Nobody Agrees When Oil Market Will Re-Balance After OPEC Deal
The first half. No, the second. Certainly this year. Or next. That’s the range of views you’ll hear if you ask the International Energy Agency, OPEC, Saudi Arabia and the Continue Reading
OPEC supply still opaque despite more data: Petro-Logistics
OPEC’s first supply cut deal in eight years came as good news for a Swiss family business founded by an economics analyst who once helped the then Rhodesian government procure Continue Reading
OPEC, Russia Deal Will Trim Crude Inventory, But May Not Sustain Oil Prices
Even if OPEC complies with its production cut targets, depending on natural crude production declines in non-OPEC countries won’t remove enough crude inventory to reset the market, analysts say. Although Continue Reading
OPEC Deal Tests Oil Majors’ Appetite for Risk and Reward
Investors remain cautious on spending after a two-year slump OPEC’s deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and Continue Reading
Iraq boosts oil sales to China, U.S., India before OPEC supply cuts bite: sources
Iraq is selling more crude oil to its biggest customer, China’s Unipec, people familiar with the matter say, digging a deeper foothold in the global supply market just before production Continue Reading
OPEC points to larger 2017 oil surplus, unless cuts implemented
OPEC pointed on Wednesday to a growing oil supply surplus next year unless members implement their deal to curb output from record levels and outside producers also deliver on cutback Continue Reading
OPEC Threatened by Tiny Oklahoma Town With Soaring Supplies
For OPEC, there are few enemies more fearsome than the tiny Oklahoma town of Cushing. With oil inventories at Cushing creeping near an all-time high, U.S. benchmark futures prices are Continue Reading
Oil demand to grow more swiftly, too early to assess global output cut
Global oil demand will rise more strongly than expected next year, although it is too soon to assess fully the impact of a joint cut in supply by the world’s Continue Reading
OPEC Deal Will Create Oil-Supply Deficit in First Half, IEA Says
Global oil markets will swing from surplus to deficit in the first half of 2017 as OPEC and other producers follow through on an agreement to cut supply, according to Continue Reading
OPEC Pumped At Record High as Cartel Agreed Output Cut, Says IEA
OPEC pumped at record high levels in November posing a challenge to the petroleum cartel’s… OPEC pumped at record levels in November, a top energy watchdog said Tuesday, posing a Continue Reading