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 …

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 …