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McKinsey report forecasts global refining capacity growth to exceed demand until 2020
Dec 08,2016
LONDON, UK -- McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, forecasts that until 2020, global refining will move towards lower utilization Read More
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Crude Oil Prices Vulnerable as US Jobs Data Interrupts OPEC Rally
Dec 02,2016
Crude oil prices continued to push higher as markets continued to on-board a last-minute OPEC output cut accord The WTI benchmark has posted the largest two-day rally in 11 months Participation from key non-OPEC producers Read More
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Oil Trades Near $48 as OPEC Negotiates Cut With Iran, Russia
Nov 25,2016
Futures were little changed in New York Algeria’s Energy Minister Noureddine Boutarfa will travel to Tehran on Saturday in an effort to bring a deal closer, said a person familiar with the matter OPEC ministers scheduled a breakfast with non members Read More
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Crude Oil Prices Stall as Gold Drops on Upbeat US Economic Data
Nov 25,2016
Crude oil prices drifted sideways despite seemingly supportive news-flow coming across the wires First, Iraq’s Prime Minister Haider Al-Abadi said his country will participate in an OPEC production cut deal, reversing previous demands for an exemption Read More
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Iraq says it will participate in OPEC deal to cut output
Nov 24,2016
Iraq will shoulder part of the burden of oil-output cuts, said Prime Minister Haider Al-Abadi, reversing the nation’s previous insistence for an exemption and potentially removing an obstacle to an OPEC deal next week Read More