Tag: Reuters

Oil prices struggle as US output outweighs OPEC deal optimism: Reuters poll

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 […]

By March 31, 2017 0 Comments Read More →
OPEC is back in business and the market is sceptical: Kemp

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 […]

By October 25, 2016 0 Comments Read More →
US coal industry hopes for respite after perfect storm: Kemp – Reuters News

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 […]

By October 19, 2016 0 Comments Read More →