Nothing in the market is more important than oil prices. But the biggest player in the oil market isn't who you think.
By Ian Wyatt | Jun 9, 2011Oil prices jumped yesterday after the latest OPEC meeting in Vienna fell apart with no agreement about production increases.
I don't think it's any coincidence that Saudi Arabia's desire for increased production was not endorsed by Iran or Venezuela. Neither country is exactly America-friendly.
By Ian Wyatt | Jun 7, 2011
There is a budding divergence between economic data and corporate forecasts. We
By Ian Wyatt | Mar 1, 2011
It's not news to most Americans, but CNN columnist Paul R. La Monica today wrote that oil prices are too high.
La Monica stopped just short of blaming speculators, but did make it clear that many analysts and oil CEOs believe that Saudi Arabia has plenty of excess capacity to more than make up for any problems with Libyan supply.
He also doubted that the uprisings in the Middle East-North Africa (NEMA) region will spread to Saudi Arabia or Iran.
But energy analysts like Gregor Macdonald noted the opposite likelihood
By Ian Wyatt | Dec 9, 2010
OPEC meets in Ecuador this week. And with oil's recent advance to $90 a
barrel coinciding with an increase in consumer spending, the main topic of
conversation for OPEC officials will be whether to increase supply to
offset rising oil prices.