Crude Market Firm Ahead of Jan 12-13 Informal OPEC Meet

On Nov 30th, during OPEC’s 171st meeting in Vienna, an agreement was reached to reduce output by 1.20 Mb/D to a ceiling of 32.5, for monthly oil production out of the cartel. Later, at a joint Non-OPEC meeting, Russia has pledged to cut supply by 0.56 Mb/D, in-line with the OPEC’s requirements for coordinated efforts … Read moreCrude Market Firm Ahead of Jan 12-13 Informal OPEC Meet

Research Focal Points: All Eyes on Dec 4th OPEC Meeting

The 12 national OPEC ministers meet this December 4th in Vienna for the 168th (Ordinary) OPEC conference and it is likely to be an unpleasant meeting as tensions between member nations and Saudi Arabia mount on over-supply concerns. Indonesia’s OPEC membership will likely become formalized at the meeting. Analysts widely expect the target to remain … Read moreResearch Focal Points: All Eyes on Dec 4th OPEC Meeting

RESEARCH FOCAL POINTS: HOPES FOR OPEC DEAL DWINDLE ON PRE-MEETING COMMUNICATIONS

The Organization of the Petroleum Exporting Countries (OPEC) is scheduled to meet on Nov 30th to discuss the deal set last time around in Algiers. The prospective deal, as discussed at the 170th OPEC (Extraordinary) meeting, was for an OPEC-14 production target of 32.5-33.0 Mb/d in order to, “…accelerate the ongoing drawdown of the stock … Read moreRESEARCH FOCAL POINTS: HOPES FOR OPEC DEAL DWINDLE ON PRE-MEETING COMMUNICATIONS

FED WATCH: A Wait-and-See Line Expected at June 15th FOMC Interest Rate Meeting

The odds for an interest rate hike at the Fed’s June 15th meeting have come off significantly on the back of weak economic data out of the US. The Fed has outlined a “very gradual” glide path for interest rates going forward and explained the overarching dependence of upcoming rate action on incoming economic data, … Read moreFED WATCH: A Wait-and-See Line Expected at June 15th FOMC Interest Rate Meeting

FED WATCH: Fed Doves Tip Hat and Yellen Proceeds Cautiously

The Fed held rates at 25-50 bps at its March 16th FOMC meeting. The street was calling for a rate pause, despite firm economic data lately, though most market participants nodded to the appearance of the some hawkish rhetoric in both in the press conference, accompanying statement, and Fed projections (“the dots”). Markets were taken … Read moreFED WATCH: Fed Doves Tip Hat and Yellen Proceeds Cautiously

Research Focal Points: Gold Trends as Fed Hike Cycle Kicks Off

Gold Investors have been shortchanged for the past several years, as the bullion has taken a dive from the $1920.80 highs, put in place in 2010, all the way down to the $1061.00 lows set earlier in 2015. A bevy economic events have placed pressure on the yellow metal. Tough measures by the India’s government … Read moreResearch Focal Points: Gold Trends as Fed Hike Cycle Kicks Off

Research Focal Points: Crude Fades as Rumor-mill Goes Dark and Prospects for Output Ramp Escalates

Last week Crude Oil has rebounded to $34.40 from the $27.56 lows set in late January on the back of rumors of a 5% cut in oil production to be discussed at an emergency OPEC meeting that was to take place in March or as early as February. The 25% pop is likely to be … Read moreResearch Focal Points: Crude Fades as Rumor-mill Goes Dark and Prospects for Output Ramp Escalates

Research Focal Points: All Eyes on Dec 4th OPEC Meeting

The 12 national OPEC ministers meet this December 4th in Vienna for the 168th (Ordinary) OPEC conference and it is likely to be an unpleasant meeting as tensions between member nations and Saudi Arabia mount on over-supply concerns. Indonesia’s OPEC membership will likely become formalized at the meeting. Analysts widely expect the target to remain … Read moreResearch Focal Points: All Eyes on Dec 4th OPEC Meeting

FED WATCH: December Hike Odds Edge Higher Alongside “Gradual Pace” Language for First Dove-Hike

The FOMC’s minutes, released on Wednesday 2:00 (ET) showed that the majority of Fed members felt that a Dec hike is appropriate and that the US economy could, now, withstand higher interest rates. However, a few members felt that the hard economic data indicates that the criteria for a hike may not have been met, … Read moreFED WATCH: December Hike Odds Edge Higher Alongside “Gradual Pace” Language for First Dove-Hike