It's one thing to focus on SA's long-term prospects. Be careful not to miss the forest for the trees. But what's to be done when the forest suddenly goes up in flames? asks Ron Derby.
High level clouds. Mild.
OPEC and its allies failed to reach a deal on oil production cuts Friday, after Moscow refused to tighten supply to counter the effects of the coronavirus outbreak, sending oil prices tumbling.
Oil rose for a second day after a drone attack on a Saudi Arabian oil field brought geopolitical risks back into focus, and as the prospect of more US-China trade meetings spurred some investor optimism.
Oil rose to the highest level in almost six months as the US government was said to eliminate sanction waivers that allowed buyers to import Iranian crude.
Oil headed for its longest weekly rally in three months on easing concern over whether the OPEC+ coalition will follow through on its pledge to slash production.
Crude prices in London have sunk back to the same range when the OPEC began production cuts in early 2017
Qatar will leave OPEC next month in order to focus on gas production, denying the surprise move was a result of Doha's bitter feud with oil-rich Saudi Arabia.
The Organisation of the Petroleum Exporting Countries has lost what control of the oil market it ever had, is the view of Julian Lee.
Asian markets mostly rose Thursday, building on a global rally as investors bet that gridlock in Washington will clip Donald Trump's wings.
Oil traded near $82 a barrel after President Donald Trump resumed his attack on OPEC while Goldman Sachs Group poured cold water on forecasts for $100 crude.
Major oil trading houses predict the return of $100 crude for the first time since 2014
The climate crisis was the unexpected guest at this week's gathering of the OPEC bloc of oil producers and its allies.
US President Donald Trump said he’s spoken to Saudi Arabia and other countries about increasing oil flow and that 'all are in agreement.'
OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second half, Saudi Energy Minister Khalid Al-Falih has said.
Oil rallied for a seventh day as US negotiators touted progress in trade talks with China and investors gained faith that OPEC will shrink output.
Oil retreated from a two-week high amid increasing concerns over economic growth in China, the world’s second-biggest consumer of crude.
Oil tumbled below $53 a barrel for the first time in a year amid concern OPEC’s plans to cut production won’t be enough to stem a surge in stockpiles.
Brent crude oil sank Friday under $70 per barrel before a weekend meeting of major oil producing nations in Abu Dhabi.
Oil prices held around four-year highs Tuesday after another blistering rally, supporting energy firms, but most markets were in retreat as traders brushed off a positive lead from Wall Street and the US-Mexico-Canada trade deal.
The OPEC oil cartel raised its global production forecast based on higher-than-predicted US output in a report outlining a long-term rise in net demand, particularly in developing countries.
Julian Lee writes what would happen if the No Oil Producing and Exporting Cartels bill becomes law and the group failed to protect itself from its reach.
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