Highlights (13 February 2019) Our global demand estimate for 2018 is unchanged. Growth in 4Q18 was robust at 1.4 mb/d y-o-y and for 2018 as a whole growth was 1.3 mb/d.China (0.44 mb/d), India (0.21 mb/d) and the Continue Reading
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the Continue Reading
Crude quality rather than quantity will be an important issue moving forward, the International Energy Agency said Wednesday, adding that the global market may be able to adjust to the Continue Reading
In an oil market already tighter on heavy crude grades due to OPEC’s production cuts and U.S. sanctions on Iran’s oil, refiners now face an even tighter supply of heavy Continue Reading
Occidental Petroleum Corp on Tuesday reported a quarterly profit that beat analysts’ estimates, helped by a surge in Permian basin production and higher realized prices for its crude. Production from Continue Reading
The world’s two biggest energy exchanges have taken their fierce rivalry to Houston, Texas in pursuit of business linked to the millions of barrels of shale oil arriving in the Continue Reading
Forecast Highlights Global liquid fuels Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January Continue Reading
The state of Texas now has even more bragging rights in the U.S. Oil Patch, and even globally According to a new report from the Texas Independent Producers Royalty Owners Continue Reading
The OPEC-led production cut agreement, output restraints in Canada, and sweeping new sanctions on Venezuelan crude flows will not be enough to offset US supply growth, which will keep Brent Continue Reading
The rise of U.S. tight oil production over the last several years has upended the oil market and challenged OPEC’s hold on oil prices. This seemingly relentless growth in U.S. Continue Reading
