Category OPEC

DOW Falls Short Of 20K; But Chances Are We Break Through Before Fridays Close; Some Bio-Pharma Stocks That Got Upgrades Today – Going Into 2017

DOW Falls Short Of 20K; But Chances Are We Break Through Before Fridays Close; Some Bio-Pharma Stocks That Got Upgrades Today – Going Into 2017 http://www.fortunascorner.com      The DOW failed once again to breach the 20K mark today; but, the prevailing opinion across Wall Street is this bull run still has legs, and we […]

Potential Takeover Candidates In The Technology Space; Oil Surges; Gold Tanks; Copper Riding On Expected Infrastructure Spending; What To Expect In Stocks For December

Potential Takeover Candidates In The Technology Space; Oil Surges; Gold Tanks; Copper Riding On Expected Infrastructure Spending; What To Expect In Stocks For December     http://www.fortunascorner.com       There were three articles in last weekend’s Barron’s, that I made no reference to because the length of my Sunday article would have been too long. […]

The Trump Rally Has Legs; Friday, December 1 — Non-Farm Payrolls At 0830 EDT On The Number Of Net New Jobs Created In The U.S. In Month Of November; Fed Rate Hike In December All But Certain

The Trump Rally Has Legs; Friday, December 1 — Non-Farm Payrolls At 0830 EDT On The Number Of Net New Jobs Created In The U.S. In Month Of November; Fed Rate Hike In December All But Certain www.fortunascorner     I hope all of you enjoyed the Thanksgiving holiday and got some quality time with […]

Saudi Oil Shipments To Egypt Halted Indefinitely, Egyptian Officials Say

http://www.reuters.com/article/us-egypt-saudi-oil-idUSKBN1320RQ?utm_campaign=Brookings+Doha+Center&utm_source=hs_email&utm_medium=email&utm_content=37229687 COMMODITIES | Mon Nov 7, 2016 | 1:12pm EST Saudi Oil Shipments To Egypt Halted Indefinitely, Egyptian Officials Say A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016, an exhibition and conference for the refining and petrochemical industries, in Manama, Bahrain, September 27, 2016. REUTERS/Hamad I Mohammed Saudi Arabia […]

Saudi Arabia Has Ways To Hit Back At 9/11 Lawsuit Effort

Saudi Arabia Has Ways To Hit Back At 9/11 Lawsuit Effort bigstory.ap.org · by AYA BATRAWY DUBAI, United Arab Emirates (AP) – Saudi Arabia and its allies are warning that U.S. legislation allowing the kingdom to be sued for the 9/11 attacks will have negative repercussions. The kingdom maintains an arsenal of tools to retaliate with, including […]

Apple, Energy, Drag Down Stocks; Twitter Rises On Buyout Rumors; Post Monday Night Debate Usually A Loser For Stocks

Apple, Energy, Drag Down Stocks; Twitter Rises On Buyout Rumors; Post Monday Night Debate Usually A Loser For Stocks www.fortunascorner.com     Stocks closed near session lows Friday, something that usually does not bode well heading into a new trading week.  Heading into last week, traders and institutions were worried that the Fed might raise […]

International Concern Mounts Over Venezuela

International Concern Mounts Over Venezuela Agence France-Presse 4:12 p.m. EDT May 21, 2016 (Photo: Juan Barreto/AFP via Getty Images) 883 CONNECTTWEET 129 LINKEDIN 4 COMMENTEMAILMORE CARACAS — International concerns are mounting over the economic and political crisis in Venezuela, where the military on Saturday was holding a second day of exercises ordered by embattled President Nicolas […]

Saudi Financial Crisis ‘Could Leave Oil At $25’ As Contractors Face Being Paid In IOUs

http://www.telegraph.co.uk/business/2016/05/22/saudi-financial-crisis-could-leave-oil-at-25-as-contractors-face/ Saudi Financial Crisis ‘Could Leave Oil At $25’ As Contractors Face Being Paid In IOUs While crude prices have rallied 80pc to almost $50 a barrel since mid-February, this has not yet been enough to ease Saudi Arabia’s financial crunch Ambrose Evans-Pritchard 22 May 2016 • 8:40pm Saudi Arabia faces a vicious liquidity squeeze as […]

Where Oil Prices Go From Here; Goldman Sachs Says “Oil Market Has Ended Almost 2yrs. Of Oversupply & Flipped To A Deficit’

Where Oil Prices Go From Here; Goldman Sachs Says “Oil Market Has Ended Almost 2yrs Of Oversupply & Flipped To A Deficit’   www.fortunascorner.com        Pulitzer Prize-winning author, and Vice Chairman of the global consulting firm IHS, has an Op-Ed in this morning’s (May 16, 2016) Wall Street Journal on what the future […]

The 30-Year-Old Saudi Revolutionary

 http://www.wsj.com/articles/the-30-year-old-saudi-revolutionary-1462919911  The 30-Year-Old Saudi Revolutionary Mohammed bin Salman, deputy crown prince, is pushing an agenda of social and economic change. By Karen Elliott House May 10, 2016 6:38 p.m. ET It is testing time for the House of Saud. Until last year, the monarchy had been treading water for half a century under the leadership […]