Tag Archives: Market

Russian-Saudi-OPEC collusion reduced the slack in oil markets. and led to lower stockpiling of crude oil and petroleum products in 2017.

It is doubtful that PGNiG will manage to earn dramatically in this highly competitive environment.

Since 2006 to date. no one delivered more oil to China than Saudi Aramco.

Saudi Arabia has been raising its production faster than many expected.

Production from the nation’s major shale plays is expected to rise by almost 100.000 bpd month-on-month in November.

Top exporter Saudi Arabia pumped most of the extra oil. raising output by 524.000 bpd in September compared to May.

OPEC estimates India will account for about 40 per cent of the overall increase in global oil demand by 2040.

Producers’ unwillingness to raise spending despite higher oil prices also is taking a toll.

Global oil supplies had already become tight even before the decisions to cut production and embargo the United States.

Members of OPEC and non-OPEC countries participating in a supply-reduction agreement are on course to reach 100 percent compliance.