By Kristine Petrosyan, Oil Market Analyst, International Energy Agency There is more than one way to look at oil-market balances. The IEA uses a straightforward approach: supply minus demand, which we report in the monthly Oil Market Report as “Total stock changes and Miscellaneous.” Part of the calculation can be easily explained by changes in OECD stocks, […]
Commentary: Looking for balance in the oil market Read More »
Global oil demand growing faster than expected, latest IEA estimate for 2017 raised to 1.5 million b/d The re-balancing of the oil market desired by the leading producers has been a stubborn process and it takes time for the numbers to confirm what many observers instinctively feel has already happened, according to the International Energy
Lower OPEC compliance rates are muddying global oil rebalance – IEA Read More »
No country wants to make OPEC concessions on output until a collective agreement on production allocations By John Kemp LONDON, Nov 11 (Reuters) – OPEC members are making the task of oil market rebalancing harder by maximising their production ahead of a ministerial conference at the end of Nov.. OPEC output is actually increasing, putting
OPEC plays the chicken game while oil prices fall: Kemp – Reuters News Read More »
Coal market rebalancing will have ripple effects through supply chain, especially on railroads, diesel market By John Kemp LONDON (Reuters) – US coal producers have been struck by a range of structural and cyclical factors that hit consumption hard and forced many of them to seek bankruptcy protection during 2015 and 2016. The problem of excess coal
US coal industry hopes for respite after perfect storm: Kemp – Reuters News Read More »
Oil companies included in analysis are 39 public US producers operating only onshore fields Although the crude oil price decline since 2014 has led to significant reductions in operating cash flow for US oil companies, their immediate financial situations are improving. As oil companies’ spending falls and crude oil prices increase, the need for oil
US oil companies closer to balancing capital investment with operating cash flow Read More »
