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World oil demand will rise by 1.14 million barrels per day (bpd) this year.
Read More »The Outlook for Oil Demand Growth in 2019 Dims over Global Economy Worries
Trade Disputes. Geopolitics. Rising Non-OPEC Supply Make for Challenging 2H19
OPEC pumped 29.88 million b d in April. according to an average of the secondary sources used to monitor output.
Read More »OPEC Cuts 2019 Oil Demand Growth Forecast
World oil demand will rise by 1.14 million barrels per day this year. 70.000 bpd less than previously expected.
Read More »Goldman Sees Hard Path to OPEC Extension for Russia. Saudis
Stockpiles are currently at the highest level since mid-2017. according to Energy Information Administration data.
Read More »OPEC Nears Deal to Keep Output Curbs in Place
OPEC is currently scheduled to meet on June 25.
Read More »Oil Reaches near $54 on Saudi-Russia Supply Pledge. Drop in Rigs
US crude has fallen about 18% from a peak in late April and volatility has jumped as deteriorating US-China trade relations cast a pall over the global growth outlook.
Read More »Oil could Still Drop to $30 per Barrel
OPEC is close to reaching an agreement to extend the production cut deal beyond June.
Read More »Russia Warns of $40 Oil Even as It Holds Out on OPEC Deal
Saudi Arabia and Russia. the two largest producers in the OPEC coalition. voiced concerns that falling oil demand could send prices below $40 bbl as they met in Moscow.
Read More »The 2020 Oil Market is Quickly Turning Ugly
Oil bulls thought 2020 would be their year.
Read More »Oil Drillers Scale Back U.S. Activity as Crude Falls Into Bear Market
U.S. crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory.
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