OPEC

Crude oil prices are trying to stabilize after the record-breaking session yesterday as traders are coming to grips on an attack of Saudi oil fields and processing plants.
The weekend attack on the Saudi Arabian oil facilities over the weekend is historic and changes the complexion of risk going forward. Oil prices hit the 7% circuit break on the night session paused and went higher as the market tries to adjust to the biggest supply outage in history. 
What is the best way for the global oil market to handle the potential return of Iranian oil supply? The best way would be to cut a deal with China.
Oil prices reversed course even after a very bullish oil inventory number as the market is now adjusting to the potential return of Iran to the global oil market.
Oil prices bolted downward after a report that National Security Adviser John Bolton was fired or quit. The move came quickly as traders assumed that the departure of the Iran hawk Bolton would open the door to negotiations with the President of Iran.
Oil is on the verge of an upside breakout as the oil trade is expecting that, at the very least, OPEC plus Russia will continue with production cuts at its Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) meeting on Thursday.
Oil traders get ready for the meeting of the Joint Ministerial Monitoring Committee this week. The odds are that Prince Abdulaziz bin Salman will be working on Russia and other OPEC members to secure a big production cut to put a floor under oil once and for all.
Oil prices gave up some of its fundamental strength after a very bullish Energy Information Administration (EIA) supply report on fears that Hurricane Dorian will adversely impact oil demand as we head into refinery maintenance season.
Oil prices want to rally on scheduled U.S. China trade talks but are hesitant to add to yesterday’s gain after a bearish American Petroleum Institute (API) report. 
Oil prices got hammed as Hurricane Dorian is expected to destroy demand and wreak havoc with U.S. oil and product inventory data. Our prayers are with those in the Bahamas.