Russia unlikely to agree to deepen oil output cuts – Citing three sources familiar with talks, Reuters on Tuesday reported that Russia was unlikely to agree to deepen additional oil output cuts at the Organization of the Petroleum Exporting Countries’ (OPEC) meeting in Vienna on December 5th.
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U.S. Crude Oil Production to Grow by More Than 1 Million bpd in 2020
Fund manager Paulson & Co. Inc, a shareholder of Callon Petroleum, is dropping its opposition to a merger between Callon and Carrizo Oil & Gas that could be the start of consolidation among smaller shale players after the massive Occidental-Anadarko deal.
Crude Oil Rises OPEC+ on Jan. 1 cut output by 1.2 Million Barrels per day (bpd), New Optimism on US-China Trade Deal
Crude Oil prices posted early gains as OPEC’s outlook for oil demand next year fuelled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.
WTI Crude Oil Price Touch Trendline Support, Bears in Control – Neal Bhai Reports
The WTI Crude Oil price of oil was lower again on Friday, with West Texas Intermediate crude travelling from a high of $56.75 to a low of $54.79 and ending the day down -0.80%. Prior to the cash close, WTI crude for November delivery has dropped lost 50 cents, or 0.9%, to settle at $55.91 a barrel on the New York Mercantile Exchange.
Crude Oil WTI Futures Target $63.35 Very Very Soon, Need Patience – Neal Bhai (CFA)
Crude Oil WTI Futures is above the 200-EMA and has eyes for the $60 psychological figure which correlates with trend line resistance. A break there opens 63.35 swing highs.
Crude Oil Flipped Between Gains and Losses – Gold Silver Reports
Gold Silver Reports (GSR ) – Crude flipped between gains and losses – U.S. and international crude oil prices ended Monday’s trading session little changed from where they began the day. While London futures settled lower, the WestTexasIntermediate contract traded in NewYork posted a small gain. Even so, WTI was on track to advance more than 5 percent for April; if that holds, American-crude will post its best start to a year since 1999.
Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil
White House: US, Saudi Arabia, UAE ‘Have agreed to assure that global demand is met as all Iranian oil is removed from the market’