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2014-07-14 19:00:00

OIL MARKET OUTLOOK 2015

OIL MARKET OUTLOOK 2015

The oil market outlook in 2015

Despite some weakness in the first half of the year, the world economy continues to recover. Global GDP growth in 2014 is now forecast at 3.1%, slightly higher than the estimated 2.9% for 2013. The US experienced a surprisingly large contraction in economic activity in the first quarter due to severe winter weather, leading to a downward revision in US GDP growth to 1.6% from 2.4% previously. However, with the US economy…

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Tags: OPEC, OIL, CRUDE, WORLD, ECONOMY, DEMAND, SUPPLY, MARKET,
Chronicle:
OIL MARKET OUTLOOK 2015
2019, May, 22, 10:35:00
CANADA'S GDP GROWTH 1.5%
Real GDP growth is projected to decline to 1.5 percent in 2019, partly reflecting a disappointing first quarter and more subdued global growth.
OIL MARKET OUTLOOK 2015
2019, May, 22, 10:30:00
INDONESIA'S GDP GROWTH 5.2%
Real GDP growth reached 5.2 percent in 2018, and is expected to remain at 5.2 percent in 2019, driven by robust domestic demand growth and supported by recovering bank credit.
OIL MARKET OUTLOOK 2015
2019, May, 22, 10:25:00
RUSSIA,RWANDA NUCLEAR
On the May 16, 2019, in Moscow, the roadmap for establishing Russian-Rwanda cooperation in the peaceful uses of atomic energy was signed.
OIL MARKET OUTLOOK 2015
2019, May, 21, 15:55:00
OIL PRICE: ABOVE $72 ANEW
Brent crude futures, the international benchmark for oil prices, were at $72.31 per barrel at 1030 GMT, up 34 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 42 cents, or 0.7 percent, at $63.52 per barrel.
OIL MARKET OUTLOOK 2015
2019, May, 21, 15:45:00
BALANCED OIL MARKET
Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals.
OIL MARKET OUTLOOK 2015
2019, May, 21, 15:40:00
OPEC+ WILL STAY
"We want to bring inventories down to a more normal levels," Falih said. "We need to stay the course and do that in the weeks and months to come."
OIL MARKET OUTLOOK 2015
2019, May, 21, 15:35:00
OPEC+ RUSSIA COOPERATION
Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end, from easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets.
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