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2015-09-01 18:50:00

OPEC GAINS 2016

OPEC GAINS 2016

While OPEC's fight to snatch market share from rival oil producers might look like a costly failure as prices languish below $50 a barrel, an entirely different picture could emerge next year.

Supplies outside OPEC are expected to contract in 2016 for the first time since 2008, sliding by 200,000 barrels a day, according to the International Energy Agency. With consumption set to grow by 1.4 million barrels a day, OPEC and its de facto leader Saudi Arabia could seize the chance to broaden their market as competitors damaged by the price slump fall off.

"To declare their policy a failure is a pretty big leap,"…

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Tags: OPEC, OIL, PRICES
Chronicle:
OPEC GAINS 2016
2019, November, 13, 12:37:00
NEW FRONTIERS IN RENEWABLE ENERGY
Longdom welcomes you to attend the New Frontiers in Renewable Energy and Resources during November 18-19, 2019 at Rome, Italy. We cordially invite all the participants interested in sharing their knowledge and research in the arena of Renewable Energy and Environment science and Engineering.
OPEC GAINS 2016
2019, November, 13, 12:35:00
ARAMCO'S LNG FOR BANGLADESH
ACWA Power and Saudi Aramco signed a deal with Bangladesh Power Development Board to develop a 3,600-megawatt LNG-based power plant and terminal in the country.
OPEC GAINS 2016
2019, November, 13, 12:30:00
EXXON'S INVESTMENT FOR UAE $6.5 BLN
ExxonMobil has invested around US$6.5 billion in Upper Zakum oilfield since its involvement in the offshore field in 2006, according to Christian G. Lenoble, President and UAE Lead Country Manager of Exxon (Al-Khalij) Inc.
OPEC GAINS 2016
2019, November, 13, 12:25:00
FRANCE'S NUCLEAR POWER DOWN 7.6%
EDF said total output since the start of the year stood at 317.3 TWh, down 1.3% compared with the same period a year ago.
OPEC GAINS 2016
2019, November, 13, 12:20:00
LUKOIL PRODUCTION +1.6%
For the nine months of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project amounted to 2,337 thousand boe per day, which is 1.6% higher year-on-year.
OPEC GAINS 2016
2019, November, 13, 12:15:00
6TH MOZAMBIQUE GAS SUMMIT
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OPEC GAINS 2016
2019, November, 11, 13:25:00
OIL PRICE: NOT ABOVE $62 ANEW
Brent was down 69 cents, or 1.1%, at $61.82, WTI was 63 cents, or 1.1%, lower at $56.61 a barrel
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