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IEA: Market Shows Waning Confidence In Oil Rebalancing

IEA: Market Shows Waning Confidence In Oil Rebalancing

The International Energy Agency has…

Energy / Oil Prices

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Are Deeper Cuts OPEC’s Only Option?

Jul 14, 2017 at 15:41 | Osama Rizvi

Despite the November, 2016 Vienna crude oil agreement among OPEC and certain non-OPEC (NOPEC) producers and its subsequent May 2017 extension, the global crude oil market is still burdened…

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Ignore The Hype: Oil Is Rangebound

Jul 14, 2017 at 15:21 | Nick Cunningham

Investors can be forgiven if they are more puzzled than ever regarding the trajectory of oil prices. The gyrations over the past month have induced a sense of deep despair,…

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Oil Prices Inch Higher Despite Rising Saudi Exports

Jul 14, 2017 at 12:32 | Matt Smith

We've had more energy-related newsflow than we can shake a stick at this week, but as we head into the weekend, hark, here is a cornucopia of crude and energy-related…

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‘’Oil Market Rebalancing Hasn’t Even Started Yet’’

Jul 13, 2017 at 16:33 | Nick Cunningham

Global oil production surged in June “as producers opened the taps,” according to a new report from the International Energy Agency (IEA). OPEC was a major culprit, with Libya and…

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Capping Libya, Nigeria Output Won’t Help Erase The Glut

Jul 13, 2017 at 13:21 | Tsvetana Paraskova

The steady recovery of oil production in Libya and Nigeria in recent months has prompted OPEC to consider limiting the output of the two African producers that are currently…

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IEA: Market Shows Waning Confidence In Oil Rebalancing

Jul 13, 2017 at 10:57 | Tsvetana Paraskova

The rebalancing of the oil market is taking too long, the International Energy Agency (IEA) said in its Oil Market Report on Thursday. Since the record net long position…

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Halliburton Sees Oil Price Spike By 2020

Jul 13, 2017 at 09:04 | Zainab Calcuttawala

U.S. construction and fracking major Halliburton believes the oil market crash that has lasted three years will cause oil prices to spike by the year 2020, according to World Oil.…

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Are Supermajors Spooked By Peak Oil Demand?

Jul 12, 2017 at 16:18 | Gregory Brew

Will the world’s appetite for crude oil ever be sated? For decades, it was widely presumed that demand for petroleum would grow steadily in line with the expansion of the…

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Oil Markets Pessimistic Despite Bullish News

Jul 12, 2017 at 13:06 | Tsvetana Paraskova

The sentiment in the oil market has soured so much over the past two months that investors seem to be reacting to every piece of bearish news, and largely ignoring…

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Goldman: Oil Prices To Fall Below $40 If Shale Doesn’t Slow

Jul 11, 2017 at 16:34 | Nick Cunningham

Oil prices could soon fall below $40 per barrel if there isn’t a sustained drawdown in U.S. crude inventories and rig counts or without bold action from OPEC. That prediction…

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