US Shale May Still Cap Crude Prices but OPEC Has Secured the Floor
OPEC and its non-OPEC allies on November 30 finally decided to stay the course with their crude production cuts till the end of 2018. Benchmark...
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Production Cuts Are a Lousy Panacea for Broken Oil Markets
As many expected, OPEC announced on Nov. 30 that it will extend its Crude Oil (CRUDE OIL COMDTY) production cuts through the end of 2018. But the...
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WTI Crude Back Under Pressure from Keystone Pipeline Restart
WTI crude futures flipped back into contango at the front end of the time curve at Monday's settle (November 27) after a one-day dalliance with...
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Chart of the Day: Vienna! This Means Nothing To Me
Change is difficult; revolutions painful. Denial is easy; acceptance hard. But even OPEC itself, on the cusp of its latest meeting in Vienna,...
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US Crude Benchmark WTI Flips into Backwardation – Is It Ready for a Bull Market?
The NYMEX WTI crude futures curve flipped into backwardation this week, breaking a three-year uninterrupted spell of contango. The front two...
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