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All Eyes on OPEC as Global Glut Persists
Given the dire straits of OPEC countries’ fiscal situations, the cartel may ultimately take action at its meeting on November 30 to lift prices, a move that would hurt consumer countries. But a production cut isn't a forgone conclusion.

Suez Canal’s Hefty Tariff Increase Pushes Tanker Owners to Use Alternate Routes
The Egyptian government, in order to raise revenues, has increased taxes on ships that use the Suez Canal, but the move will likely backfire, as oil-at-sea volumes will find other routes to reach their destinations.

Traders Mixed on Outcome of Upcoming OPEC Meeting
OPEC, along with Russia, will take another stab at figuring out a strategy to support prices at an informal meeting in Algiers next week, and traders are split on what the outcome will be.

The Organization of Oil Trading Tweeters #OOTT Merges Powerful Data With a Culture of Openness
A number of traders have come together under the hashtag #OOTT, the Organization of Oil Trading Tweeters, to share oil news, events, and a public data set of tanker traffic and global oil trade flows that rivals some of the best proprietary market analytics.