Post Tagged with: "Global glut"

Photo: Haaretz

The Glut is Over – Saudi Oil Minister

“Supply and demand are almost equal”- Khalid al-Falih

Global oil markets are improving as supply and demand come back to parity said Saudi Arabian Oil Minister Khalid al-Falih. The global glut that sent oil prices tumbling at the end of …

June 23, 2016 - 6:03 pm — Closing Bell Story‎, Commodity Pricing, Oil and Gas 360 Articles, OPEC
CNOOC to Cut Production and Spending

CNOOC to Cut Production and Spending

CNOOC’s 2016 plan looks to lower production for the first time in a decade

Lower oil and gas prices are forcing at least one of China’s producers to lower its production goal for 2016. In a press release Tuesday, China …

January 20, 2016 - 5:13 pm — Closing Bell Story‎, Exploration and Production (E&P), Offshore, Oil and Gas 360 Articles
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