Tag Archives: Market

The Permian produced about 3.4 million barrels of oil per day in August.

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

Qatar also set its August Qatar Land crude OSP at $74.00 a barrel. down from $75.25 for the previous month.

For 2020. Barclays said it expects Brent to average $75 per barrel. up from its previous forecast of just $55 a barrel.

Previous studies have suggested access to lower cost Chinese solar products could cut costs.

PetroChina’s domestic crude oil production dropped by 1.3 percent in the first half of 2018.

Oil prices have stabilized over the last two years largely thanks to a deal between OPEC and non-OPEC oil producers.

Sale of the oil from the reserve was mandated by previous laws to fund the federal government and to fund a drug program.

The Europe is reliant on oil imports for 98 percent of demand.

OPEC oil output rose last month to a 2018 high as Libyan production recovered and Iraq’s southern exports hit a record.