Tag Archives: OIL MARKET
Oil traders expect a tighter market in 2018
:: While the headlines have been dominated by the devastation wrought by Hurricane Harvey, oil traders have quietly become more bullish, or at least less bearish, about 2018. Brent calendar spreads have resumed their steady march from contango toward backwardation
Why OPEC needs to think outside the box
By : Wael Mahdi :: The outlook for the oil market over the coming few years is scary — not because there will be no demand for oil, but because it is becoming extremely hard to predict developments. Andy Hall,
What to consider when analyzing the oil markets
By : Cornelia Meyer :: The Organization of the Petroleum Exporting Countries (OPEC) will meet on May 25 in Vienna and in all likelihood extend the production cuts of 1.2 million barrels per day (bpd) until the next meeting in
Oil market will take time to stabilize, says Al-Naimi
Minister of Petroleum and Mineral Resources Ali Al-Naimi said on Sunday it would take “some time” to restore stability to the global oil market in the midst of a glut, but he remained optimistic about the future. Al-Naimi’s comments come
Chance of oil falling below $20 is under 50%: Goldman Sachs
Goldman Sachs head of commodities research and commodities bear Jeff Currie said that he does not see the price of oil breaking above $50 a barrel in the next year, but the chances of it dropping to $20 are below
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