From casual observation, one might be forgiven for referring to the OPEC production cut in place since November 2016 as the “Saudi production cut.” That’s because Saudi Arabia, OPEC’s leading.. OilPrice.com
Oil prices fell to four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June.
The American.. Business Insider
Mar.22 -- OCBC Commodity Economist Barnabus Gan discusses his outlook for the price and production of oil and talks about OPEC and U.S. oil inventories. He speaks on "Bloomberg Markets: Middle East." Source: Bloomberg Technology -
With Saudi Arabia scrambling to respond to surging US shale production in what many analysts warn is a lose-lose decision, as either Saudi Arabia will lose market share under the current status quo, or.. Zero Hedge
Crude prices are coming under selling pressure once again, as oversupply concerns dwarf OPEC production cut expectations. As equity markets join oil prices in charging lower, hark, here are six things.. OilPrice.com
Gasoline Imports Into Latin America to Stay Strong in 2Q17
New York, New York (PRWEB) March 21, 2017
NYC-based PIRA Energy Group reports that gasoline imports into Latin America to stay strong in.. PRWeb
The Organization of Petroleum Exporting Countries made a smart move to limit production, but the move has had some unforeseen effects, according to Goldman Sachs analysts.
In November, some OPEC.. Business Insider
Authored by Nick Cunningham via OilPrice.com,
If OPEC fails to agree to extend their production cuts for another six months, *Iraq could be a major reason why.*
For many years after the 2003 U.S... Zero Hedge Also reported by •OilPrice.com
Oil prices have edged lower by more than one per cent today while a new report suggests Opec's production cuts are unlikely to bump prices above $60 a barrel this year.
Global benchmark Brent crude.. City A.M.
During a week that saw WTI crude prices erase all post-OPEC-production-cut-deal gains, after the Saudis admitted 'cheating' (but rapidly back-pedalled), *oil speculators added almost 80,000 contracts.. Zero Hedge
One of the key components of last year’s OPEC production deal was the proviso that the Islamic Republic of Iran could continue increasing production by several hundred thousand bpd, until it had.. OilPrice.com
It is quadruple witching day in the markets today, and accordingly, oil prices are scared stiff, hardly budging. Despite it being St. Patrick's Day, prices are struggling to stay in the green, as.. OilPrice.com
The one OPEC producer that has been furthest off target to cut oil output as per the cartel’s deal—Iraq—is now claiming that the agreement implied that exports, rather than production, should be.. OilPrice.com
West Texas Intermediate crude oil trades up 2.1%, or $0.98, at $48.70 per barrel. Wednesday's rise comes following the International Energy Agency's latest commentary on the state of the oil.. Business Insider
LONDON (Reuters) - Global oil inventories rose for the first time in six months in January, despite OPEC's production cuts, but if the group maintains its output limits, the market may tilt into.. Reuters India
All data below is in thousand barrels per day and is through February 2017. (Click to enlarge)OPEC crude oil production dropped to 31,958,000 bpd in January. That was a drop of 140,000 bpd. In January.. OilPrice.com