Post Tagged with: "oil supply"

Iran Hasn’t Cut Offshore Oil Output, Halted Exports: IOOC Head

Iran Hasn’t Cut Offshore Oil Output, Halted Exports: IOOC Head

From Bloomberg

Iran’s offshore oil production hasn’t seen any reduction and the country just loaded crude for export, said Hamid Bovard, head of the Iranian Offshore Oil Co.

It loaded the latest batch of crude from its offshore fields for …

Are the Oil Bulls Getting Ready to Run?

Are the Oil Bulls Getting Ready to Run?

We Have Created a Significant Supply Gap in the Years to Come: Andurand

Pierre Andurand, one of the foremost prognosticators of the oil collapse, has declared the beginning of a bull run on oil prices that will likely span the …

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 …