Search Results for: opec

OPEC meeting approaches with no clear plan on how to extend cuts

3 days ago DieselGasoil Comments Off on OPEC meeting approaches with no clear plan on how to extend cuts
By Elena Mazneva , Christopher Sell , and Angelina Rascouet on 11/15/2017 MOSCOW and LONDON (Bloomberg) — Fifteen days from now, nations that pump more than half the world’s... Read More

OPEC boosts 2018 demand forecast, signaling faster rebalancing

5 days ago DieselGasoil Comments Off on OPEC boosts 2018 demand forecast, signaling faster rebalancing
By Grant Smith on 11/13/2017 LONDON (Bloomberg) — OPEC boosted forecasts of demand for its crude in 2018, signaling that the rebalancing of the global market could gather pace.... Read More

Crude oil output cuts “only viable option” for market, OPEC head says

5 days ago DieselGasoil Comments Off on Crude oil output cuts “only viable option” for market, OPEC head says
By Wael Mahdi, Mahmoud Habboush and Salma El Wardany on 11/13/2017 ABU DHABI and CAIRO (Bloomberg) — The oil market is re-balancing at a quickening pace and production cuts... Read More

Crude oil trades near $57 as OPEC signals rebalancing could speed up

5 days ago DieselGasoil Comments Off on Crude oil trades near $57 as OPEC signals rebalancing could speed up
By Grant Smith on 11/13/2017 LONDON (Bloomberg) — Oil traded near $57/bbl as OPEC boosted its projections for demand while the group’s top official signaled that producers should continue... Read More

Oil output cuts “only viable option” for market, OPEC head says

5 days ago DieselGasoil Comments Off on Oil output cuts “only viable option” for market, OPEC head says
By Wael Mahdi, Mahmoud Habboush and Salma El Wardany on 11/13/2017 ABU DHABI and CAIRO (Bloomberg) — The oil market is re-balancing at a quickening pace and production cuts... Read More

OPEC's War Against Shale Is Far From Over

1 week ago DieselGasoil Comments Off on OPEC's War Against Shale Is Far From Over
Shutterstock photo Despite the recent market rally and current bullish streak in oil prices, the years-long competition for market share between OPEC and U.S. shale producers shows no sign... Read More

OPEC’s War Against Shale Is Far From Over

1 week ago DieselGasoil Comments Off on OPEC’s War Against Shale Is Far From Over
Despite the recent market rally and current bullish streak in oil prices, the years-long competition for market share between OPEC and U.S. shale producers shows no sign of abating,... Read More

China steps toward U.S. LNG deal as Sinopec inks Alaska pact

1 week ago DieselGasoil Comments Off on China steps toward U.S. LNG deal as Sinopec inks Alaska pact
By Dan Murtaugh and Ryan Collins on 11/9/2017 SINGAPORE and HOUSTON (Bloomberg) — China took steps toward its first investment in U.S. liquefied natural gas as one of its... Read More

OPEC Eyes $70 Oil

1 week ago DieselGasoil Comments Off on OPEC Eyes $70 Oil
Shutterstock photo Brent prices hit $60 a barrel 10 days ago and have maintained that level ever since, sparking talk that this could be the new floor under oil... Read More

OPEC to disappoint oil bulls at November meeting, Citigroup says

1 week ago DieselGasoil Comments Off on OPEC to disappoint oil bulls at November meeting, Citigroup says
By Grant Smith on 11/8/2017 LONDON (Bloomberg) — Oil bulls banking that OPEC and its allies will later this month agree to extend supply cuts for all of 2018... Read More