Search Results for: oil
IEA releases Oil Market Report for June
June 12th, 2015
Lower non-OPEC output trims global supply, but production still steeply higher than last year Global oil supplies fell by 155 000 barrels per day (155 kb/d) in May to 96 million barrels per day (mb/d) on lower non-OPEC output, ...
Developing Countries Face Tough Transition in 2015 with Higher Borrowing Costs and Lower Prices for Oil & Other Commodities
June 11th, 2015
Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive ...
Shell Expects Oil Rebound as Shale Fails to Fill Supply Gap
June 4th, 2015
Royal Dutch Shell Plc sees oil prices rising because supply from shale drilling in the U.S. won’t be enough to satisfy growing global demand. The industry needs to find an extra 4 million barrels to 5 million barrels a ...
What will Opec do about the oil supply?
June 3rd, 2015
With oil prices down some 40% in a year, the oil ministers of the Organization of the Petroleum Exporting Countries (Opec) are once again getting together in Vienna this week to decide whether to cut output or keep pumping ...
Expect The Recent Oil Rally To End Badly If OPEC Doesn’t Cut
June 2nd, 2015
The U.S. rig count dropped by 10 rigs this week after only falling by 3 last week. No doubt some analysts will say that this increase is somehow important and that a return to normal–i.e., high oil prices–is around ...
Oil and gas needs focused portfolio management to address decade-long decline in return on capital
May 28th, 2015
Global oil and gas companies must evolve their approach to portfolio management to improve return on capital (ROC) and remain resilient in today’s increasingly challenging market, according to EY’s Portfolio management in oil and gas: building and preserving optionality. ...
Oil Bears Miss Out as Record U.S. Refinery Demand Drives Rally
May 25th, 2015
Oil speculators missed out as record demand from U.S. refineries helped trim supplies from their highest level in more than eight decades and drive prices higher. Hedge funds and other money managers reduced their net-long position in West Texas ...
Why Oil’s Rally Is Over
May 22nd, 2015
A lot of people have got very excited as the price of WTI has bounced back from the lows reached a few months ago. If oil fails to break and hold above $62 this time around, however, their enthusiasm ...
OPEC Struggling To Keep Up The Pace In Oil Price War
May 21st, 2015
Some market watchers, such as Cornerstone Analytics (CA), have consistently stated that the underestimation of demand, coupled with over-estimation of supply, will mask the growing call on OPEC oil in the second half of this year. CA recently noted ...
Oil price to reach $80 by 2017 – Iranian oil minister
May 19th, 2015
Iran hopes its crude oil exports will be back to the pre-sanctions level of 2.5 million barrels per day (bpd) and the oil price to rise to around $80 a barrel by end of 2016, according to Iran’s Deputy ...
