Amid supply disruptions in Libya and strengthening expectations of an OPEC production cut extension, the Energy Information Administration reported commercial oil inventories in the U.S. had gone up by.. OilPrice.com
Lower than expected US inventory growth, declining supplies from Libya and hopes the Organisation of the Petroleum Exporting Countries (Opec) will extend output cuts have pushed oil prices to extend.. City A.M.
Mar.29 -- Woodside Petroleum CEO and Managing Director Peter Coleman discusses OPEC's production cuts and his outlook for the price of oil. He speaks with Bloomberg's Stephen Engle at.. Source: Bloomberg Global Business -
Mar.27 -- Dan Dicker, president at MercBloc, talks about the market impact of OPEC's production cut, the weight of the Saudi Aramco IPO, and Russian cooperation with OPEC. He speaks on "Bloomberg.. Source: Bloomberg Global Business -
Mar.26 -- Eurasia Group Founder and President Ian Bremmer discusses his outlook for OPEC production cuts and discusses the Saudi Arabian economy. He speaks on "Bloomberg Markets: Middle East." Source: Bloomberg Global Business -
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 -
Two-hundred and nineteen years to the day after the washing machine was patented, oil prices are continuing to spin around support at the $48 level. As buying interest returns today ahead of the weekly.. OilPrice.com
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
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
SINGAPORE (Reuters) - Oil prices rose early on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, and as strong demand was seen to slowly erode a global.. Reuters
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.
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. invasion, Iraq was exempt from OPEC’s production.. OilPrice.com
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
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
Nigeria could lose its exempt status in the OPEC oil production cut deal, as it restores its daily output to levels last seen before militant attacks on infrastructure in the Niger Delta began. For the.. OilPrice.com
OPEC and the U.S. continue to fight for dominance in the global oil market. The battle has been recently been defined by OPEC’s production cuts, but new U.S. shale production has been countering.. OilPrice.com
Time is of the essence. If you fail to comprehend future market conditions and fail to steer the ship in the right direction, it can lead to disaster. This is what we have learned during the past few.. OilPrice.com
Russia’s crude oil output dropped in February to some 11.10 million bpd from 11.11 million bpd in January and from the more than 11.20 million bpd in October last year – the reference level for.. OilPrice.com
U.S. oil production continues to rise, threatening to offset much of the output reductions from OPEC, and yet again pushing out the time horizon for the oil market balancing. There is a growing.. OilPrice.com
Oil prices hit the wall once again on Tuesday as traders believe that increased U.S. shale output could offset OPEC output cut gains. (Click to enlarge) (Click to enlarge) Chart of the Week (Click to.. OilPrice.com
Crude is easing lower on this last day of February, as other sources are endorsing what we said last week - that OPEC production and exports are on the rise. As gasoline weakness leads the complex.. OilPrice.com