oil glut - Shale Directories

Joe Barone, Shale Directories
Blog
March 27, 2019

Crudes rise as supply cuts overcome economic worry

Crude oil rose sharply Tuesday as Opec+ supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to a potential worldwide economic slowdown.

Joe Barone, Shale Directories
Blog
March 15, 2019

Crude futures reach four-month highs

Brent and West Texas Intermediate crude oil futures reached four-month highs Thursday, as production cutbacks by Opec+, along with U.S. sanctions on Iran and Venezuela, tightened global supplies.

Joe Barone, Shale Directories
Blog
March 11, 2019

Saudi minister says U.S., China driving oil demand

Saudi oil minister Khalid al-Falih said Sunday China and the U.S. would lead healthy global demand for oil this year, but it would be too early to change Opec+ output policy at the group’s April meeting, Reuters reported.

Joe Barone, Shale Directories
Blog
March 5, 2019

Opec+ drains glut, mission accomplished by April: Goldman

Opec and its allies will probably achieve their goal of draining the crude oil glut while boosting prices by next month, according to Jeff Currie, global head of Commodities Research at Goldman Sachs.

Joe Barone, Shale Directories
Blog
February 19, 2019

Brent dips, still set for biggest 1st-quarter jump in 8 years

The price of Brent crude oil slipped slightly Monday, but remained on track for its strongest first quarter in eight years, due to growing confidence among investors that Opec’s supply cuts will prevent an oil glut.