Tags » Oil Supply

Oil Producers to Look at Extending Oil-Output Cut by Six Months

A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. 850 more words


Sultans of Swing- Oil prices and the global Economy

“Oil is almost like Money.” – A crazed oil Tycoon

Oil is the world’s biggest and most pervasive business, the greatest of the great industries that arose in the last decades of the nineteenth century.

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'Genocide' In Yemen As Saudi Arabia, U.S. Grab 63% Of Oil Supply 

Source: Your News Wire, by Baxter Dmitry

Saudi Arabia and the United States are carrying out a “genocide” while the world turns a blind eye, unaware that Yemen is being invaded for its vast oil reserves.  307 more words

World At WAR

Global Oil & Gas: Oil supply to lag demand after 2020 unless new investments are approved soon

Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency. 467 more words

Mozambique Oil And Gas Industry

When OPEC cuts oil production does the price of oil always rise?

Oil is a hugely important commodity which powers the industrial world – from providing reliable energy to power homes, businesses and transport, to forming a range of materials (including plastics) that are used the world over. 481 more words


Putin's new OPEC role reflects the toll of low oil prices on Russia [IBD quotes me]

I was interviewed by Gillian Rich at Investors Business Daily (Washington, DC) on non-OPEC Russia’s role in the production cut.  The article of December 9, is below. 1,936 more words

Oil Prices Start to Recover After OPEC Meeting Disagreement

Oil prices regained some ground after steep losses made since Friday in choppy trading ahead of a planned producer meeting on Wednesday aimed at reining in global oversupply. 408 more words