Saturday, March 28, 2026
OPEC oil prices

Panel Finds Oil Glut Virtually Eliminated

But no indication of production policy change—yet From Reuters JEDDAH, Saudi Arabia (Reuters) – A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said, thanks in part to an OPEC-led supply cut deal in place since January 2017. The meeting of the Joint Technical Committee (JTC)

IEA Sees Oil Demand Growth Falling to Lowest Level in Years as Global Economy Stalls Oil & Gas 360

Oil Traders Try Crude-Pricing Alternatives

From Bloomberg As Shale Boosts Exports, Some Push to Set Price on Coasts, but Oil Stored in Middle of America is Longtime Standard in Market Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude. While the market benchmark remains West Texas Intermediate crude

Baker Hughes GE Announces First Quarter 2018 Results

Orders of $5.2 billion for the quarter, down 8% sequentially and up 9% year-over-year on a combined business basis* Revenue of $5.4 billion for the quarter, down 7% sequentially and up 1% year-over-year on a combined business basis GAAP operating loss of $41 million for the quarter, decreased 63% sequentially and increased unfavorably year-over-year on a combined business basis Adjusted