Oil

While it appears that OPEC indeed is going to get a deal on a production cut, already the markets are questioning whether it is going to be enough.

For oil this week it is all about OPEC and how they can balance the conflicting short term needs of the cartel and their long term viability.

As OPEC is getting ready to meet next week in what will be their most important meeting in recent memory, it seems that global central bank actions may be doing some of the heavy lifting.

Shinzo Abe is not as popular as he once was, but he knows that his opposition is in disarray and does not offer any better ideas so he continues to go for broke both politically and economically. God help him.

At the G-20 summit Cameron said ‘red warning lights are flashing on the dashboard of the global economy’ and that the crisis that brought the world to its knees may happen again.

The Energy Information Administration reported that U.S. oil production went above 9 million barrels a day in the week ended Nov. 7 for the first time since 1983.

Poor Ali bin Ibrahim Al-Naimi, the de facto leader of the OPEC cartel, he is not a bad guy, it seems he is just misunderstood. Or is he?

Maybe the real climate deniers are the ones that fail to acknowledge that so far the so-called science has been wrong.

The message is clear that OPEC is going to pump oil until hell freezes over. Of course with the weather forecast being what it is, that might be sooner rather than later.

Why shale producers should take OPEC’s advice.

The big question for OPEC now is if financially strapped OPEC members, like Venezuela and Nigeria, can outlast the U.S. shale oil producer as it is a shale, shale, shale world.

Crude might find its fall bottom, even though its situation is tenuous at best.

One day after Saudi Arabia declared war on U.S. oil producers by lowering prices in an attempt to dump cheap crude in the United States (US) market, the White House and private oil companies responded.

The Kingdom made no secret of their displeasure Monday when they cut oil prices to U.S. buyers while raising them for everyone else in the world. They are threatened by U.S. oil production and they are trying to break the U.S. producer’s back.

Oil producers in the U.S., Russia and around OPEC continue to produce full out as the world awaits to see if Saudi Arabia will show signs that they are going to stop the production madness.

While the U.S. gets ready to end QE, it seems the U.S. is getting stimulated in a different way, courtesy of Big Oil.

While oil earnings season is here, the season that has really begun is prediction season.

Trilby says that if crude keeps falling than the price at the pump will keep dropping.

Short term and long term demand fears sink oil, making the charts look a little sick.

The Canada attacks stymied a comeback in oil Wednesday, but stronger than anticipated data out of Europe and China is giving oil a chance to try to attempt another rally.