Opec bid to kill off US shale sends oil price down to 2009
OPEC on Thursday sharply raised its forecast for oil supply from non-member countries in 2017 as higher prices encourage U.S. shale drillers to pump more, hampering.In contrast to OPEC oil production, which is subject to central coordination, non-OPEC producers make independent decisions about oil production.OPEC deal to push oil market into deficit by mid-2017: IEA - Read this Platts oil news article here.OPEC expects non-OPEC oil supply to increase by 0.5 million barrels per day in the 2H2017 compared to the 1H2017 to average 58.4 million barrels per day, the cartel.
World Oil Supply-Demand Balance in 2017 Depends on Limited
Oil prices rose on Monday in volatile trading, bolstered by statements from major oil-producing countries suggesting that OPEC and non-OPEC supply cuts could be.
IEA: Non-OPEC Oil Supply To Grow Again Next Year - FT
OPEC cuts forecast for non-OPEC crude oil supply in 2016, trims demand outlook - Read this Platts oil news article here.
OPEC’s Monthly Oil Market Report Is Negative for Oil Prices
By Alex Lawler LONDON (Reuters) - OPEC on Thursday sharply raised its forecast for oil supply from non-member countries in 2017 as higher.Wall Street Journal report quotes UAE energy minister saying OPEC will work with other producers to lower production.
OPEC Says Oil Supply Is Plentiful - Gulf Business
Oil ministers from Opec meet in Vienna this week to decide whether to cut output or keep pumping crude oil into a market that is already oversupplied.
VIENNA, Austria (Bloomberg) -- OPEC made the deepest cut to its forecasts for 2015 global oil-supply growth since it first published them in August as U.
The oil rig count, not just the natural gas rig count, will be important to watch alongside natural gas prices this week.
OPEC expects non-OPEC oil supply to increase in 2H2017
The agreement among the Organization of the Petroleum Exporting Countries comes amid a glut of global oil supply.
OPEC on May 11 sharply raised its forecast for oil supply from non-member countries in 2017 as higher prices encourage U.S. shale drillers to pump more, hampering.
Strong demand growth and production disruptions are easing the oil glut quicker than anticipated, but supply rises outside of the Opec group will return next year.
Oil price and stock markets rise as Opec cuts crude output
Articles, Analysis and Market Intelligence on the Oil, Gas, Petroleum and Energy Industry.Paris (AFP) - Increased oil production in the United States is hampering efforts to balance out market supply and demand, OPEC said on Tuesday.
OPEC at the Crossroads - Gold Money
Stop watching OPEC, start watching oil demand: Why an oil
OPEC Acknowledges Shale Oil Supply Is Significant - Gulf
Fuel price fears as OPEC agrees to cut supply - Sky News
OPEC acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said.Motorists are being warned to brace for higher prices at the pumps after the first deal to reduce production in eight.
OPEC cut its estimate of oil supply growth from producers outside the group this year to 840,000 bpd from 950,000 bpd, following the decision to extend the curbs.
OPEC looks to support the price of oil by coordinating supply cuts when the price is deemed too low.
Understanding The OPEC Oil Supply Situation - The United
OPEC - Statistics & Facts | Statista
Oil and share prices rose after Opec members struck a deal to limit crude output for the first time since 2008, in an attempt to ease a global glut that has more than.
OPEC and allied producers agreed in November to slash production, a move designed to rid global markets of excess supply.
OPEC sees more oil supply outside the group | Hellenic
All data below is based on the latest OPEC Monthly Oil Market.
News and analysis related to Organization of the Petroleum Exporting Countries, or OPEC.Sanusi Barkindo, OPEC Secretary General The Organisation of Petroleum Exporting Countries (OPEC) discussed cutting its oil output by a further 1-1.5 percent when it.
OPEC sees much higher oil supply from rivals in 2017
A Crude Oil Trader’s Guide to OPEC - DailyFX
OPEC now relies on Nigeria, Libya to balance oil supply
OPEC January Oil Output Shows High Compliance with Supply
Crude futures fall as the cartel cut its forecast for oil demand in the next year and the U.S. government reports a supply increase.These are external links and will open in a new window The oil cartel Opec has agreed its first supply cut in eight years in order to boost the price of oil. Mohammed.PARIS (Bloomberg) -- Global oil markets will swing from surplus to deficit in the first half of 2017 as OPEC and other producers follow through on an agreement to cut.For half a century, the Organization of the Petroleum Exporting Countries has buffered global.Opec plans not to cut output aims to kill off the threat from US shale oil by making it deeply unprofitable.Total crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects global oil prices.