Tag Archives: Oil Supply

U.S. shale production is expected to slow over the next year.

The cut in Arab Light prices for September was the second consecutive monthly reduction of the OSP to Asia.

Saudi Arabia’s stated spare capacity is actually lower than its actual spare capacity.

If India does not import crude from the US. the most likely fallout will be to buy from other OPEC countries.

Venezuela’s production collapsed due to a lack of investment and Iranian exports have suffered due to US sanctions.

Trump has said Putin is ``a competitor. and a good competitor he is.``

Venezuela now produces almost half of the oil it did two decades ago.

OPEC is a 14-country oil cartel. which includes Nigeria.

Critics say using the oil reserve for anything other than an oil supply disruption is unwise.

Demand for OPEC’s crude oil is expected to average 32.2 million bpd in 2019.