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EIA data about U.S. crude oil exports showed these had hit a record-high of 1.98 million bpd. This is the highest weekly average since exports were once again allowed, after a four-decade ban. Last week’s figure also beat the …
Prices will be affected by the end of the summer surge in fuel consumption
but $60-plus tough to sustain
The IEA said it is time to reexamine the the US energy security
Oil trades near 3-week high as refineries restart in the U.S.
They are influenced by Hurricane Harvey and America’s refining capacity cut
Unitisation of joint fields is a way of shoring-up economic diplomacy in an unstable region
Lower crude production from Venezuela would support the oil market, which has been oversupplied for years
U.S. shale oil producers are now a low-cost global competitor
U.S. Supplies Seen Lower
Following Positive Demand Signals
Crude oil prices come under pressure from doubts over whether or not there's an enduring appetite to voluntarily keep production levels lower
The market anticipated a drop in U.S. crude inventories
but under threat from U.S. supply
U.S. shale output presses on oil prices, according to Goldman Sachs
If you take away the backup supply, you prop up the price of oil
Most OPEC producers are supporting the Saudi-Russian proposal for an extension of the production cuts until March 2018
Russia is on board with production cuts as seasonal supply declines are nearing
OPEC isn't the most important player in the market any more
as Industry Said to Report Stockpile Plunge
