Crude market re-balancing at a ‘quickening pace’: Barkindo U.A.E.’s Mazrouei sees 2018 as ‘recovery year’ for oil price The oil market is re-balancing at a quickening pace and production cuts Continue Reading
The oil market is rebalancing at an accelerating pace, as global levels of oil inventories have fallen visibly and demand for oil is robust, OPEC Secretary-General Mohammad Barkindo said on Continue Reading
United Arab Emirates energy minister Suhail bin Mohammed al-Mazroui said on Monday that he saw no need for global oil producers to delay beyond their meeting later this month a Continue Reading
Despite the recent market rally and current bullish streak in oil prices, the years-long competition for market share between OPEC and U.S. shale producers shows no sign of abating, and Continue Reading
OPEC is declaring victory in its efforts to rebalance supply and demand and bring the oil market back to stability—its favorite proxy buzzword for less volatile and relatively high oil Continue Reading
UAE Energy Minister Suhail bin Mohammed al-Mazroui said that oil producers will have little difficulty taking a decision later this month about extending a global output deal, he was quoted Continue Reading
OPEC pumps 32.57 mil b/d in Oct, down 90,000 b/d from Sep: Platts survey Iraq oil output falls to six-month low on Kurdistan outages Nigeria, Algeria, Venezuela also post steady Continue Reading
Brent prices hit $60 a barrel 10 days ago and have maintained that level ever since, sparking talk that this could be the new floor under oil prices and that Continue Reading
A rapid adoption of electric vehicles could cause world oil demand to reach a plateau in the second half of the 2030s, OPEC said in a report, a potential setback Continue Reading
OPEC . The annual release of the bloc’s World Oil Outlook points out that if just a quarter of the world’s cars run fully on batteries, demand would plateau at Continue Reading
