April 6, 2016

From Reuters: All signs suggest a meeting of oil-producing countries on April 17 will deliver an agreement to freeze output, Kuwait’s OPEC governor and two sources said, suggesting Iran’s aim to raise supply will not scupper a deal aimed at supporting prices. The Kuwaiti governor, Nawal Al-Fuzaia, also said in a speech at the country’s oil ministry that she expected

From Bloomberg: Russia’s economic recovery will take longer than previously forecast, and an early end of sanctions would provide only a “limited and short-lived” boost to growth, according to the World Bank. “Due to a continually adverse external environment, Russia’s journey to recovery will be long and difficult,” the Washington-based lender said in a report on Wednesday. “The removal of

From Bloomberg: China boosted its recoverable shale gas reserves more than fivefold last year as the country missed its production target for the fuel. Recoverable shale gas reserves, or those that can be commercially produced, rose 109 billion cubic meters last year, said Yu Haifeng, director at the department of mineral resources in the Ministry of Land and Resources, according

From the Winnipeg Free Press Speaking to the New York Times last week, Republican front-runner Donald Trump said “the answer is probably yes,” when asked whether he would halt U.S. oil imports from Gulf countries if they did not participate in the fight against the Islamic State. While such a suggestion sounded preposterous to many, it could in fact be