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Sunday, 18 March 11:33 (GMT -05:00)

Stock and commodities markets

OPEC Nations Don’t Want $60/b

The OPEC doesn't seem to be interested in oil prices above $60/b. At least this is what the Iranian Minister of Oil said the other day. By the way, Iran is the OPEC’s third-biggest producer of crude oil.

According to Bloomberg, the OPEC is afraid that prices above 60 dollars per barrel will favor international shale oil producers, especially American ones.


However, Masterforex-V Academy experts say that shale oil companies are not the only thing the OPEC should be afraid of. They should watch out for conventional oil producers form the USA as well. This is a major threat for both the OPEC and the oil nations participating in the OPEC+ deal.
Today, the Bureau of Ocean Energy Management published the draft bill aimed at canceling the veto on offshore oil production. They are planning to quintuple the amount of offshore oil rigs over the next 3-4 years. The areas supposedly store 90 billion barrels of crude oil and 319 trillion cubic feet of natural gas.
The entire U.S. offshore area both in the Atlantic and Pacific Oceans, as well as in the Mexican Bay, have been closed for oil production since 1988. The tenders are expected to start in 2019.
The BOEM's plan is said to be based on Donald Trump’s decree signed in April 2017. The decree is aimed at strengthening the USA’s role in the global energy market while keeping energy sources relatively cheap. So, the plan is designed to turn the United States into the world’s strongest energy superpower. At this point, the USA is producing almost as much oil as Russia and Saudi Arabia, the world’s leaders in terms of crude oil production. In 2017, it the USA produced 9,2 million barrels a day while this year they are going to produce 10 million barrels a day.


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OPEC and Russia Created a Dangerous Rival

Russian oil expert Ivan Priobrazhenskiy has commented on the negative outcome of curbing oil production (the OPEC+ deal). He claims that while trying to create an artificial deficit in the global oil market, the OPEC+ deal participants actually did American shale oil producers a huge favor. The thing is that American shale oil companies have been boosting their production over the last year or so, and they can take the United States to the status of the world’s biggest oil producer. They have already outpaced Saudi Arabia and are close to outpacing Russia, which is currently number one in the world in terms of crude oil production.

Publication date: 06 March 07:46 AM

Is crude oil really expensive today?

Oil expert Sergei Shelin decided to share with us his thoughts on the processes currently going on in the global oil market. In particular he thinks that crude oil has been struggling to consolidate around 70 dollars per barrel but the thing is that even the world's biggest oil producers and exporters don't believe in high oil prices in the future.

Publication date: 01 February 10:38 AM

Three Big Questions Related to Oil Prices

Oil prices has been continuously moving up and down over the last few decades, and this is something that keeps worrying millions of traders of investors all over the world. The most difficult thing is to figure out why exactly crude oil prices reach a certain level at any given point, especially these days. 

Publication date: 30 January 02:12 AM

Cryptocurrencies Won't Help Dictators Get Around Sanctions

According to Bloomberg, all the attempts made by authoritarian governments and dictators to get around Western sanction are vain. 

Publication date: 23 January 05:44 AM

U.S. DoE Predicts Oil Market Oversupply over the Next 2 Year

The United States Department of Energy doesn't believe in the OPEC+ deal and expects excessive supply in the global market over the next 2 years. In particular, the January short-term report released by the DoE confirms that. They say this is going to be long-term oversupply. 

Publication date: 16 January 11:46 AM

Brent Oil Is Getting Closer to $70/b, Provoking a Shale Storm

Brent oil has come close to $70/b. It’s interesting to note that Brent oil has reached this level for the first time since 2014. At the same time, international experts now seem to be overwhelmed by mixed feeling about that.

According to NordFX, ICE Brent futures (London) for March delivery cost $62,2/b after gaining 0,5% on that day and 3,1% since the start of the trading week. WTI futures cost $63,5/b after gaining 0,8% on that day.
Publication date: 11 January 11:59 AM

Investment Banks Make Controversial Oil Forecast for 2018

After the OPEC+ deal was extended not so long ago, several investment banks changed their predictions for the global oil prices in 2018. Bloomberg tried to compile those prediction into a single article. 

Publication date: 02 January 11:44 AM

CBOE Launches World’s First Bitcoin Futures

As promised, the CBOE launched the world's first Bitcoin futures on December 10th at 15 p.m. Central Standard Time (CST). The first BTC futures trading session started at 15000 USD/BTC. Within the first couple of minutes, there were 150 transactions processed. Over the first 20 minutes, the exchange rate increased up to 15940 USD/BTC. Lateronitwenttemporarilyupto 16600 USD/BTC.

Publication date: 11 December 02:26 AM

American Shale Oil Producers Enjoy OPEC+ Deal Extension

On the last day of November, the OPEC and several non-OPEC oil exporters met in Vienna to discuss the future of the global oil market during the OPEC summit. The summit ended with extending the OPEC+ deal until the end of 2018. Experts say this decision means the OPEC+ participants have lost the long-term oil war with American shale oil companies.

Publication date: 03 December 11:03 PM

OPEC Is Worried About U.S. Shale Oil Production Prospects

The OPEC is concerned that their American rivals producing shale oil may catch at the chance given them by the OPEC+ deal. The deal is aimed to cap oil production and restore the market balance in favor of higher oil prices. The OPEC+ agreement is likely to be extended during the forthcoming OPEC summit on November 30th in Vienna, Austria.

Publication date: 29 November 11:49 AM