Post Tagged with: "global supply"

Oil Rises on European Stock Draw Despite Demand Slowdown Forecast

Oil Rises on European Stock Draw Despite Demand Slowdown Forecast

From Reuters


Oil prices rose more than $1 a barrel on Friday, supported by a drop in European inventories and OPEC output cuts despite the International Energy Agency reporting demand growth at its lowest since the financial crisis of 2008.…

Source: Royal Dutch Shell

Global LNG Market Exits Oversupply Status, as Rebalancing Starts: WoodMac

Firms sees price levels high enough to facilitate full U.S. LNG utilization

Fears about an oversupplied liquefied natural gas (LNG) market are beginning to ease as indications point towards a more modest rebalancing, according to consultancy Wood Mackenzie in its …