Estimate rises 110,000 barrels a day to almost 500,000 a day Russian output is likely to lead the increase, agency says The International Energy Agency increased its estimate of oil Continue Reading
Should Opec fail to make output cuts and production from outside the cartel keeps rising, 2017 could be another year of “relentless” global supply growth, the International Energy Agency said Continue Reading
Permian oil rig Just as oil prices really started to pick up steam, the IEA had to spoil the party. The Paris-based energy agency said on Tuesday that the oil Continue Reading
Global oil supply rose by 0.6 mb/d in September, with non-OPEC up nearly 0.5 mb/d on higher Russian and Kazakh flows and OPEC at an all-time high.World oil output of Continue Reading
Global oil supply could fall into line more quickly with demand if OPEC and Russia agree to a steep enough cut in production, but it is unclear how rapidly this Continue Reading
Group’s output likely to hover near record highs until Nov. OPEC has ‘effectively abandoned its free market policy’ Oil supply and demand could come back into balance earlier than expected Continue Reading
Brent crude hit one-year high on Saudi-Russia oil pledge Prices should be determined by supply and demand: IEA’s Birol Crude prices of $60 a barrel would probably trigger a strong Continue Reading
A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of Continue Reading
A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of Continue Reading
Faltering Asian demand has weighed on consumption this quarter Market set for fourth year of surplus as Gulf OPEC pumps more The surplus in global oil markets will last for Continue Reading
