Tag: crude oil production

Commercialization, Conventional Fuels

Oil Prices Face Double Whammy In 2020

December 30, 2019

Via: Forbes

Oil traders should look out below for the next 12 months. Next year, the energy market faces a double whammy of a supply glut and lackluster demand that could send prices for crude oil down more than 10% from current […]

Commercialization, Conventional Fuels

The Most Underappreciated Story In The Oil Market

May 15, 2018

Via: Energy Collective

The key oil demand growth center—China—has just beaten its own imports and refinery runs records, as refined oil product exports jump and domestic crude oil production hits seven-year-lows. While all eyes are riveted on Iran and the Middle East, the […]

Energy Consumption, Global

Crude oil prices increased in 2016, still below 2015 averages

January 4, 2017

Via: US Energy Information Administration

Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/b—down $5/b from 2015—the WTI price ended 2016 at $53/b, $16/b higher than at the […]

Commercialization, Conventional Fuels

Oil prices fall as supply outlook improves

June 30, 2016

Via: Reuters

Oil prices fell in early trade on Thursday, with Brent futures struggling to defend $50 per barrel as fears over strike outages in Norway faded and as Nigeria’s production improved. International Brent crude oil futures were trading at $50.10 per […]