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Will Boris Johnson hurt the UK's Gulf trade charm offensive?

Foreign secretary Boris Johnson's attack on Saudi Arabia runs the risk of harming UK efforts to build trading relations with Gulf states, experts say. In remarks reported earlier this week, Johnson..
City A.M.

Poll: OPEC deal will pack little punch in raising oil prices

(Reuters) - OPEC's landmark oil-production deal may prove effective in running down global inventories, but analysts hold little hope for much of a rise in prices, a Reuters poll showed on Thursday.

Videos for "Opec Deal"

News video: Midday Report: Biotech Slumps on Trump Worries; S&P 500 Hits Intraday Record

Midday Report: Biotech Slumps on Trump Worries; S&P 500 Hits Intraday Record 01:07

The S&P 500 and Dow Jones Industrial Average traded with slight gains after hitting new intraday records earlier in the session. Broad gains across all sectors boosted the indexes, putting the Dow on..
Source: The Street -

News video: Here Is What Investors Should Worry About for the Remainder of 2016

Here Is What Investors Should Worry About for the Remainder of 2016 01:33

Just because the U.S. presidential election, Italy referendum and OPEC deal are behind us, doesn't mean there aren't things to fret over as 2016 comes to an end. "We've got an ECB meeting and the Fed,"..
Source: The Street -

News video: Following OPEC Deal Success, Brent Crude Oil Prices Rose Above $55 a Barrel

Following OPEC Deal Success, Brent Crude Oil Prices Rose Above $55 a Barrel 00:53

Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, as optimism spread about the prospect of a tightening market after OPEC members agreed on a landmark deal to..
Source: Wochit Headline News -

News video: Closing Bell: Ford Announces Recall Over Seatbelt Issue; Dow Retreats From Records

Closing Bell: Ford Announces Recall Over Seatbelt Issue; Dow Retreats From Records 01:06

The Dow retreated from records as banks reversed course after days of big gains. Dow components Goldman Sachs gs and JPMorgan jpm ended the day lower alongside fellow banks Citigroup and Bank of..
Source: The Street -

News video: OPEC deal a win-win?

OPEC deal a win-win? 01:40

Oil sweeps to a six-week high after OPEC agrees to cut crude output to clear a glut. As David Pollard reports, bond yields also rose on prospects that resulting inflationary pressures will lead to..
Source: Rumble -


The OPEC deal has only papered over widening cracks

The outcome of the Vienna meeting came as a pleasant surprise to oil markets. A deal had been hammered out and, despite the resistance, OPEC and Non-OPEC producers had agreed to cut a total of..
City A.M.

OPEC deal may come back to haunt Saudi Arabia

Under the stewardship of deputy Crown Prince Mohammed bin Salman, and his trusted lieutenant, Energy Minister Khaled Al-Falih, Saudi Arabia has formally given up on the battle for market share of crude
Globe and Mail

Oil Minister: Venezuela Has Left 500,000 Bpd Output Out Of OPEC Deal

Venezuela - one of the OPEC deal’s staunchest promoters and supporters – produces around 500,000 barrels per day of heavy oil, and this figure has been left out of the agreement, Venezuelan oil..

David Rosenberg Throws Up On The "Trump Rally" - Here's Why

david rosenberg throws up on the trump rally - here's why
Authored by Gluskin Sheff's David Rosenberg, originally posted op-ed at The Globe and Mail, When I was on CNBC on Monday afternoon, the discussion was over this *stellar stock market performance* of..
Zero Hedge

EIA Reports Crude Inventory Draw Amid Rising Doubts On OPEC Deal

As doubts about the effectiveness of OPEC’s production cut deal continue to rise, the EIA reported a 2.4-million-barrel fall in commercial inventories for the week to December 2. The report comes a..

Crude Tumbles Below $50 After Biggest Cushing Build Since Jan 2009

crude tumbles below $50 after biggest cushing build since jan 2009
Crude prices are lower this morning following API's huge reported build at Cushing (biggest since 2008) and fears over OPEC deal realities. With expectations for a crude draw (on lower imports), DOE..
Zero Hedge

OPEC Cheating Will Cap Oil At $52

opec cheating will cap oil at $52
Submitted by Nick Cunningham, via OilPrice.com, OPEC succeeded in* pulling off what many thought was impossible*, overcoming mutual disdain and mistrust to reach a deal on reducing its oil output...
Zero Hedge

The Russian ruble is ticking up

The *Russian ruble* is ticking up. The petro-currency is up by 0.3% at 63.6919 per dollar as of 7:50 a.m. ET after strengthening by as much as 0.4% earlier in the day. Senior executives from..
Business Insider

OPEC deal will go ahead even if only Russia commits - Nigeria oil minister

By Maha El Dahan and Stanley Carvalho

Premarket: Monte dei Paschi bolsters European stocks, ECB looms

Banks lead European shares higher; oil dips on doubts over impact of OPEC deal
Globe and Mail

Nigeria oil minister: OPEC deal will go ahead even if only Russia commits

ABU DHABI (Reuters) - OPEC's deal to cut production will go ahead even if only non-OPEC Russia commits to reduce output at a meeting later this week, Nigerian oil minister Emmanuel Ibe Kachikwu
Sify Also reported by •Reuters India

Futures Movers: Oil prices continue to backtrack as investors question OPEC deal


Oil rallied the last 3 times OPEC cut production

oil rallied the last 3 times opec cut production
It finally happened. For the first time since 2008, the Organization of Petroleum Exporting Countries (OPEC) agreed to a crude oil production cut last week, renewing hope among producers and investors..
Business Insider

Opec deal may force airlines to end free wine and in-flight entertainment

Some of Asia's marquee airlines that spoil passengers with free alcohol and in-flight entertainment may soon have to kick the habit.
Brisbane Times Also reported by •Sydney Morning HeraldThe Age

Oil & Gas Stocks Soar On OPEC Deal – Can The Rally Continue?

The markets are reacting to the Organization of Petroleum Exporting Countries’ (OPEC) planned production reduction not just in oil price spikes, but stock prices, too—giving the deal the power to..

Venezuela’s Maduro Praises The OPEC Deal, But How Good Is It Really?

Nicolas Maduro, the Socialist president of recession-hit and hyperinflation-stifled Venezuela, was the most vocal supporter and promoter of an OPEC deal to reduce oil supply in a bid to lift prices...

Trumpgasm Returns: Dow Hits 11th Record Since Election As Small Caps Soar

trumpgasm returns: dow hits 11th record since election as small caps soar
Productivity decline most since 1993? ... no Problem - Buy the Fucking Bankrupt Bank dip... The day started off with Italian authorities telling BMPS to prepare for a state bailout, which enabled..
Zero Hedge

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