A surplus in global oil inventories is also close to evaporating. OPEC said on Thursday.
Read More »IEA Says OPEC Mission Accomplished
OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.
Read More »IEA Says OPEC Mission Accomplished
OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.
Read More »IEA: Global Oil Demand not to Peak Soon
Indian oil imports will grow more and more driven by transportation. petrochemicals and other sectors.
Read More »OPEC Researcher: Oil Data Needs Further Improvement
There is currently insufficient data on oil inventories in JODI’s databases.
Read More »IEA Executive Director visits OPEC Secretary General at Vienna Headquarters
OPEC’s Secretary General has been a strong advocate of advancing dialogue and cooperation among producers and consumers.
Read More »Crude Battle is Much More Than OPEC vs U.S. Shale
The risk for OPEC and its allies is that this sort of market share is hard to recover once the self-imposed production cuts are lifted.
Read More »IEA: OPEC Production Growth Depends on Stability in Nigeria. Libya. Iraq
IEA in the Oil 2018 envisaged that excess global refining capacity would grow. but Asian refiners need more crude.
Read More »US Crude Exports Becoming Significant Presence in Global Oil
The US cannot become completely independent of foreign oil.
Read More »Libya Manages to Export Oil To Europe and The U.S.
Libya was initially exempt from the OPEC production cuts together with Nigeria because of the violence in the two countries.
Read More »