OPEC

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
The Markets This Week

The Markets This Week

This week we point our attention to a variety of events that have been affecting the markets in different ways. First off, there is unrest in the United States surrounding…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