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
The IEA said recent pillars of oil demand growth-China and India-are ‘wobbling.’ Above, an attendant… The International Energy Agency on Tuesday sharply cut its forecast for global oil demand for Continue Reading
Global oil demand growth is slowing at a faster pace than initially predicted. For 2016, a gain of 1.3 mb/d is expected – a downgrade of 0.1 mb/d on our Continue Reading
OPEC said Monday that crude-oil output from rival producers is turning out to be stronger than expected and will result in a bigger glut of petroleum than previously believed this Continue Reading
OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and U.S. shale drillers prove more resilient than expected to cheap crude, pointing Continue Reading
OPEC says a price near $60 will avoid added shale production Recently renewed talks of a production freeze among OPEC and some non-OPEC producers including Russia have helped to bolster Continue Reading
Libya also has right to increase production: Minister Bouterfa Algeria to host talks to stabilize oil market later this month OPEC and other producers can reconcile talks aimed at stabilizing Continue Reading
Another day, another set of headlines about who’s on first – and indeed, who’s even a player – in the latest iteration of a potential OPEC (Organization of the Petroleum Continue Reading
Algeria’s energy minister will meet his Saudi counterpart and OPEC’s secretary-general in Paris on Friday as part of moves towards clinching a global deal on stabilizing crude output to support Continue Reading
