Tag Archives: Oil Price

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.

A surge in OPEC production in late 2018 means the market started this year better supplied than the last.

In recent months. the Saudis increased production by more than 1 million barrels per day.

Russia and Saudi Arabia were the world’s top two oil producers until this year.