OPEC

Oil could spike to $100 as Iranian exports shrink & Venezuelan economy collapses, analysts tell RT

The crude rally is likely to continue this year as OPEC countries are losing their exports, analysts told RT. The key reason is US sanctions against major producers Iran and Venezuela.

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Oil heading to $100 & OPEC is ‘powerless to prevent it’ – analyst

Crude prices will likely reach $100 per barrel for the first time since 2014, and OPEC has no leverage to prevent such a scenario, an analyst has warned. “Nobody wants to get caught short, full in the knowledge that more Iranian barrels are poised to be removed from the market,” Stephen Brennock, oil analyst at […]

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‘Demand Hasn’t Materialized’: OPEC Ignores Trump Demands to Drop Price of Oil

If you can’t get them to keep quiet, ignore them, appears to be the playbook currently in use by OPEC. Tweets by US President Donald Trump demanding that OPEC boost its oil output as a means of lowering prices worldwide have been met with silence by the global fossil-fuel energy bloc.

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