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All publications by tag «OPEC»

All publications by tag
2015, February, 7, 17:05:00

2015-16: OIL SUPPLY GROWTH

A Deloitte MarketPoint analysis suggested large-field projects, each producing more than 25,000 b/d, could bring on 1.835 million b/d in oil supply this year of which 635,000 b/d would be from members of the Organization of Petroleum Exporting Countries and the rest from non-OPEC productions.

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2015, January, 27, 20:50:00

OIL PRICE: $200

OPEC’s secretary-general said oil prices as high as $200 a barrel are possible if producers fail to invest in new supply.

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2015, January, 27, 20:40:00

SAUDI'S OIL FALLING

As the world’s oil producers wring their hands over a global glut that’s pushing down prices, evidence is mounting that Saudi Arabia is more concerned about shrinking demand.

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2015, January, 27, 20:35:00

SAUDI WON'T BALANCE

Saudi Arabia won’t balance global crude markets on its own even as prices fall “too low for everybody” and threaten the investment needed to meet long-term demand, the head of Saudi Arabian Oil Co. said.

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2015, January, 25, 17:39:00

OIL PRICE COLLAPSE

After more than three years of US$100-110 per barrel oil, prices collapsed by nearly 50 percent in late 2014 as the market lost its "manager" after OPEC refused to cut production.

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2015, January, 25, 17:15:00

OPEC WILL CUT

Iran's oil minister is expressing hope that the OPEC oil cartel will begin cutting production in order to shore up plunging oil prices.

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2015, January, 21, 20:00:00

ENI: OPEC MUST ACT NOW

The head of Italian energy company Eni Spa urged OPEC on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now.

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2015, January, 17, 22:15:00

OIL PRICE EXPECTATIONS

The growing uncertainty surrounding oil prices presents a major challenge to all price forecasts. EIA's January Short-Term Energy Outlook (STEO), released yesterday, forecasts Brent crude oil prices averaging $58/bbl in 2015 and $75/bbl in 2016, with annual average WTI prices expected to be $3/bbl to $4/bbl below Brent.

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2015, January, 17, 21:50:00

OPEC: OIL DEMAND IS GROWING

In 2015, world oil demand is anticipated to rise by 1.15 mb/d, following an upward revision of 30 tb/d due to expectations of higher oil requirements in OECD America and Other Asia.

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2015, January, 11, 14:10:00

U.A.E.: OIL OVERSUPPLY

Oversupply in crude markets could take months or even years to fix depending on when producers outside OPEC cut their output, Abu Dhabi-based The National reported, citing comments by U.A.E. Energy Minister Suhail Al Mazrouei.

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