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NEWS |
Oil Market Outlook: The Slow Claw-Back Begins
Monday will be a key day for reopening across Europe: Not only will clothes, shoe retailers and other shops open across the UK for the first time in three months, but it will also theoretically be pos (...)
NEWS |
Oil prices move on demand concerns -Rystad Energy comments
After Monday’s trading, which was the session that priced in all OPEC-related production developments, prices will now be moving on demand concerns.
NEWS |
Oil prices rise on OPEC+ extending deep production cuts -Rystad Energy comments
Oil prices continued their steady ascent this morning, though adding value of only a couple of percentage points to Friday’s close values, as the decision by OPEC was largely priced in beforehand.
NEWS |
What to expect from OPEC+ meeting today - Rystad Energy's opening comment
Following intense back-door negotiations during the past week, the market expects today’s fast-tracked OPEC+ meeting to be mostly about formalities....
NEWS |
OPEC+ meeting - Rystad Energy's live comments
In a refreshing change for OPEC’s decisiveness, it looks like we already have a draft deal. June’s cut levels to be extended to July...
NEWS |
OGV Energy’s Middle East Energy Review - June 2020
The Middle East region, home to a large part of global oil and gas reserves and production, is currently experiencing a double-blow of the COVID-19 pandemic and low oil prices.
NEWS |
Oil rises again on renewed OPEC+ meeting hopes - Rystad Energy comments
It’s all about the OPEC+ meeting. As it was initially intended to happen on Thursday, when that did not materialize, prices fell because traders sensed a lack of agreement between the extended group’s (...)
NEWS |
Oil rises on OPEC+ meeting rumors - Rystad Energy comments
Brent at $40 in June – who would have thought just one month ago? OPEC+ is still wrangling about for how long to extend its first tranche of monster cuts, but an agreement seems imminent.
NEWS |
OPEC+ achieves 86% May compliance rate with the output cuts of 9.7 million bpd
According to the Energy Intelligence estimates, the OPEC and its allies (OPEC+) achieved an 86% May compliance rate with the oil output cuts of 9.7 million barrels per day that it agreed for both May (...)
NEWS |
OPEC, Russia bargain over oil cuts ahead of June meeting
Saudi Arabia and some other OPEC oil producers are considering extending record high output cuts until the end of 2020 but have yet to win support from Russia, according to OPEC+ and Russian industry (...)
NEWS |
Oil ticks up on market balance optimism - Rystad Energy comments
Oil prices ticked up this morning on indications that the oil market is finally coming to a balance soon. Russia’s Energy Minister also said yesterday that crude markets are rebalancing in June or Jul (...)
NEWS |
Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease
Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world.
NEWS |
Saudi Arabia and Iraq pledge to rebalance the oil markets
Saudi Arabia and Iraq, Opec’s biggest oil producers agreed to work on rebalancing the oil markets as part of their pledge to cut back more than 9.7 million barrels per day in May and June.
NEWS |
Oil stable but careful on how to read stock builds - Rystad Energy comments
Prices can’t be rising forever. Both WTI and Bent have already recovered what levels they realistically could over the last three weeks and have now both stabilized between 30 and 35 USD.
NEWS |
Prices seeing another boost on lower supply, strengthening demand - Rystad Energy comments
There are two main forces behind a stronger oil price, the declining supply and the improving demand..
NEWS |
Brent at one-month high, U.S. oil tops $31 as restrictions ease
Oil prices climbed by $2 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by optimism about the re-opening of economies and output cuts by major p (...)
NEWS |
Extra Saudi, UAE and Kuwait production cuts -Rystad Energy comments
Saudi Arabia, the UAE and Kuwait just announced new cuts on top of the OPEC+ deal requirements.
NEWS |
U.S. producers swallow their pride and ask for government aid
Caught among the price war between OPEC and Russia, the declining oil demand as a result of the global coronavirus pandemic and mounting pressure from investors, the U.S. oil industry cried uncle. Unc (...)
NEWS |
Will the Coronavirus Kill the Oil Industry?
As Coronavirus lockdowns continue to spread around the world, the oil industry faces more disruption to demand and supply chains, with many margins and prices already collapsing.
NEWS |
Middle East Oil & Gas amid Coronavirus Crisis and OPEC+ Drama
In one of the most dramatic and strangest months in the history of global energy markets, the Middle East took centre stage among all regions in the world while oil and gas investors and analysts were (...)
NEWS |
Oil continues to see gains trimmed - Rystad Energy
Comparing to the price fluctuations we’ve seen over the last month, oil losing or gaining less than a dollar’s worth is the new ‘stable’.
NEWS |
Oil back to losses as demand fears return - Rystad Energy comments
The gains that oil prices enjoyed last week were not justified, despite the start of the production cuts that OPEC+ has agreed on.
NEWS |
Global investment slowdown set to hike oil prices and cause undersupply of 5 million bpd in 2025
The Covid-19 pandemic will leave not only short-term, but also long-term scars on the oil market. Even though the world is currently facing what is arguably the largest oil glut ever recorded, the tab (...)
NEWS |
Oil prices, no news is bad news -Rystad Energy comments
They say no news is good news. Not for oil, not now...
NEWS |
OPEC chief expects oil price to reach $40 a barrel in second half of 2020
Oil prices will reach $40 a barrel by the second half of this year, Anadolu Agency reported OPEC’s president saying yesterday.
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