Tag "oil glut"
3 reasons why an OPEC production cap is still unlikely
Despite a recent announcement that OPEC will meet in September, a number of factors mean that any deal to cap production is still extremely unlikely.
The end of OPEC as we know it?
U.S shale, the global oil glut, and Riyadh’s move to diversify away from oil, all sound the death knell for OPEC as we know it.
Doha meeting reveals Opec’s inability to control global oil prices
The recent Doha meeting of major oil producers failed to agree oil output freeze deal and confirmed the existence of deep disagreements within Opec.
Global oil glut could further depress oil prices
With the global oil supply expected to outpace demand in 2015 and 2016, there is a growing risk from an oil glut that might further slash oil prices. The 50 percent
Oil glut could pose risk for U.S. shale oil revolution
With oil production reaching a historic peak, the U.S. may have to reconsider its 40-year-old ban on oil exports. The year 2014 could pose a milestone for the U.S. oil
