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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
2020, April, 7, 11:45:00
RUSSIA'S NUCLEAR FOR EGYPT
ROSATOM’s TVEL Fuel Company, and the Egyptian Atomic Energy Authority have signed 10-years term contract for supply of low-enriched nuclear fuel components,
OPEC GAINS 2016
2020, April, 6, 15:00:00
OIL PRICE: NEAR $33
Brent was down $1.23, or 3.6%, at $32.88 a barrel, WTI was $1.01, or 3.6%, lower at $27.33 a barrel
OPEC GAINS 2016
2020, April, 6, 14:40:00
SAUDI ARABIA, RUSSIA OIL DEAL
Saudi Arabia raised its crude output to 12.3 million bpd on April 1 and said it planned to export to more than 10 million bpd starting from April.
OPEC GAINS 2016
2020, April, 6, 14:35:00
#OilPriceWar: OPEC+ DELAY TO APRIL 9
"Russia was not a supporter of ending the OPEC+ deal. President Putin and the Russian side are overall inclined towards a constructive negotiation process, there is no alternative for stabilizing the international energy market,"
OPEC GAINS 2016
2020, April, 6, 14:10:00
ENERGY FOR SMART CITIES
A major shift in the transportation sector is underway towards greater electrification and intelligence in our cars, busses, trucks and rail systems and proliferation of our autonomous driving vehicles.
OPEC GAINS 2016
2020, April, 6, 14:05:00
U.S. UNEMPLOYMENT 4.4%
the U.S. unemployment rate rose to 4.4 percent
OPEC GAINS 2016
2020, April, 6, 14:00:00
WORLDWIDE RIG COUNT DOWN 161 TO 1,964
The worldwide rig count for February 2020 was 2,125, up 52 from the 2,073 counted in January 2020, and down 181 from the 2,306 counted in February 2019.
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