OPEC

The 152nd meeting of the oil ministers of the members of OPEC ended Sunday afternoon with a press release announcing that the organization was urging its members to fully comply with current production quotas.  The press release discussed the reduced global economic projections and their negative impact on oil demand.  =>Continue Reading

Thursday oil futures prices jumped by more than 11% taking oil above $47 a barrel.  The futures are up another $0.87 (as this blog is being written) pushing the price close to $48.  So after being hammered on Wednesday when crude oil inventories rose rather than fell as analysts expected, why is crude rising? =>Continue Reading