Tag Archives: Oil Market

America'.s most prolific oil field is now its worst market for natural gas.

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.

IEA in the Oil 2018 envisaged that excess global refining capacity would grow. but Asian refiners need more crude.

The US cannot become completely independent of foreign oil.

Libya was initially exempt from the OPEC production cuts together with Nigeria because of the violence in the two countries.

The EIA is forecasting US oil production will lift 14.8% to 10.70 million barrels per day this year.

The IEA expects Venezuela'.s crude output will fall to 1.38 million barrels per day (mb d) by the end of 2018.

Strong economic growth is what’s really driving demand at levels much higher than recent history.

Soaring U.S. production is a ``risk`` to the Russian companies’ plans to keep their market share.

New members would make the international community ``see OPEC with a new face.``