Tag: Crude Supply

OPEC output cuts to be extended to year end: OPEC panel recommendation

OPEC output cuts to be extended to year end: OPEC panel recommendation

OPEC output cuts compliance at 98 per cent in March The OPEC and non-OPEC Joint Technical Committee (JTC) has recommended that the OPEC output cuts that began in January and were to end in June be extended to the end of the year, according to a Reuters’ source. Last January, a┬ánumber of OPEC and non-OPEC […]

By April 21, 2017 0 Comments Read More →
Opinion: Is oil market rebalancing delayed or derailed?

Opinion: Is oil market rebalancing delayed or derailed?

Oil market rebalancing as global stockpiles draining By John Kemp LONDON, April 12 – Oil market rebalancing has been pushed back by a few months rather than pushed off course, if recent movements in crude futures prices are to be believed. Brent futures prices for June delivery have risen in 10 of the last 11 […]

By April 12, 2017 0 Comments Read More →