Oil Resurrection Sets Stage for Another OPEC-Shale Clash in 2018
OPEC cuts drive price gain as threat of U.S. output persists WTI, Brent up more than 11% this year; set for 2nd annual gain Oil’s revival from the biggest crash Continue Reading
Oil Market Will Rebalance By March: Iraqi Minister
With what has now become habitual optimism, the Iraqi oil minister, Jabar al Luaibi, said he expected the global oil market to rebalance by the end of the first quarter Continue Reading
2018 Could See The OPEC Deal Collapse
The OPEC extension keeps the oil market on track to balancing at some point next year, but if the group overshoots on tightening, OPEC members could begin cheating, potentially leading Continue Reading
Oil producers to discuss exit plans from cuts once market near balance: Russia
Oil producers will discuss an exit strategy for their deal on cutting output once the market moves closer towards being balanced, Russian Energy Minister Alexander Novak said in remarks published Continue Reading
Russia backs gradual, managed exit from oil cuts with OPEC
OPEC and Russia will exit from oil production cuts very smoothly, possibly extending the curbs in some form so as not to create any new surplus in the market, the Continue Reading
OPEC starts working on oil supply cut exit strategy: sources
OPEC has started working on plans for an exit strategy from its deal to cut supplies with non-member producers, two OPEC sources said, a sign that an eventual winding down Continue Reading
Goldman Says ‘Stellar’ Demand May Fast-Forward OPEC’s Exit
Global oil inventories will have re-balanced by mid-2018 Backwardation forecast to strengthen further in second quarter OPEC’s desire to clear the global oil inventory overhang may come sooner than expected, Continue Reading
Fracking Puts Pressure on OPEC’s Bottom Tier
Regarding Walter Russell Mead’s “ Fracking Our Way to Mideast Peace ” (op-ed, Dec. 12): While the general sentiment is correct that American energy independence frees American foreign policy, it Continue Reading
Coal demand falling, IEA says
Global coal demand is on a clear decline and its share in the power mix is on pace to fall to the lowest level since record-keeping began, the IEA said Continue Reading
Key Pipeline Closure Amplifies OPEC’s Efforts
But this time, it’s not the usual suspects of Libya, Nigeria, or Iraq. It’s a shutdown of a major oil pipeline in the North Sea, which is expected to last Continue Reading