Tag Archives: Oil Market

The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.

The IEA estimates that the wave of energy digitalization could lower the cost of production by 10 to 20 percent.

The group is ``extremely assured. optimistic`` for oil in the short and medium term. with investments flowing back sooner than later.

Moscow agreed to contribute around 0.3 million bpd to the cuts and Russian state and private companies are sharing the burden on a pro-rata basis.

Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.

Oil market was in a much better position than it was last year. which was a result of producers complying with the cuts.

The global oil market could tighten towards the second half of 2018 if demand remains robust.

In just one month. Iraq turned from cheater to complainer. after clashes in Kurdistan added some geopolitical risk premium to oil prices.

Oil markets are on track to come into balance next year.

Iran'.s oil exports have nearly doubled since January 2016.