Tagged: opec

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The OPEC Extension Is Already Under Threat

By Osama Rizvi Rising production from both U.S. shale and Libya has been playing havoc with oil prices of-late. The possibility of a strong Summer Driving Season, which may subsequently lead to some inventory...

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OPEC No Longer in Control of Oil!

For decades, OPEC’s sway on oil prices was unparalleled. But the cartel’s immense influence has been dealt a huge blow by the dramatic boom in US shale. “Saudi Arabia and OPEC are no longer...

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Is The Market Running Out Of Patience With OPEC?

By ZeroHedge Just as we warned yesterday following the EIA inventory and production data release, the exuberance over the crude draw was misplaced (due to the surge in product builds and almost unprecedented refining...

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Is OPEC Lying To The Oil Markets?

By Matt Smith Has no-one really done a ‘getting riggy with it’ pun yet? Ok then, here it goes. We’ve made it to Friday, which means we get a couple of data points to...