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OPEC

Russia Boosts 2017 Crude Oil Production To 30-Year High

Tyler Durden, OPEC’s crude production held steady in December as the group approached a fresh year of output curbs in full compliance with its supply deal. The 14 members of the Organization of Petroleum Exporting Countries pumped 32.47 million barrels a day, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data.

Oil prices fall as Iran crude tanker exports surge, U.S. adds more rigs

Oil prices fell on Monday as increased exports from Iran undermined efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th straight week. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $56.84 per barrel at 0535 GMT (00.35 a.m.

Oil Helping to Drive Markets

Dan Celia, I’ve found it laughable that over the past 13 months the Organization of Petroleum Exporting Countries (OPEC) has consistently talked about reducing production. Talk is basically all OPEC has done for more than a year in its feeble attempts to manipulate the markets and drive oil prices higher. We must remember that Saudi

Trump Rally Takes Wall Street to Historic ‘Superfecta’ High #MAGA

John Hayward, CNN Money made no bones about crediting the incredible post-election surge in the stock market to a “Trump rally,” as Wall Street hit the rare “superfecta”: all four major indexes closing at record highs on the same day. Many predicted stocks would plunge, or even crash, should Trump upset Hillary Clinton. Initially that did