Tag: Reuters
Oil prices struggle as US output outweighs OPEC deal optimism: Reuters poll
Oil prices not expected to hit $60/barrel until 2018 In a Reuters poll, oil analysts who are pessimistic that OPEC’s supply cut will offset the increase in US production, do not believe oil prices will reach $60/barrel until early 2018. The March poll of 32 economists shows analysts expect Brent crude to average $57.07/barrel, slightly lower […]
OPEC is back in business and the market is sceptical: Kemp
Commentary about OPEC, output agreements tends to obsess about personalities and negotiating process The agreement, coming after many observers had written off the possibility of a deal, initially pushed crude prices sharply higher (“Saudi Arabia squeezes hedge funds with bearish bets on oil“, Reuters, Oct. 10). Flat prices and timespreads firmed as traders concluded the accord […]
US coal industry hopes for respite after perfect storm: Kemp – Reuters News
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 […]
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