Last Week Data & Oil Market Movers: US crude oil production increased by 26,000 bbl/day to reach 9,528,000 million bbl/day Reopening of Libya oil fields (Reopening of Libya’s …
Latest Insight, Analysis & Commentary
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In Preparation for LNG Market Downturn: 2018 for LNG market will be similar to 2014 for the oil market. The only difference is that, back in 2014, no …
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More than a month ago, I said “whoever is expecting oil price to go high like old days is going to get hit real bad.” Obviously Andy Hall, …
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– Venezuela has the largest oil reserves in the world ( 300 billion bbl ), yet the country is in a complete mess. – Norway has around 5.1 …
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As US oil output increases, a threat to oil prices sustainability above $50/bbl grows. Last week, US crude oil output increased by 79,000 bbl/day to reach 9,502,000 bbl/d. …
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As Baker Hughes reported a decline in US oil rig count by 5 rigs to 763 this week, oil price jumped by more than 3 percent closing the …
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What is the main reason for the current downturn in the oil and gas industry? The first answers that come to mind are: Shale oil, OPEC’s decision not …
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Unless Libya and Nigeria join the other OPEC and non-OPEC countries in cutting their oil output, and OPEC puts strict measures to ensure the compliance of the participating …
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Last Week Oil Market Data: Last Week Crude Oil Price Movement: Crude oil prices closed last week at almost the same level where it started on Monday, July …
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Oil Price Commentary
Oil Price Commentary: Oil Price Under Pressure from Rising US Crude Oil Production and Rig Count
Last Week Oil Market Data: Last Week Crude Oil Price Movement: Supported by a decline in US crude oil production and rig count and a slowdown in US …