Recent Articles by Adam Button

8 hours ago | November 27th, 2014 18:35:48 GMT

Venezuela kicking and screaming after OPEC maintains quotas


Venezuelan foreign minister Ramirez doesn’t sound happy as he speaks to state TV after today’s OPEC decision. Fair oil price is $100/barrel Venezuela will continue to seek a ‘fair’ oil price Will maintain contact with non-OPEC countries

11 hours ago | November 27th, 2014 15:35:48 GMT

OPEC doesn’t even pledge to tighter compliance


A WSJ earlier in the week, citing sources, said a compromise at the OPEC meeting may include producers pledging better compliance with current quotas. The statement doesn’t mention anything like that, although I’m not sure that’s a huge surprise because … Continue reading

11 hours ago | November 27th, 2014 15:27:36 GMT

Russia warns of long-term weakness in oil prices


Russia’s finance minister says Russia’s budget policy should be adapted to oil prices that could stay low for a long time. Russian officials also said oil at $80 in the coming years is moderately optimistic.

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