Russian Energy Minister Alexander Novak said on Thursday that there are risks for global oil markets from the political crisis in Venezuela, yet there are no proposals to reverse the Continue Reading
The American Petroleum Institute (API) reported a small crude oil inventory draw of 998,000 barrels for the week ending February 8, close to analyst expectations that predicted a build in Continue Reading
Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member, Saudi Arabia said it would reduce its Continue Reading
Oil prices rose on Tuesday afternoon as Saudi Arabia pledged deeper cuts in March while its biggest partner in the deal, Russia has failed to commit to its part of Continue Reading
Following an optimistic start to the year and the best January ever for oil prices, hedge funds and other money managers began the month of February more cautiously as fears Continue Reading
Larger-than-expected production cuts by some major oil suppliers and falling seasonal crude inventories due to growing demand are set to push up oil prices, Goldman Sachs said. The U.S. bank Continue Reading
Highlights (13 February 2019) Our global demand estimate for 2018 is unchanged. Growth in 4Q18 was robust at 1.4 mb/d y-o-y and for 2018 as a whole growth was 1.3 mb/d.China (0.44 mb/d), India (0.21 mb/d) and the Continue Reading
It has now been over two months since Qatar made the decision to leave OPEC , with many analysts providing informed views on Qatar’s future energy strategy. This article aims Continue Reading
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the Continue Reading
Crude quality rather than quantity will be an important issue moving forward, the International Energy Agency said Wednesday, adding that the global market may be able to adjust to the Continue Reading
