Oil in Global Economy Series: US oil exports would top most OPEC members by 2020
Jul 11, 2017 10:19 am UTC| Commentary
PIRA Energy, which is a part of SP Global Platts and is widely followed by energy executives and hedge funds forecast that the oil exports from the United States would increase in such a fashion that it would topple...
Oil in Global Economy Series: OPEC confirms no deeper cuts in discussion
Jul 11, 2017 06:58 am UTC| Commentary
OPEC members, which along with other participating 11 non-OPEC countries including Russia have reduced global oil supply by 1.76 million barrels per day beginning this year are not eyeing for deeper production cuts to...
Oil in Global Economy Series: US operating rigs rebound by rising 24 times in 25 weeks
Jul 10, 2017 10:40 am UTC| Commentary
After the numbers of operating oil rigs declined in the previous week, the operating oil rigs posted a rise for the 24th time in last 25 weeks. The increasing numbers of operating rigs, as well as increasing production,...
Oil in Global Economy Series: Jobs data indicate renewed slowdown in US mining and energy sector
Jul 07, 2017 07:46 am UTC| Commentary
ADP jobs numbers released yesterday might be pointing to a renewed slowdown in the energy sector. This comes amid a slowdown in US crude oil production and a decline in the numbers of oil rigs operating in the United...
Oil in Global Economy Series: OPEC’s oil exports decline in June
Jul 05, 2017 06:47 am UTC| Commentary
Despite increasing production in Libya and Nigeria, which saw Mays production within OPEC rise by 336,000 barrels per day, the cartels exports in June declined compared to the month of May and was below the October 2016...
Oil in Global Economy Series: Libya’s oil production approaches 4-year high
Jun 30, 2017 10:43 am UTC| Commentary
In May, Libya surprised the financial market participants with a huge increase in production. We have been following the Libya story for quite some months now. The increase was well expected by many who have been following...
Oil in Global Economy Series: Goldman slashes oil price forecast
Jun 30, 2017 09:57 am UTC| Commentary
The US investment bank Goldman Sachs, which was trying to push a bullish case for the oil by citing depletion of floating inventories thanks to OPEC and N-OPEC agreement to reduce supplies is back on the bearish side once...
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