Tag Archives: CNBC NEWS

Dudley believes the oil market is tightening up.

Russia and Saudi Arabia were the world’s top two oil producers until this year.

Shale gas production is growing so quickly that the industry essentially needs more uses for their product.

Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year.

OPEC reportedly considered announcing a cut of 1.4 million bpd.

The oil market could tip into a shortage in the 2020s because ``nobody is allowed to fully invest in future oil production.

Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.

Reduced Saudi oil imports tend to reflect in lower weekly U.S. inventories.

The Saudi tactic to send reduced volumes to the States succeeded last year.

The oil market could tip into a shortage in the 2020s because nobody is allowed to fully invest in future oil production.