OPEC

OPEC's War Against Shale Is Far From Over

Despite the recent market rally and current bullish streak in oil prices, the years-long competition for market share between OPEC and U.S. shale producers shows no sign of abating, and will likely continue for the next several years at least.

Forget B.T.F.D., It's Time To B.U.T.T.

"Add all of this together, and for me, I get a bull story that is not reliant on every increasing liquidity from Central Bank quantitative easing programs. This is an honest to goodness cheap asset that finally has a catalyst. Call me naive to believe the market will finally appreciate this sort of play."

How Broke Is The House Of Saud?

"It all paints a very dark picture for the world... Russia won’t stand for attacks on Iran. And Iran won’t let attacks on Lebanon/Hezbollah go unanswered. All that is set to push up oil prices further, and all parties involved are just fine with that. Because they can buy more weapons with the additional profits."

Bank Stocks, Dollar Slide Hit By Fresh Tax Reform Doubts

U.S. equity futures are little changed as European and Asian shares retreated, led by sliding bank stocks and a drop in the dollar as doubts over republican tax cuts and ongoing bond curve flattening hurt sentiment and prompted fresh questions over the viability of the US expansion.

Did Oil Markets Overreact To The Saudi Purge?

The sudden turmoil in Saudi Arabia likely helped push oil prices to their highest level in two and a half years on Monday. However, the Saudi purge does not necessarily mean a change in oil policy. Saudi officials have been pushing for an extension of the OPEC cuts through the end of 2018, particularly as they prepare the IPO of Aramco.

Global Stock Meltup Sends Nikkei To 25 Year High

The global risk levitation continues, sending Asian stocks just shy of records, to the highest since November 2007 and Japan's Nikkei topped 22,750 - a level last seen in 1992 - while European shares and US equity futures were mixed, and the dollar rose across the board, gains accelerating through the European session with the EURUSD sumping below 1.16,

"A Classic Head Fake": Why One Trader Is Using The Saudi Turmoil To Sell Crude

"Crude prices jumped at the open Monday on largely irrelevant news from Saudi Arabia. It’s got the look of a classic head fake and may mark the final push higher before a correction. Crown Prince MbS was already perceived to be driving the country’s oil policy, so consolidation of his power shouldn’t result in any strategic shift. An extension of OPEC supply cuts is fully expected by the market..."

Dollar Rebounds, Futures Rise Ahead Of Surge In Payrolls

One day after the dollar slumped sharply on initial disappointment with the GOP tax plan, the greenback has rebounded ahead of a nonfarm payrolls report that is expected to show the US economy gained over 300,000 jobs in the post-hurricane rebound, and as investors reassessed the latest news on U.S. tax-cut plans. Stocks in Europe and Asia advanced, US equity futures were as usual in the green,