OPEC October Production Data
All data below is based on the latest OPEC Monthly Oil Market Report . All data is through October 2017 and is in thousand barrels per day. I have now Continue Reading
IEA: ‘Too Early to Write Obituary of Oil’
The world’s consumers are not yet ready to say goodbye to the era of oil. The world’s consumers are not yet ready to say goodbye to the era of oil, Continue Reading
Oil Prices Nosedive On Bearish IEA Report
The IEA lowered its demand forecast by 50,000 bpd in 2017 and 190,000 bpd in 2018, raising concerns that the oil market is actually not as healthy as it seems. Continue Reading
Don’t buy the tight-market hype, IEA says
Gains in oil production from countries outside of OPEC might be more than what’s expected for demand next year, the Paris-based International Energy Agency reported. File photo by Gary C. Continue Reading
US crude output set to rocket, says IEA
Growth in US oil output until 2025 will be the strongest seen by any country in the history of crude markets, making it the “undisputed” leader among global producers, the Continue Reading
IEA’s Shocking Revelation About U.S. Shale
The oil market is exhibiting signs of having reached a “new normal,” according to the IEA, with the floor for oil prices jumping from $50 to $60 per barrel. But Continue Reading
International Energy Agency – OMR
Higher prices and relatively mild early winter temperatures contributed to a downward revision to our demand forecast. Growth has been revised down by 0.1 mb/d for both 2017 and 2018 and we now see Continue Reading
Don’t Count On An OPEC Deal Extension
A year ago this week, markets reeled from the surprise election of U.S. president Donald Trump, and eagerly awaited OPEC’s November meeting as the last hope for an oil price Continue Reading
OPEC Sees Oil Demand Soaring In 2018
True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production… (Click to enlarge) … sharply raised Continue Reading
OPEC Points To Larger 2018 Oil Supply Deficit As Market Tightens
OPEC raises its forecast for demand for its oil in 2018 and says its deal with other producers to cut output was reducing excess oil in storage. LONDON, Nov 13 Continue Reading