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EIA: Brent Prices To Average $53 In 2017

EIA: Brent Prices To Average $53 In 2017

As a result of rising…

Expert Commentary: Flood Of Imported Crude Caps Oil Prices

Expert Commentary: Flood Of Imported Crude Caps Oil Prices

Already tightening oil markets continue…

Energy / Oil Prices

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Expert Commentary: Flood Of Imported Crude Caps Oil Prices

Jan 13, 2017 at 15:04 | SCS OTC Corp

- In recent notes we’ve cited output gains in Libya, stubbornly high Cushing inventories and OPEC skepticism as the key bearish culprits keeping a lid on an otherwise tightening crude…

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EIA: Brent Prices To Average $53 In 2017

Jan 12, 2017 at 10:56 | Tsvetana Paraskova

As a result of rising oil prices in December, the U.S. Energy Information Administration has increased its forecast for both Brent and WTI crude oil prices by $2, and…

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Oil Drops As Signs Of Rising U.S. Output Offset OPEC Optimism

Jan 09, 2017 at 09:35 | Tsvetana Paraskova

Oil prices were down in early Monday trade after Baker Hughes reported on Friday yet another rise in the U.S. rig count, which, coupled with a stronger dollar, was more…

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Oil Price Rebound May Come Too Late For UK Oil Sector

Jan 06, 2017 at 17:47 | Tsvetana Paraskova

The ‘lower for longer’ oil price reality of the past two years has spared virtually no one in the industry, and the UK’s oil and gas companies have been among…

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The Oil Supply Glut Is Here To Stay In 2017

Jan 05, 2017 at 13:42 | Irina Slav

It has become painfully obvious that the much-hyped OPEC agreement to reduce global oil production by close to 2 million bpd won’t have the effect that its initiators had hoped…

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Why Russia Expects $40 Oil This Year

Jan 04, 2017 at 15:36 | Irina Slav

Budget deficit is a fascinating thing. It can turn around economies if it’s large enough or it can highlight their resilience, if it turns out to be not as large…

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Shrinking Contango Points To OPEC Deal Success

Jan 04, 2017 at 15:02 | Nick Cunningham

The OPEC deal has sparked a rally in prices over the past few weeks, and crucially, it has also started to alter the shape of the futures curve, which could…

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2017 – A Quiet Year For Oil?

Jan 04, 2017 at 10:28 | Michael McDonald

After several years of turmoil, 2017 could provide investors with the mercy of a relatively quiet year for oil prices. There are reasons to be optimistic about prices going into…

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Back To Black: At $50 Oil, Russia Could Soon Be Deficit-Free

Jan 03, 2017 at 14:58 | Irina Slav

Thanks to non-oil budget income, Russia has entirely offset the negative effects from lower oil prices in 2016, Finance Minister Anton Siluanov said at the end of 2016. What’s…

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Goldman Sachs: Oil Prices To Remain Under $60 In H1 2017

Jan 03, 2017 at 09:32 | Tsvetana Paraskova

On the back of OPEC cuts, Goldman Sachs expects WTI oil prices to rise to US$57.50 in the first half this year as reduced supply would move the market into…

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