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OPEC Warns Of Slowing Oil Demand Amid Growing Risks To Global Economy
OPEC Warns Of Slowing Oil Demand Amid Growing Risks To Global Economy Amid fears of global oil supply disruption and production curbs, in its latest monthly report, OPEC expects global oil supplies to remain stable, while cautioning that demand is becoming a growing concern. In the latest report, OPEC said that preliminary data suggested that […]
Why The U.S. Is Suddenly Buying A Lot More Saudi Oil
Why The U.S. Is Suddenly Buying A Lot More Saudi Oil For a few months now, OPEC has been boosting production to ease concerns about high oil prices amid expected supply losses from Venezuela and Iran. The cartel’s largest producer and exporter, Saudi Arabia, has been specifically targeting an increase in crude oil exports to […]
How Much Longer Can The Saudis Suppress Oil Prices?
How Much Longer Can The Saudis Suppress Oil Prices? When earlier this week reports emerged that Saudi Arabia is striving to keep oil prices in the range of US$70-80 per barrel in a bid to balance its need for higher prices with President Trump’s insistence that oil is kept within reasonable bounds, few must have […]
Oil Production Vital Statistics September 2018
Oil Production Vital Statistics September 2018 Four months have passed since the last update in May 2018 and it is time to take a fresh look at the global oil market, especially in light of the unique OPEC+Russia+others deal coming to an effective end in July. This led to a predictable fall in the oil […]
Rising Supply Will Keep Oil Prices Rangebound
Rising Supply Will Keep Oil Prices Rangebound Rising oil production from various parts of the globe could keep oil prices “range-bound” for the rest of this year. During the second quarter, fears of supply shortages began to mount, as OPEC disruptions combined with strong demand and shrinking inventories to push prices up significantly. More recently, […]
Why The Saudis Are Still Dominating Oil Markets
Why The Saudis Are Still Dominating Oil Markets Saudi Arabia is still clearly in control of the oil market. The narrative that decisively took hold over the oil market in August was one of cracks in emerging market demand, concerns over the health of the global economy and fears over the fallout from the U.S.-China […]
Tight Oil Markets Are Ignoring Supply Risk
Tight Oil Markets Are Ignoring Supply Risk The global oil market is once again in flux as geopolitics and regional conflicts take an increasingly heavy toll on oil supplies. Since the OPEC meeting in Vienna, warning signs that oil markets are heading for a shortage in supply, due to low spare production capacity and growing […]
Oil Jumps After Saudis Say August Exports To Slide
Oil Jumps After Saudis Say August Exports To Slide Trump is about to have another OPEC twitter meltdown. With oil sliding in recent days on a combination of greater inventory builds and production increases both in the US and in places like Libya and Canada, moments ago WTI jumped as much as 1.6% after it […]
Trump May Tap Up To 30MM Barrels From Oil Reserve To Halt Rising Gas Price
Trump May Tap Up To 30MM Barrels From Oil Reserve To Halt Rising Gas Price Having already yelled at OPEC on several prior occasions on Twitter with demands for Saudi Arabia and the rest of the OPEC cartel to boost production in order to push oil – and gasoline – prices lower… … only to […]
Oil’s Perfect Storm Lays At Trump’s Feet
Oil’s Perfect Storm Lays At Trump’s Feet It’s becoming painfully clear that the way forward for global oil markets is going to be bumpy, very bumpy, particularly as we head into next year. Much of this uncertainty, even blame, is being increasingly leveled at a person that has surprised, flabbergasted and even shocked political opponents, […]
Spare Capacity: The Biggest Mystery In Oil Markets
Spare Capacity: The Biggest Mystery In Oil Markets With around 2.5 million barrels per day (mb/d) of Iranian supply targeted by the Trump administration, how will the oil market cope with the losses? Is there enough supply capacity to make up for the shortfall? There is a great deal of debate about the true extent […]
Russian Oil Production Soars To 11.193 Million Bpd
Russian Oil Production Soars To 11.193 Million Bpd In line with its agreement with OPEC to reverse part of the cuts, Russia is boosting its crude oil production, pumping as much as 11.193 million bpd in the first four days of July, up from 11.06 million bpd in June, Reuters reported on Thursday, quoting a […]
King Trump Shouts at the Ocean: Stop the Waves
King Trump Shouts at the Ocean: Stop the Waves Trump believes all he has to do to make things happen is to issue an ultimatum. One Tweet will explain. ✔ The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as […]
Saudi Arabia Won’t Bring 2 Million Bpd Online
Saudi Arabia Won’t Bring 2 Million Bpd Online President Trump said in a tweet on Saturday that Saudi Arabia agreed to boost oil production by 2 million barrels per day (mb/d), a claim that surely came as news to the Saudis. ✔ Just spoke to King Salman of Saudi Arabia and explained to him that, […]
