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Post Tagged with: "Market balance"

Oil & Gas 360’s Complete OPEC Coverage

Oil & Gas 360’s Complete OPEC Coverage

OPEC Agrees to a 1.2 MMBOPD Cut

“We have made great success today” –  OPEC announces first cut since 2008

“We have made great success today. We reviewed all scenarios… [and] we have been able to reach an agreement,” Qatar …

December 2, 2016 - 4:17 pm — Closing Bell Story‎
OPEC Reaches a Production Deal and Brent Hits $50, Now What?

OPEC Reaches a Production Deal and Brent Hits $50, Now What?

OPEC deal to cut 1.2 MMBOPD could return market to balance in the first half of 2017

Crude oil prices surged Wednesday following news from OPEC that the group agreed to cut 1.2 MMBOPD of production after two years of …

November 30, 2016 - 5:34 pm — Closing Bell Story‎, Oil and Gas 360 Articles, OPEC
OPEC Sees a Market Balance Farther Out There Somewhere

OPEC Sees a Market Balance Farther Out There Somewhere

OPEC production falls slightly, but says strong production elsewhere could lengthen crude oil glut

OPEC’s Oil Monthly Report for August, released Monday, showed stronger than expected production from non-OPEC sources, indicating the crude oil glut may take more time …

September 12, 2016 - 5:49 pm — Closing Bell Story‎, Oil and Gas 360 Articles, OPEC
Oil Market Balance will Return by the End of 2017: EIA

Oil Market Balance will Return by the End of 2017: EIA

The dreaded surplus is only 3 days’ production

Global oversupply in the oil market has almost become a curse word in the oil and gas industry. Since the OPEC decision to maintain output levels on November 28, 2014, the industry …

February 18, 2016 - 4:33 pm — Analytics, Closing Bell Story‎, Commodity Pricing, Oil and Gas 360 Articles
Will an Oil Market Balance in 2016 be Too Late for Saudi Arabia?

Will an Oil Market Balance in 2016 be Too Late for Saudi Arabia?

Wells Fargo sees market balance in 2016

A recent note from Wells Fargo Equity Research highlights the continued unresponsiveness of production in the face of low oil prices, but the analysts say they expect the market to rebalance in 2016. …

August 12, 2015 - 5:21 pm — Commodity Pricing, Exploration and Production (E&P), Fracing, International, Oil and Gas 360 Articles, OPEC
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