali Al-Naimi – Saudi Arabia’s oil minister who has bee...
Tuesday, December 08, 2015

Crude oil tumbles as OPEC stumbles

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Having been to every single OPEC ministers’ summit since 2008, the Oilholic thought he’d seen it all. Not quite it seems; when the 168th ...
Saturday, December 05, 2015

Brent & WTI fall by over 3% on OPEC call

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The Oilholic is still gathering thoughts on a most unusual conclusion to the OPEC meeting here in Vienna, with the formal communiqué iss...
Friday, December 04, 2015

OPEC quota where it was, no figures needed

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OPEC decided to roll over its 'previous quota' published at 30 million barrels per day, but declined to put a figure in its offic...

Saudis, Iranians not budging - short baby short!

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It’s not official yet, but highly likely that an OPEC quota cut is not on cards as the Saudis won’t budge and the Iranians, hoping to ret...
Wednesday, December 02, 2015

Oil oversupply has triggered risk premium fatigue

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The Oilholic reckons it will take at least another six months in the New Year to ease the current oil oversupply glut. More so, as OPEC i...
Friday, November 20, 2015

Going sideways: Brent & WTI lurk above $40

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The market’s huffed and puffed, issues and influences have come and gone but both oil benchmarks – Brent and WTI have done little to esca...