Tags » Oil Supply

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


Why a Coming Gap in the Supply of Oil Is Unlikely

Is the oil exploration & production spending supply hole real and will it result in a production gap in a couple of years?

The oil industry and its analysts have begun to focus on how capital spending has declined so much recently that we could find that we do not have enough oil within a couple of years to meet demand.   93 more words

Oil Production

Oil Tankers Used to Store Millions of Barrels as Land Sites Fill

Oil companies booked tankers to store as many as 9 million barrels of crude in northwest Europe amid signs that space in on-land depots is filling up, a ship-operator said. 149 more words

Oil Storage

Oil Prices Slip as Investors Wonder Whether OPEC Deal Will Be Enough

Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb oil production – the group’s first such deal since 2008 – would be enough to rebalance a heavily over-supplied world market. 359 more words


Saudi Arabia Reportedly Offers to Cut Oil If Iran Freezes Output

Saudi Arabia has offered to lower its own oil production if rival Iran agrees to cap its output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters. 100 more words