crude oil

OPEC Renews Agreement

OPEC Renews Agreement

Yesterday the Organization of Petroleum-Exporting Countries held their long-awaited summit in Vienna. OPEC members met the expectations of investors perfectly by agreeing to extend their current agreement to reduce oil…Read more
OPEC Losing Control

OPEC Losing Control

The union of petroleum-exporting countries, known as OPEC to the world, has for years been the key determinant in all developments involving oil. Thanks to their rich deposits these countries…Read more
Is Oil Recovering?

Is Oil Recovering?

It appears that the oil’s shaky journey up and down on the market continues. After the crisis of 2015 and early 2016, the oil began stabilizing when OPEC agreed to…Read more
Markets & the War in Syria

Markets & the War in Syria

The war in Syria has been going on for years due to the complexity of the issue - first there were rebels against Assad’s cruel regime versus Assad supporters, then…Read more
OPEC Keeps Its Promise

OPEC Keeps Its Promise

OPEC continues to surprise us. Despite much doubt, the countries-exporters of oil managed to reach an agreement at the end of 2016 on cutting back the production of oil in…Read more
Oil Prices: Up or Down?

Oil Prices: Up or Down?

As of today (Friday, November 25) the oil prices have sunk by 1% as a result of a combination of factors - the consistently strong dollar, Saudi Arabia’s increase in…Read more
It’s a Cold, Cold World

It’s a Cold, Cold World

“The Gods must be crazy!” we may think, looking at the odd weather patterns we’ve had all over the globe in recent years. This year’s winter arrived particularly early and…Read more