Tag Archives: Bloomberg News Agency

Saudi Arabia says repeatedly that it won’t balance supply and demand on its own.

As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.

OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.

The United States has been increasingly critical of China-backed infrastructure projects.

Venezuela’s crude production could soon sink to below 1 million bpd.

Spot LNG prices in North Asia have slumped for seven weeks in the longest losing streak since January 2016.

Oil prices at $70 or above is never the best choice for the consumers and Russia is in that camp.

Despite its discontent. Bagdad prefers to maintain good relations with Russia for several reasons.

EIA predicts that U.S. production will increase to 12 million barrels per day in the second quarter of 2019.

U.S. production will be growing despite the current capacity constraints in the Permian.