Tag: Oil Market
OPEC, non-OPEC Reach Oil Cuts Deal Amid COVID-19
An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday with a continued commitment of the participating...
Saudi Arabia Calls For Emergency OPEC+ Meeting To Stabilise Market
Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement...
Can Saudi Arabia Still Sway The Oil Market?
Saudi Arabia, the world’s top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the...
Crude Oil Prices May Push $75 Short Term
Moves in the oil markets are most closely watched after prices surged to their highest levels since July 2015 on Monday. That rise followed...
Bear Market in Oil May Last Another Decade
Bears are known for hibernating, but its the bulls in the oil market that might as well settle in for a long nap, according...
Oil Price Outlook 2017
Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations...
Is a “V-Shaped” Oil Prices Recovery on the Horizon?
A "V-shaped" oil prices recovery has been recently hinted by Core Labs, which detailed its outlook for the oil market when it reported its...
Oil market to “move close to balance” in H2 of 2016
Evidence of falling U.S. production and a drop in supplies outside of OPEC will help the oil market "move close to balance" in the...
Global oil market might begin rebalancing in 2017, IEA
IEA medium-term report sees oil market rebalancing in 2017, but investment cuts pose supply security risks down the road
Global oil supply growth is plunging...
Oil market undergoing positive ‘supply shock’: IEA
The oil market is undergoing a positive "supply shock" as production in North America continues to grow at a record pace and refining capacity...
Oil market ready for a bullish move despite recent worries
The recent developments around the crisis situation in Cyprus caused new uncertainties to commodity markets. Crude oil market was no exception. Additional worries were...
OPEC provides above oil market needs
OPEC pumps 1.62 million bpd above target in April
Global demand growth in 2012 rises to 900,000 bpd
OPEC is currently producing enough oil to keep...
2012 global oil demand growth forecast lowered
International Energy Agency said it expects global oil demand to grow by 1.1 million barrels a day in 2012, which is lower than its previous estimate
Oil market fundamentals could ease over next five years
Oil market fundamentals could ease over the next five years, the International Energy Agency projected on Tuesday, revising down its demand forecasts through 2016 and revising up its supply projections after 2013.