Oil in Global Economy Series: Reuters’ survey suggests OPEC compliance at 138 percent in January
Feb 01, 2018 08:21 am UTC| Commentary
Reuters has released its January oil market production survey and it suggests that OPEC production is set for a decline in the tune of 85,000 barrels per day in January compared to the December. Below are the production...
Oil in Global Economy Series: Key oil market updates
Jan 22, 2018 10:16 am UTC| Commentary
While the oil market continues to focus on supply/demand fundamentals, these are some key updates that you need to keep a tab on, U.S. oil rig count: The United States is continuing to see a surge in production....
Oil in Global Economy Series: Russia to increase output in 2018 if agreement with OPEC not reached
Oct 26, 2017 09:25 am UTC| Commentary
Russia is holding non-complaints to the OPEC/N-OPEC agreement and dissenters at gunpoint. Russian energy minister Alexander Novak said that Russia will increase output in 2018 if an agreement is not reached to extend...
Oil in Global Economy Series: Oil prices rise as Saudi oil ministers vows to end supply glut
Oct 25, 2017 07:32 am UTC| Commentary
Speaking during an investment conference in Riyadh, Saudi Arabias oil minister Khalid Al-Falih said that Saudi Arabia is determined and committed to reducing global inventories that have dogged oil prices since 2014. He...
How oil exploration is adding to Mali's security woes
Oct 23, 2017 01:45 am UTC| Insights & Views
Mali is one of the least developed countries in the world, with nearly half the population living near the poverty line. In the past six years, the country has experienced civil war, jihadist terrorism and a coup dett....
Sep 21, 2017 12:33 pm UTC| Commentary
North American benchmark oil index, WTI has moved above $50 per barrel this week, for the first time since early August. Though it is struggling to find buyers above $50 area, we expect the current bullish momentum to...
Oil in Global Economy Series: U.S. operating oil rigs continue to decline
Sep 18, 2017 12:52 pm UTC| Commentary
Last weeks report from Baker Hughes shows that the number of operating rigs declined for the 7th time in 34 weeks. The increasing numbers of operating rigs, as well as increasing production, have been raising concerns that...
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