Tag: crude

Commercialization, Conventional Fuels

OPEC reportedly considering large production cut as coronavirus prompts crude collapse

February 3, 2020

Via: CNBC energy

OPEC and its allies could cut production by more than a million barrels a day at a rescheduled meeting this month, as policymakers work to arrest a double-digit collapse in the price of oil. “I think it is a ‘go […]

Chemical, Conventional Fuels, News and Policies, U.S.

US Tight Oil Piles Pressure On Refiners

September 27, 2018

Via: Forbes

US tight oil has revolutionized the global oil market. It is a strongly growing source of high-quality crude, the economics of which proved resilient to OPEC’s competition for market share. Brent – WTI differentials have been volatile, as producers and […]

Commercialization, Conventional Fuels

World Energy Outlook: oil-price pressure

November 16, 2017

Via: Petroleum Economist

While crude demand will grow over the long-term, vast US reserves and lower cost production will keep a lid on prices, says the International Energy Agency The need to replace existing oil reserves, if nothing else, is likely to keep […]

Chemical, Conventional Fuels

Oil dips amidst global oversupply

March 10, 2016

Via: CNBC energy

Oil prices dipped on Thursday after U.S. crude hit 2016 highs the day before and Brent shot back over $40 per barrel, with analysts warning that larger gains would be unwarranted as a global glut continues to outweigh strong demand. […]

Commercialization, Conventional Fuels

Brent holds above $40 as investors call bottom

March 8, 2016

Via: CNBC energy

Oil prices fell on Tuesday on weak Chinese trading data, but Brent remained over $40 a barrel after jumping to 2016 highs the previous day when producers announced talks to support the market and investors opened new bullish bets. Brent […]

Chemical, Conventional Fuels

Oil prices climb as Iran endorses oil output cap

February 18, 2016

Via: CNBC energy

Crude futures rose in Asian trade on Thursday after Iran welcomed plans by Russia and Saudi Arabia to cap production, although analysts said the move would not lead to any output cuts and Tehran offered no action of its own. […]

Commercialization, Conventional Fuels

Oil lender: We assume $40 crude out to 2020

February 8, 2016


Cullen/Frost Bankers Chairman and CEO Dick Evans said Monday his stress test model looks for a $28 per barrel bottom for oil, and a historically low level of $40 per barrel out to 2020. Energy loans make up for over […]