Category Archives: OPEC

OPEC

Natural Gas Declines –

Natural Gas declined after reports indicated that supplies were increasing and that demand would continue to decline.  At the same time crude oil had a slight increase due to OPEC members asking for a cut in production.  The likely result … Continue reading

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Oil Hits $140 –

Oil moved past $140 today on comments by OPEC that it could go well above $150 before the end of the year.  This is different than the opinions of refinery executives who started buying their own shares.  Insider purchasing by … Continue reading

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Saudis Increase Oil –

The Saudis are expected to increase oil production by a half a million barrels a day next month.  This increase will bring the Saudi production to around 10 million barrels a day.  More important than the increase is the signal … Continue reading

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Bush Heads To Saudi Arabia –

Pesident Bush is heading to Saudi Arabia and one of the main topics will be an increase in oil production by OPEC.  Saudi Arabia has the ability to increase OPECs production due to their percentage vote in OPEC.  Also, they … Continue reading

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Commodities Fall Most In Six Weeks –

The biggest drop in commodities in six weeks due mainly to the economy.  A major downward trend across a broad segment of the economy is a view shared by many analysts.  Tomorrow will also be the weekly inventory report as … Continue reading

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Oil Continues Unlikely Rise –

Oil broke the $100 dollar mark again yesterday. This record took place with demand likely to fall and a weekly inventory report to probably show an increase in supply. This week the inventory report could be a lulu with crude … Continue reading

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Slippery Slope For Crude?

Oil prices refused to rise after the Fed cut rates and OPEC declined to increase output.  The seasonal rebuilding of inventories coupled with a possible recession are putting a ceiling on prices.  Some speculate that the price can hit as … Continue reading

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OPEC & Oil –

Oil markets are set for another rocky week.  OPEC will meet on Friday to discuss production increases and the weekly inventory report is due on Wednesday.  Currently, analysts expect OPEC to keep levels the same.  However, the recent arms deal … Continue reading

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OPEC Production Targets –

The increase in refining to over 90% has led to a fall in U.S. crude oil inventory.  This may lead to an increase in OPEC production targets at their February meeting.  That type of speculation coupled with very warm weather … Continue reading

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Ahead Of Opec Meeting –

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Opec Not To Raise Output –

Opec is expected to not raise output and that sent oil higher for a second day.  To read a related Bloomberg article please click the attached link. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKvcQTXOSHDI James Sutliff

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