Blog Posts - Opec



WTI and Brent Crude Oil charts: bulls run amok as OPEC and non-OPEC countries agree to cut crude production from Jan '17

WTI Crude Oil chartThe daily bar chart pattern of WTI Crude Oil had formed a 'reversal day' bar (higher high, lower close) on Nov 22. That triggered a correction below all three EMAs into bear territory.On Nov 30, oil's price bounced up wit...

OPEC, non-OPEC producers set for deal

OPEC headquarters in Vienna, Austria (@AFP)The Organization of the Petroleum Exporting Countries (OPEC) is expected to clinch a deal with non-OPEC producers to reduce oil output.OPEC has started a meeting with producers from outside the group in Vien...

OPEC states must work for stable oil market: Iranian President Hassan Rouhani

Iranian President Hassan RouhaniIranian President Hassan Rouhani says all member states of the Organization of the Petroleum Exporting Countries (OPEC) must make joint efforts to stabilize the global oil market and reverse a slump in prices following...

Crude prices enjoys best weekly gain in years

File image of an oil platform in the Persian GulfCrude prices have soared after the Organization of the Petroleum Exporting Countries agreed to cut crude output.Oil futures scored a weekly gain of over 12% amid growing hopes that OPEC’s output deal...

Iran’s OPEC ‘victory’ hailed at home

The agreement by OPEC to exempt Iran from a much-debated oil freeze plan has been praised by the country’s media as a victory with most of the credits going to the country’s Petroleum Minister Bijan Zanganeh. (Photo by Shana)Iran’s media have h...

Iran draws closer to No. 2 OPEC position

Oil facilities in Iran's West Karoun near the Iraqi border (Photo by Shana)Minister of Petroleum Bijan Zangeneh says Iran’s oil exports have risen to 2.1 million barrels per day (bpd), bringing the country closer to its former position as the secon...

What does the 2nd half of 2016 hold for the #LNG industry?

Back in January, I issued a popular (for me) post on my predictions for the LNG industry for 2016. Now that we’re through the first half, I thought it might be amusing to see how I’m doing, and perhaps update my outlook for the balance... The pos...
by Fuel Up! on Aug 14, 2016

55 – When Saudi Arabia abandons oil. Now what?

Saudi Arabia has embarked on the impossible and intends to wean itself off its addiction to oil. What effect could this have on global LNG markets?   Duration: 9m 55s         The post 55 – When Saudi Arabia abandons oil...
by Fuel Up! on Jul 26, 2016

Phyllis  Riccia

Greetings, We've obtained your details from career builder Inc, Database, and considered you as an ideal representative for the HOME-BASED job position detailed below. I am Mr Phyllis  Riccia, Chief Executive Officer of Equator Oil and Gas Ltd. We...
by Scam on Jun 27, 2016

Ibe Kachikwu congratulates Mohammed Barkindo for emerging new OPEC Secretary-General

Mohammed Barkindo, a former Group Managing... [[ This is a content summary only. Visit site or click title above]]...

Nigeria’s Mohammed Barkindo Named OPEC Secretary-General

Former Group Managing Director of the Nigerian... [[ This is a content summary only. Visit site or click title above]]...

What Will be the effect of Crude oil by the meeting of OPEC

Commodity market today is quite an event for the day. OPEC is a key meeting today. The ECB's decision on interest rates is going to come. The ECB will decide on interest rates 5:15 PM. Thus, soon after, the weekly US unemployment figures will be rele...
by MCX TIPS TODAY on Jun 2, 2016

When Saudi Arabia Abandons Oil. Now what?

Saudi Arabia has embarked on the impossible and intends to wean itself off its addiction to oil. What effect could this have on global LNG markets? Read on.   We’re not out of stones yet     Western business people would see noth...
by Fuel Up! on May 15, 2016

Australia’s #LNG Industry in Transition

APPEA returns to Brisbane this year and the conference (hopefully) will bring into focus the significant challenges facing the industry and stimulate a lively discussion about the future. I think we’re due for an industry reset. Here’s a...
by Fuel Up! on May 8, 2016

Crude Oil Prices Hit Fresh High for 2016

Oil prices hit their highest levels of the year... [[ This is a content summary only. Visit site or click title above]]...
by Jobs & Scholarships in Nigeria on Apr 29, 2016

Oil Prices: OPEC, Non-OPEC Producers to Meet in April

OPEC members and key oil producers from outside... [[ This is a content summary only. Visit site or click title above]]...
by Jobs & Scholarships in Nigeria on Mar 16, 2016

Oil prices and OPEC influence

Light, sweet crude is the most desirable grade of crude oil because it requires minimal refining while producing the most gasoline. This chart is useful when considering geopolitical risk and commodities prices, as it illustrates where the “bes...
by Ellie Asks Why on Mar 4, 2016

Episode 36 – OPEC Meetings and Impacts on LNG

December rolls around and OPEC holds its semi-annual gabfest to argue out its oil market quota. They went into the meeting in a tizzy and came out in tatters. Are you wondering what happens to LNG now that the dessert plates have been cleared away...
by Fuel Up! on Mar 1, 2016

Episode 33 – My predictions for #LNG for 2016

It’s customary at the dawn of a new year to make predictions you have no idea will come true. And true to the season, at a recent meeting I was asked whether I thought the price of oil would get to $20 a barrel in... The post Episode 33 – My...
by Fuel Up! on Feb 11, 2016

WTI and Brent Crude Oil charts: bear market rallies flounder

WTI Crude chartThe daily bar chart pattern of WTI Crude oil crossed above the falling 20 day EMA with strong volume support and touched an intra-day high of 35 on Jan 29. The falling 50 day EMA proved to be a strong resistance. Oil's price...


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