Oil in Global Economy Series: Swing producers in US remain major concern for oil bulls
Jan 25, 2017 06:40 am UTC| Commentary
The recent and sharp rise in U.S. crude oil production has forced the oil bulls to rethink their position and not to be overoptimistic on the production cuts from the OPEC and some N-OPEC producers, which is expected to...
Further 270 mln barrel decline in world oil stocks needed to rebalance markets - OPECs Barkindo
Jan 20, 2017 14:59 pm UTC| Commentary
Speaking on the sidelines of the World Economic Forum in Davos, OPEC Secretary General Mohammed Barkindo said that accelerated stocks drawdown would help rebalance the market and establish the equilibrium oil...
IEA keeps 2017 global oil demand growth forecast broadly unchanged
Jan 19, 2017 14:54 pm UTC| Commentary
The International Energy Agency (IEA) published their latest monthly oil market report on Thursday which said that global oil markets were tightening with demand rising and focus turning toward cuts promised by OPEC and...
Oil in Global Economy Series: Oil forward curve review
Jan 19, 2017 06:13 am UTC| Commentary
In a previous article, named, Oil in Global Economy Series: Watch the contango and backwardation in oil market dated 10th December and available at http://www.econotimes.com, we suggested to our readers that the...
Oil in Global Economy Series: Too short a deal
Jan 17, 2017 10:03 am UTC| Commentary
Last November OPEC members met in Vienna and finalized a production cut deal, followed by an N-OPEC meeting in December for another production cut deal, which would together wipe out as much as 1.758 million barrels per...
Global oil inventories likely to fall by Q2 2017, says OPEC Secretary-General Mohammed Barkindo
Jan 12, 2017 14:32 pm UTC| Commentary
OPEC Secretary-General Mohammed Barkindo, speaking to reporters on the sidelines of a conference said that OPEC expects to see global oil inventories fall by the second quarter of this year in response to producers...
Oil markets snap decline following news of Saudi supply cuts
Jan 11, 2017 15:07 pm UTC| Commentary
Saudi Arabia, the worlds top oil exporter, has told some of its Asian customers that it will reduce their crude supplies slightly in February. Oil markets snapped declines and edged higher for the first time in three days...
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