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How Global Oil Flows Might Look After OPEC’s Supply Shock

EghtesadOnline: OPEC’s quest to end a global crude glut already snapped a two-year slump in oil prices. Now attention is turning to how the group’s surprise decision to cut output will transform international trade flows of the world’s most important commodity.
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Publish Date:17/December/2016 | 06:46

Oil surges after output cuts, strong dollar weighs

EghtesadOnline: Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed to cut oil output to ease a global glut, while the U.S. dollar extended gains before a Federal Reserve meeting this week, at which a rate hike is widely expected.
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Publish Date:12/December/2016 | 05:21

Oil steadies on doubts output cut will end global glut

EghtesadOnline: Oil prices steadied on Wednesday as investors waited to see if OPEC and Russia would deliver promised production cuts designed to end a supply overhang that has weighed on the market for more than two years.
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Publish Date:07/December/2016 | 10:59

Oil prices dip on scepticism ahead of OPEC meeting

EghtesadOnline: Oil prices dipped on Tuesday on doubts that producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in a global supply overhang and propping up prices.
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Publish Date:29/November/2016 | 06:03

Oil prices fall over doubts of planned crude output cut

EghtesadOnline: Oil prices fell on Monday, adding to Friday's steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply.
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Publish Date:28/November/2016 | 09:23

An OPEC Oil Price Surge May Not Last, IEA Says

EghtesadOnline: An oil price surge triggered by a successful OPEC agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency.
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Publish Date:24/November/2016 | 17:20

Oil prices ease on doubts OPEC-led cut will end glut

EghtesadOnline: Oil prices edged lower on Wednesday on investors' doubts that OPEC would agree a large enough production cut to significantly reduce the global surplus when it meets next week.
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Publish Date:23/November/2016 | 15:47

Oil prices climb on expectation of OPEC-led output cut

EghtesadOnline: Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.
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Publish Date:21/November/2016 | 06:08

Oil prices rise on Saudi optimism over OPEC deal

EghtesadOnline: Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed evidence of global oversupply and rising inventories, particularly in the United States.
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Publish Date:17/November/2016 | 16:23

Oil extends losses after report shows surprise U.S. stocks build

EghtesadOnline: Crude oil prices fell for a fourth day on Wednesday, as jittery investors awaited official U.S. stockpile figures later in the day after industry data showed a surprise build in inventories, underlining a persistent global glut.
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Publish Date:02/November/2016 | 05:20

OPEC May Need Help to End the Global Glut of Oil

EghtesadOnline: Even if OPEC defies a skeptical market by implementing output cuts in full, it still won’t drain the ocean of surplus oil already pumped from the ground.
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Publish Date:28/October/2016 | 16:00

Oil Market Glut Grows Bigger as Saudi Arabia Says Worst Is Over

EghtesadOnline: Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50 a barrel. But dig deeper into the world of physical oil, and bearish signals abound, at least in the European market that helps dictate global prices.
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Publish Date:22/October/2016 | 08:54

OPEC set for no deal as Iran rejects Saudi oil output offer

EghtesadOnline: Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
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Publish Date:28/September/2016 | 05:08

Oil Glut Set to Worsen as Nigeria and Libya Fields Restart

EghtesadOnline: Amid the most enduring global oil glut in decades, two OPEC crude producers whose supplies have been crushed by domestic conflicts are preparing to add hundreds of thousands of barrels to world markets within weeks.
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Publish Date:15/September/2016 | 09:27

IEA Changes View on Oil Glut , Sees Surplus Enduring in 2017

EghtesadOnline: The surplus in global oil markets will last for longer than previously thought, persisting into late 2017 as demand growth slumps and supply proves resilient, the International Energy Agency said.
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Publish Date:14/September/2016 | 06:23

Oil prices reverse early losses, but glut worries cap gains

EghtesadOnline: Crude prices reversed early losses on Monday as the dollar lost its momentum, but persistent concerns over a global glut despite some signs producers may try to tackle weak oil futures kept a lid on gains.
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Publish Date:05/September/2016 | 08:27