Oil

Any expectations that OPEC and its partners will make deeper cuts to oil production have all but evaporated.

The growing role of the United States as a global energy supplier would exert downward pressure on oil prices.

The key mathematics of US shale oil growth have become more challenging. partly because of the rapid growth achieved in 2018.

The Organization of the Petroleum Exporting Countries will meet on Dec. 5 and is expected to extend output cuts to the end of 2020.

Production is projected to rise by 30.000 barrels per day. according to the Energy Information Administration.

Oil is of course a commodity that relies significantly on demand.

CNG consumption in the country has risen by two million cubic meters per day since the [implementation of] the gasoline rationing plan.

Trump’s comments on China are another negative concern for the market.

Enhanced production and maintaining output in North Azadegan was on the agenda. adding workover of operational wells was also planned for.