Succumbing to market pressure, crude producers' group OPEC and its 10 non-OPEC allies intervened to deepen their ongoing output cuts of 1.2 million barrels per day (bpd) by another 500,000 bpd on Friday (December 6) following the conclusion of their meeting of ministers in Vienna, Austria. In a surprise for the market, OPEC revealed that bulk of the burden will largely fall on Saudi Arabia's shoulders, with the kingdom announcing it would cut "voluntarily" ...
Apple announced a slew of new services at its event on Monday, including the Apple Card, a credit card that Apple is offering in partnership with Goldman Sachs and Mastercard. In this note, we take a look at what the new card could mean for Apple’s growing services business using Trefis data. more...
The long-term trend in oil is down and it has been since the pre-recession peak up near 150 in early 2008. Since then, it's been unable to move higher than that top. The direction of the line connecting that 2008 peak with the lower 2013/2014 peaks is unmistakably downward. The uptrend line connecting the low in 2016 to the 2017 low has been broken. Oil has closed below that trend line for 2 weeks in a row now -- and it's back inside the ...
With Wall Street in "Full Panic Mode" Apple dropped nearly 9% and John Archer bought more. After yesterday's earnings call, Apple is trading over $176, up almost 9% since Friday's close providing a master class in how to be a great investor. more...
Americans should prepare for higher gasoline prices this summer, and higher oil prices are largely to blame. There are two major decisions in the next few months that will likely set the tone for oil markets for the rest of 2018 and into 2019. The first is President Trump’s May 12 decision about recertifying the Iran nuclear deal. The President may, at that point, decide to re-impose sanctions on Iran. There are some indications that he ...
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