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World Bank Lifts 2016 Crude Price Forecast But Glut Continues

World Bank Lifts 2016 Crude Price Forecast But Glut Continues

Following robust demand for crude and significant disruptions to supply, the World Bank adjusted it 2016 forecast from $41 to $43 per barrel

22 hours ago
Low Oil Prices Kill Off 7 Billion Barrels Of Oil Production

Low Oil Prices Kill Off 7 Billion Barrels Of Oil Production

Wood Mackenzie believes that the $370 billion reduction in capex for 2016 and 2017 will result in 7 billion fewer barrels of oil through 2020.

2 days ago
Oil Bust Endures For Big Oil As Refining Margins Deteriorate

Oil Bust Endures For Big Oil As Refining Margins Deteriorate

Despite the ongoing move towards balance, the third and fourth quarters still hold large pitfalls for the oil majors which see margins in both upstream and downstream decline

2 days ago
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