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#OPEC

OPEC Collapse Likely, Warns Iran's Oil Minister
Barry Glassman 5/3/2019 2:33:58 PM

Sounds more like a lot of talk. I doubt #OPEC will collapse any time soon - if they do, they'll never be able to control the price of #oil again.

How President Trump Is Undermining U.S. Oil Producers
Gary Anderson 11/23/2018 2:28:11 PM

Great article. Truth is, #Trump does live in the past. He wants three models of cars on the road, #Ford, #GM, and #Dodge. He wants the world weakened while the USA is strong, like after ww2. He wants cheap oil prices to spur Americans to buy holiday gifts, like before #OPEC. He wants men to be superior to women. He toys with Fascism like it somehow worked when it didn't. He wants China and Europe to submit like in the old days. Many older people live in the past, in their glory days. But it isn't healthy, mentally, nor is it good for the nation.

Oil Bears In Control But Expect A Bounce
Gil Richards 2/12/2018 12:22:42 PM

In my opinion, all these factors indicate that #oil will continue to drop. With Libya and Iran and the US all ramping up production, it's only a matter of time before the #OPEC members start turning on themselves again.

Crashing Through The Glass Ceiling
Daniel Robertson 1/16/2018 2:32:34 PM

Don't #OPEC agreements usually endup falling apart when member countries start to cheat? How long do you think the #oil production cuts will last? $OIL

The Oil War Is Only Just Getting Started
Jason Stewart 2/6/2017 9:22:34 PM

#OPEC can very well try to appear unfazed but their influence on the global #oil market has been on a decline for quite some time. What we are seeing now is a perfect example of their waning influence. They've gone through considerable lengths with the current production deals in order to prop up the oil price. The end result is a stabilization around $50 - $60. The rebound in US oil rigs ensures that the oil price will never reach its previous highs. $OIL $UCO $USO

Can Oil Markets Survive An OPEC Implosion?
James Hanshaw 11/3/2016 6:25:53 PM

If #OPEC implodes - it is hardly an effective body anymore, anyway - then its member states do more damage to themselves when many including Saudi Arabia need prices at around $100 bbl to break-even on their budgets. Many are in a bad shape since the mid 2014 when Saudi declared war on US shale producers. Any further damage like that could lead to a middle east war and if that happens oil prices will soar

Bakken Update: Well Economics Are Improving As Costs Decrease And Enhanced Completions Improve Production, Part 2
James Hanshaw 7/17/2016 5:04:28 PM

Good article, thank you. I read in the Financial Times recently that break-even prices in the SCOOP and STACK are down to around $35-$39 per barrel. This is highly significant when considering that break-even prices in countries like Saudi have to take into account national budget issues and they need around $90 to break-even. Many #OPEC producers need that figure or more.

I use to own $CLR and will probably buy back in again soon.

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