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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

Maintenance of the field is expected, resulting in a shut-down of production—something that has been confirmed by Sadad Al Husseini, former VP Aramco. Growing political instability in Libya, as the LNA is targeting control of the country, or the re-emergence of the Niger Delta insurgency, will put a cap on increases.

Oil 186
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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

It’s a good time to do maintenance on oil fields during production cuts,” Al-Fezaia said, noting that Kuwait will lower output from 2.89 The market is overbought and under a lot of downward pressure,” Bob Yawger, director of the futures division at Mizuho Securities USA Inc., mb/d in December to 2.7 mb/d by the end of January.