Tag Archives: Oil Price

Prices will drop in the coming months as demand softens.

The US became the world’s largest crude producer last year.

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.

Moscow is better positioned to balance its budget at current levels than Saudi Arabia.

The industry has started to increase investments in deepwater after the downturn.

The compliance with the agreed output cuts will be key to balancing the market in 2019.

The rise in prices thanks to output cuts has brought roughly an additional $110 billion in revenues to Russia.

Brent prices climbed last week on optimism a thaw in China-US relations will help sustain global growth.

Big Oil will probably approve about 110 offshore projects this year.

Given oil’s plummet at the end of last year. OPEC’s strategy to stabilize the market might look a bust.