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Goldman: Oil Glut To Return When OPEC Deal Expires

goldman: oil glut to return when opec deal expires
Authored by Nick Cunningham via OilPrice.com, *OPEC has agreed to extend its production cuts for another nine months in an effort to bring the oil market back into balance. *Keeping in place the 1.2..
Zero Hedge Also reported by •OilPrice.com

US crude set for worst day in three weeks despite Opec deal


FT.com

Videos for "Opec Deal"

News video: Wood Mackenzie's Dukes Says OPEC Didn't Do Deeper Cuts

Wood Mackenzie's Dukes Says OPEC Didn't Do Deeper Cuts 04:46

May.25 -- Wood Mackenzie Research Director R.T. Dukes weighs in on OPEC's deal to extend supply cuts. He speaks on "Bloomberg Daybreak: Australia."
Source: Bloomberg Global Business -

News video: Russia, Saudi Arabia Favor Extending OPEC Deal

Russia, Saudi Arabia Favor Extending OPEC Deal 04:41

May.14 -- Saudi Arabian Energy Minister Khalid Al-Falih discusses the OPEC oil production cuts, the success they've seen in the agreement and being in favor of extending the cuts.
Source: Bloomberg Technology -

News video: JPMorgan’s Kemery Says OPEC Deal Extension Is Likely

JPMorgan’s Kemery Says OPEC Deal Extension Is Likely 04:16

May.05 -- Ebele Kemery, portfolio manager at JPMorgan, discusses crude and gas stockpiles, and the outlook for OPEC. She speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."
Source: Bloomberg Technology -

News video: Why Oil Prices Have Tumbled to Lowest Since OPEC Deal

Why Oil Prices Have Tumbled to Lowest Since OPEC Deal 03:05

May.04 -- Bloomberg Intelligence's Mike McGlone explains why oil prices have tumbled to their lowest since the latest OPEC deal. He speaks with Bloomberg's Scarlet Fu on "Bloomberg Markets."
Source: Bloomberg Global Business -

 

Oil Prices Slip On OPEC Deal Disappointment

As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it hasn't worked so far...
OilPrice.com

Goldman Sachs predicts oil oversupply when Opec cuts are eventually lifted

goldman sachs predicts oil oversupply when opec cuts are eventually lifted
Opec today extended its production cuts for another nine months in an effort to bring the oil market back into balance. Keeping in place the 1.2 million barrels per day (mb/d) of OPEC cuts, plus the..
City A.M.

OPEC nearing deal to extend oil output cut to March 2018

By Ahmad Ghaddar, Alex Lawler and Vladimir Soldatkin
Sify

Iraq Could Make Or Break The OPEC Deal

The markets are betting that the OPEC extension is all but guaranteed after Saudi Arabia and Russia announced their intention to support a nine-month extension. Saudi energy minister Khalid al-Falih..
OilPrice.com

OPEC Deal: 9-Month Extension Looking Increasingly Likely

Markets are reacting favorably as OPEC hints at a 9-month extension of its production cut deal with the May 25 meeting just around the corner. (Click to enlarge) (Click to enlarge) (Click to enlarge)..
OilPrice.com

FACTBOX-Russian oil company output cuts under OPEC deal

Russia has pledged to lower oil production by 300,000 barrels per day (bpd) from the 11.247 million bpd it produced in October as part of a global deal aimed at reducing global stockpiles and..
DNA

Rosneft cuts oil output with an eye to ramping up again

"Restrictions (under the OPEC deal) are mainly applied to greenfields," Rosneft Chief Executive Igor Sechin told reporters last week, referring to newer oil fields.
DNA

Oil Prices Rise As Saudis Discuss OPEC Deal Extension With Iraq

Saudi Arabia’s Oil Minister Khalid al-Falih is meeting with Iraqi Oil Minister Jabar Ali al-Luaibi in Baghdad on Monday as OPEC’s de facto leader is trying to persuade fellow cartel..
OilPrice.com

Energy And Climate In 2017: Limited Volatility, Climate Implementation And Political Uncertainty – Analysis

The main factors likely to shape the energy and climate fields in 2017 are: a relatively contained volatility in the prices of oil and the implementation of increasingly ambitious climate policies in a..
Eurasia Review

Crude oil prices rise 1.04 pc on possible OPEC deal

Crude oil prices rose by 1.04 per cent to Rs 3,311 per barrel in the futures market today on speculative buying following positive cues from Asian markets.
DNA

OPEC Pushes Up Oil, But Will the Gains Continue?

Oil prices broke the $50 mark in trading on Friday, suggesting that the OPEC deal extension rumors are still influencing markets. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to..
OilPrice.com

OPEC May Extend, Deepen Cuts to Oil Output

An OPEC panel reviewing scenarios for next week’s policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said Friday. OPEC’s..
VOA News

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