Apr 24, 2017 13:08 pm UTC| Research & Analysis Insights & Views
It is about more than the barrels. Although the fundamental impact is very important, the real significance of the agreement is that Saudi Arabia and OPEC have returned to active market management. This is what put a...
Oil in Global Economy Series: OPEC deal compliance review
Apr 21, 2017 12:10 pm 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...
Oil in Global Economy Series: Saudi oil minister talks positive on deal extension
Apr 20, 2017 10:00 am UTC| Commentary
Saudi Arabias powerful oil minister Khalid-al-Falih has raised the hopes of an extension of the current production curb deal; when the OPEC ministers meet at their Vienna headquarter on May 23rd. The current deal, which...
Oil in Global Economy Series: Crude oil production in US at highest level since August 2015
Apr 20, 2017 06:58 am UTC| Commentary
The increasing production in the United States is one of the biggest threats to the recovery in oil price as well as to the ability of the OPEC deal to curb supplies in the market. Last November, OPEC countries, and other...
Five myths about dismantling North Sea oil rigs
Apr 14, 2017 03:14 am UTC| Insights & Views Business
Oil giant Royal Dutch Shell is under fire from environmental groups over its proposal to decommission the Brent oilfield in the North Sea. The plans submitted to the government relate to four concrete and steel platforms...
OPEC upgrades 2017 global oil demand growth forecast to 1.27 million barrels per day
Apr 13, 2017 15:03 pm UTC| Commentary
OPEC upgraded its 2017 global demand growth forecast to 1.27 million barrels per day, an upwards revision of 10,000 barrels per day as thirst from Asia rises. In its new monthly oil report on Wednesday, OPEC pointed to an...
Oil in Global Economy Series: Key highlights from IEA monthly oil market report
Apr 13, 2017 08:57 am UTC| Commentary
Developed economies oil market watchdog International Energy Agency (IEA) released its monthly oil market report today and here are the key highlights, The global oil market is very close to coming into balance,...
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