
North Sea Oil Floods to Asia Like Never Before on OPEC Cuts
The aim of current cuts to reduce inventories to below their five-year average has failed
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The aim of current cuts to reduce inventories to below their five-year average has failed
But increasing shale production in the U.S. and still-high global stocks threatened to pull prices lower
There are zones of cooperation that have not yet been affected by either sanctions or political complexities
American Exports Hit Record
Amid surging US shale
U.S. oil production growth was almost entirely the result of offshore wells
OPEC will have to extend its oil output curbs in order to sustain a recovery in prices
Oil prices have entered a bearish trend despite short-term bounces, supply cuts and improved demand estimates
US shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC's strategy to tighten global supplies. As shale firms rebound from a two-year …
U.S. crude stockpiles are jeopardizing OPEC’s efforts to drain a global surplus
OPEC sees shale oil rising, while Europe sees short-term economic woes ahead
Flows of U.S. crude oil to Asia become more commercially profitable
Despite 91% OPEC Compliance
Underlying supply-side strains increase as oil markets recover
The world's oil producers are trying to comply with a deal to pump less in an attempt to prop up prices
The lingering impacts of the rebound in North American drilling activity and overseas pessimism over U.S. President Trump sent oil prices lower early Monday
U.S. President Donald Trump’s pledge to make America independent from OPEC isn’t a new refrain in Washington
While Its Own Output Declines
Good news for oil exporters, but bad news for oil importers and refiners
Most analysts see tighter-than-previously-envisaged balances for 2017