Tag Archives: Oil Supply

Oil traders are looking at the evolution of the category 4 Hurricane Florence. which is expected to make landfall in the USA coast by Friday.

Oil prices have stabilized over the last two years largely thanks to a deal between OPEC and non-OPEC oil producers.

The Europe is reliant on oil imports for 98 percent of demand.

According to analysts. Iran’s crude oil exports have fallen sharply due to US sanctions.

Iran and China. along with Russia and Turkey. are drawing closer due to the intertwined issues of geopolitics and energy.

Short-cycle U.S. shale production is growing and will grow next year too.

The OPEC remains positive on the overall oil demand.

Total had previously withdrawn from the field in 2009 because of sanctions.

Iran’s output was the lowest since April last year at 3.75 million bpd.

The United States hasn'.t been able to persuade China—Iran’s biggest oil customer—to reduce Iranian oil purchases.