Oil

The rebalancing of the global oil market was a work in progress.

The amount of crude OPEC is capable of pumping is also set to deteriorate.

The oil business will be a major and important industry in Norway for many years to come.

The group will meet in Vienna on April 17-18.

China and the U.S. would lead healthy global demand for oil this year.

Production in U.S. hit a record of more than 12 million bpd in February.

Consumer countries see that a price between $60-70 is a good price for everyone.

OPEC and its partners decided to extend its production cuts till the end of 2018 in Vienna on November 30.

OPEC is likely to push back their decision of whether or not to extend the output cut agreement to June from April.

The largest democratic exercise on Earth is set to give the oil market a shot in the arm.