Green Car Congress
MARCH 13, 2015
IEA raised its forecast of demand growth for all of 2015 by 75 kb/d to 1.0 Global supply rose by 1.3 expected US crude supply, raising the 2015 North American outlook. mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola. year gains estimated at around 0.9 OPEC output.
Green Car Congress
OCTOBER 26, 2017
Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. The most near-term supply risk comes from Iraq. Iran probably won’t pose a supply risk to the market, at least not this year. by Nick Cunningham for Oilprice.com. bank Citi said.
Green Car Congress
APRIL 10, 2015
With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Source: opec.org).
Green Car Congress
AUGUST 25, 2015
CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output.
Green Car Congress
OCTOBER 6, 2015
According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 Russia supplied about 30 percent (146.6 in 2015 and 2016 respectively). in 2015 and 2016 respectively).
Green Car Congress
JUNE 23, 2016
If prices went too low the LTO operators couldn’t afford to drill, which would shrink supply and cause prices to rise. If they somehow collude to restrict supply to affect prices they will be prosecuted and perhaps sent to jail. If and when prices rose the US rig count would rise and ultimately cause prices to fall again.
Green Car Congress
JULY 28, 2018
China’s central bank has also taken the opportunity to loosen its grip over the yuan, which will save it from having to blow huge sums of reserves to keep the currency fixed, as it did during the summer of 2015. The oil supply outages in Venezuela, Libya and Iran could yet drive oil prices much higher. Of course, the U.S.
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