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Global oil supply rose 90.000 b d in September to 97.5 mb d as non-OPEC output edged higher with output standing at 620.000 b d higher than last year.
Read More »IEA: Global Oil Supply Rose 90.000b d in September to 97.5mb d
OPEC Said to Work on Exit Strategy Alongside Cuts Extension
The cartel and its allies. which together control more than half the world’s oil output.
Read More »OPEC at Odds with Rosneft Over Oil Outlook
The agreement comes amid tensions over Kurdish claims to sovereignty with reports of armed clashes between Kurdish forces and Iraqi government troops.
Read More »China`s CEFC Eyes Big League with Rosneft Oil Offtake Deal
ESPO is one of the most actively traded crude oils in Asia. and is popular among Chinese refiners.
Read More »OPEC Unlikely to Lure Asian Producers
In November. OPEC and non-OPEC ministers will discuss the market situation and implementation of a global deal to cut oil production.
Read More »IEA Head Sees Oil Prices Subdued On Non-OPEC Supply Growth
The production growth from non-OPEC countries is still there so I do not expect a price rise in the near future.
Read More »Who Is Winning the Market Share War In China?
The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.
Read More »Vitol Ups Cash-for-Oil Deals with Kazakhstan to $5B
Vitol. the world’s largest independent commodity trader. is increasing its export prepayment deals to secure more oil trade with cash-strapped producers.
Read More »Sub-$50 Oil Could Kill Shale
There are a few reasons to be skeptical that the momentum will carry crude prices higher than current levels.
Read More »China`s Oil Demand Is Growing at More Than Double Last Year`s Pace
China may indeed join the ranks of countries banning fossil fuel vehicles.
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