Key oil terminal closed in Libya over protests
Aug 15, 2017 11:17 am UTC| Commentary
Oil price is finding support as the news came out that a key oil terminal in Libya is closed over protests. While Libya is relatively a small producer within the OPEC and currently exempted from the OPEC production cut...
Saudi Crown Prince favors Aramco's listing on NYSE
Aug 14, 2017 11:21 am UTC| Commentary
Key global exchanges are fighting a battle to secure the listing of worlds biggest IPO next year; Saudi oil market giant Aramco. While Londons Financial Conduct Authority (FCA) is looking to amend and bend the current...
Oil in Global Economy Series: Key highlights from IEA MOMR
Aug 14, 2017 11:04 am UTC| Commentary
According to the monthly oil market report (MOMR), released by the International Energy Agency (IEA), IEA revised demand growth for 2017 to 1.5 million barrels per day from 1.3 million barrels per day. Growth is...
Aug 14, 2017 10:36 am UTC| Commentary
In May this year, OPEC producers and 11 participating non-OPEC countries including Russia formally ratified the agreement first drafted last November to cut supplies by 1.76 million barrels per day for an extension. The...
Oil in Global Economy Series: US operating rigs rise for 27th time in 30 weeks
Aug 14, 2017 09:35 am UTC| Commentary
Last weeks report from Baker Hughes shows that operating oil rigs rose for the 27th time in 30 weeks. The increasing numbers of operating rigs, as well as increasing production, have been raising concerns that the U.S....
Oil in Global Economy Series: OPEC July deal compliance review
Aug 11, 2017 06:34 am UTC| Commentary
In November last year, when OPEC members agreed to cut production for the first time since the Great Recession, it was welcomed with great optimism and oil price jumped more than 20 percent, from $45 per barrel to as high...
China’s oil imports in July decline to 7-month low
Aug 10, 2017 11:21 am UTC| Commentary
One of the key bullish factors for oil has been the higher demand from China. China has surpassed the United States to become worlds largest importer of crude oil as increasing shale oil output in the United States reduced...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight