US crude supply likely to drop by 0.5mb/d in 2017
Feb 03, 2016 07:37 am UTC| Commentary
A stronger dollar, a supply glut and warm weather depressed crude oil prices. If the warmer than normal weather conditions continue, oil prices are expected to further face downward pressure. More product and build up of...
Larger output cutbacks needed to rebalance the oil market
Feb 02, 2016 15:57 pm UTC| Commentary
Oversupply conditions continue to dominate the outlook for crude oil markets, with increasing inflows from Iran and Iraq. There has been a multi-year build-up in the output capabilities of non-OPEC energy producers, led by...
How Saudi Arabia's grip on oil prices could bring Russia to its knees
Feb 02, 2016 14:52 pm UTC| Insights & Views
When Saudi Arabia led an OPEC decision to end a restraint put on oil production in November 2014, it marked the beginning of a new era in oil economics. It has given us a tumbling oil price, prompted huge losses and job...
Oil stabilizes after Saudi – Russia production cuts report
Feb 01, 2016 23:27 pm UTC| Commentary
The biggest exogenous shock over the past month was undoubtedly the slump in crude oil prices. Nowadays volatility on the oil market is very high and the ongoing erosion of oil investments could prevent prices sliding to...
Has the oil market bottomed out?
Jan 29, 2016 15:34 pm UTC| Commentary
After hitting multi-year lows, oil prices have leapt this week. The relief rally was triggered by the prospect of an alliance between Russia, Saudi Arabia and further OPEC countries to cut output. Global benchmark Brent...
Rosneft plays down output cut, oil might still gain to $40/barrel
Jan 29, 2016 13:39 pm UTC| Commentary
On Thursday, oil price got energized and rose as much as 8%, after Russias energy minister Alexander Novak told journalists that Russia is ready to take part in a meeting with OPEC members in February. Market read it as...
Oil price enjoying roller coaster movement under facts and rumours
Jan 28, 2016 22:00 pm UTC| Commentary
The recent free fall of oil prices made the global economy in to threat. Prices were down by as much as 3% and were trading at below $30 per barrel. But the recent correction was driven by news that Russia has decided to...
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