OPEC, for some quiet moments..

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Saudi Arabia says its strategy of squeezing high-cost rivals such as US shale producers is succeeding, as the world's largest crude exporter seeks to reassert itself as the dominant force in the global oil market.

Saudi claims oil price strategy success

Oil bulls who’ve cheered a rebound of 40 percent from a six-year low should take heed: Unless demand accelerates, the rally is in danger. The omens aren’t good. The U.S. government expects global consumption to grow next year at less than half the rate of 2010, when the world was emerging from a previous recession. The growth is insufficient to close the gap with rising supply, according to Royal Dutch Shell Plc, Europe’s biggest energy producer.

Oil's Not Coming Back. Here's Why - Bloomberg Business

Once again, we wake up with markets reacting more to macro data versus fundamentals, Goldman Sachs reiterating its bearish call on oil, and the EIA back tracking on its data (again).

Why predictions for lower oil prices are wrong - Business Insider

In recent years, every time the specter of higher taxes reared its head, the refrain from the industry elite was that oil sands already operate on the edge of profitability. Any increase in costs, they argued, whether because of stiffer environmental rules or higher taxes, threatens future investment—and Alberta’s economy. For the most part, the conservatives listened. The election of the NDP has been enough to spook investors in Alberta oil companies. The day after the vote, the S&P/TSX Composite, an index of Canadian energy companies, had its worst plunge in three months. “Oil sands to me is public enemy No. 1 in the new premier-elect’s mind,” says Eric Nuttall, a Toronto-based fund manager at Sprott Asset Management. “The investment thesis in all of those stocks evaporated overnight.”

Alberta: Liberals’ Election Win Spooks Canada’s Oil Industry - Bloomberg Business