Home / news / “Wall Street Journal” declare : OPEC Meets With Oil Traders—Energy Journal

“Wall Street Journal” declare : OPEC Meets With Oil Traders—Energy Journal

collected by :Maolly Tony

As it stated in

Send us tips, suggestions and complaints:EnergyJournal@wsj.com Sign up for this newsletter: http://on.wsj.com/EnergyJournalSignup OPEC SOUNDS OUT WALL STREET As the curtain rises on the second day of CERAWeek, the premier American energy conference, oil producers have been undertaking a listening tour with big financial players, […] Here’s your morning jolt of news, insight and analysis on the global energy business.

As it stated in

Investors should not fall prey to “wishful thinking that OPEC or the kingdom will underwrite the investments of others at our own expense and long-term interests,” Khalid al-Falih…
HOUSTON—Saudi Arabia’s energy minister said Tuesday that the Organization of the Petroleum Exporting Countries will continue to be the world’s “only catalyst” for stabilizing oil prices, but he warned that the group won’t take steps to bail out the market.

Saudi Energy Minister Says OPEC Will Remain Stabilizing Force for Oil Prices*/

As it stated in

Oil Prices Rise On OPEC Compliance Data And Plunging Dollar

Oil Prices Rise On OPEC Compliance Data And Plunging Dollar*/

(Click to enlarge)2) We’ve discussed Angolan flows in recent weeks, and how they are rebounding of late after reflecting full compliance of the OPEC production cut in January.
Hark, here are five things to consider in oil markets today:1) Indications continue to point to non-compliance of production cuts from OPEC members.
As our ClipperData helps illustrate below, OPEC sends mostly light crude into Asia (>70 percent).
Crude prices are getting up off the canvas after being knocked down yesterday, helped up by a falling dollar ahead of lots of Fedspeak.
That said, rising renewable generation from both wind and solar in the Lone Star State are set to increase going forward.

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