Tag Archives: Oil Market

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

OPEC and 10 non-OPEC partners. led by Russia. will meet December 6-7 to decide on output policy.

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

Surging production from the world’s biggest oil producers have more than offset Iranian and Venezuelan supply losses.

It would be silly to make any price forecasts at the moment.

Iran is the third-largest producer of the oil cartel OPEC. providing more than 2 percent of global oil output.

OPEC in recent months has been wracked with internal disputes.

The rig count is an indicator that U.S. crude production will increase further.

The Technical Committee held the meeting on the verge of the Joint Ministerial Monitoring Committee meeting in Abu Dhabi this Sunday.

A possibility of oil production cut in 2019 looms large as OPEC and its allies are expected to meet in Abu Dhabi.