Iraq isn’t towing the cartel line.

Canada, Brazil, Norway, and the UK are all adding to petrostates’ woes.

The recent crude “cost recalibration” is about much more than hydrocarbons.

Hint: it has to do with last year’s production.

The two countries will their commitment to production cuts until March 2018.

OPEC just increased its expectations for supply growth outside of the cartel by 64 percent.

Analysts think it will take at least another 18 months.

Today’s glut could lead to tomorrow’s supply shock.

High enough to keep them in the black, but not high enough to buoy shale producers too much. And we now know what it is.

Beijing has begun actively looking outside of the Middle East for its oil.