Post Tagged with: "oil markets"

Source: CNBC

IMF slashes growth forecasts in the Middle East again amid an ‘unusually high level of uncertainty’

CNBC


The International Monetary Fund revised its growth forecasts for the Middle East and North Africa downward again amid an “unusually high level of uncertainty,” according to its latest regional economic report.

It now expects MENA economies to contract 5.7%

Source: CNBC

The Saudi-Russia oil price war was a ‘very big mistake,’ Qatar energy minister says

CNBC


Qatar’s Minister of State for Energy Affairs shared his thoughts on some of the major oil producers’ market moves in recent months, shedding disapproval on the March decision by Saudi Arabia and Russia to launch into a price war, …

Source: CNBC

Oil markets in ‘inflection phase’ after historic week of trade, Goldman Sachs says

CNBC


The widow-making collapse in oil prices came to a pause in Asia trade on Thursday, but analysts aren’t convinced that the worst sell-off in oil market history is over yet.

“We think that this is the inflection phase,” Goldman …

Source: Reuters

Oil market shrugs off Libya crisis

Reuters


LONDON (Reuters) – Oil prices fell more on Tuesday on expectations that a well-supplied market would be able to absorb disruptions that have cut Libya’s crude production to a trickle.

Brent crude LCOc1 was down 37 cents at $64.83 …

Source: nasdaq.com

What deeper OPEC+ oil output cuts mean for the market

Reuters


Saudi Arabia and Russia led a deal on Friday in which OPEC and its allies committed to deeper oil output cuts in the first quarter of 2020 aiming to avert oversupply and support prices.

The group of more than …

Iran’s Ability to Influence Oil Market is Limited: U.S.’s Perry

Iran’s Ability to Influence Oil Market is Limited: U.S.’s Perry

From Reuters


The rise in new suppliers of oil and gas has reduced the ability of Iran to influence global oil markets, U.S. Energy Secretary Rick Perry said on Monday.

The price of crude LCOc1 jumped on Monday following Iran’s …

RBC Examines 3 Paths to Oil Rebalance

RBC Examines 3 Paths to Oil Rebalance

U.S. crude oil stocks at this point in 2017 have dropped below the record highs of 2016. But inventories are still high. So in the face of predicted increasing oil production from shale in 2017, rebalancing inventories will be difficult, …