Category Archives: OPEC

Uncertainty Over Oil

The price of oil futures has seen extreme volatility in late October till now. Brent which is still up 9.11% year to day is down 13.75% in the past month trading at $72.52 per barrel. While West Texas Intermediate or … Continue reading

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Oil Hits 4-Year High

On Tuesday, September 25th, Brent futures hit a high of $81 per barrel. A level not seen since 2014. Oil prices are rising as sanctions on Iran set to take effect in Mid-November leave investors worried about undersupply in the … Continue reading

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Banks Lower Oil Price Expectations

Banks have decreased their projections for oil prices for the fourth consecutive month this year as analysts expect oil supply to increase next year. Members of the OPEC had renewed an agreement with ten other crude oil producers to hold … Continue reading

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Iran to Deal with France’s Total as International Sanctions are Lifted

One of the largest oil companies in France has agreed to purchase hundreds of thousands of barrels of Iranian Crude a day. Oil Minister, Bijan Zanganeh, has decided to allow France’s Total SA to spur the oil industry through its … Continue reading

Posted in dollar, Economy, Euro, Forecasts, France, Global News, Global Trade, Iran, macro-economic, Macro/Sector News, Oil, OPEC, Pound, Uncategorized | Leave a comment

OPEC Gains Consensus for Cuts

Members of the Organization of the Petroleum Exporting Countries came to an agreement in Algeria on Wednesday to cut crude output to decrease global supply. There hasn’t been a production cut since 2008 after the financial crisis decreased the demand … Continue reading

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