OPEC’s Oil Deal has a Surprising Downside… for OPEC

by | published January 18th, 2017

On Monday, Saudi Aramco (Saudi Arabia’s giant national oil company) confirmed that it would abide by its production cuts under the Vienna Accord, OPEC’s deal to cut oil production.

The Saudi commitment is to lower its oil supply by 300,000 barrels a day, and the production action took effect with deliveries this month.

This latest announcement now allows the pact to extend into February.

The Vienna Accord was announced by OPEC on November 30 and marks the first time in years the cartel has taken such an action. Subsequent negotiations with non-OPEC producers, especially Russia, resulted in a breakthrough aimed at improving global crude oil prices by reducing supply.

With the other two leading OPEC producers – the United Arab Emirates and Kuwait – also meeting (or in the case of Kuwait exceeding) their required production cuts, the Accord now has a chance of extending the positive impact of rising prices.

But it does not come without a cost, in one region of the world in particular

The Little-Known Energy Sector That’s Now in Trump’s Crosshairs

by | published January 12th, 2017

The Environmental Protection Agency (EPA), for better or worse, has huge influence over the U.S. energy markets.

So President-elect Trump’s nomination of Scott Pruitt as the new head of the Environmental Protection Agency (EPA) is understandably grabbing a lot of headlines.

For one, Pruitt has made no apology for his adamant opinion that the EPA – the very agency he’s set to lead – should be abolished.

But amid all that, another, even more important EPA matters has been buried…

A whole market sector is at risk.

Here’s how you need to protect your portfolio…