Related Articles
Forward article link
Share PDF with colleagues

Crude prices continue to fall below $100 a barrel

Oil prices continued their decline into September, with Brent crude falling well below the $100 a barrel (/b) mark and WTI trading below $95/b

Surging US unconventional production and robust Opec output, led by Saudi Arabia, has helped to offset concerns arising from persistent violence and production disruptions in Iraq, Libya and elsewhere. Yet the International Energy Agency (IEA) also pointed to slowing oil demand as playing an important role in lower oil prices. “The recent slowdown in demand growth is nothing short of remarkable,” the IEA said in its September monthly oil report. The IEA said that demand growth had slowed to less than 0.5 million barrels a day (b/d) year on year, the slowest rate in two and a half years. The slowdown led the IEA cut its demand growth forecast for 2014 by 150,000 b/d, to 0.9m b/d. China’s s

Also in this section
Europe's gas security conundrum
23 November 2017
Central Asian countries are eager to pick up the slack, if sanctions hit Russian pipeline supply to Europe
Venezuelan crunch time
17 November 2017
Venezuela faces steep bond payments before the end of the year. It is looking to Russia to help keep it from default
Taking a chance in Kurdish Iraq
16 November 2017
The KRG referendum result and subsequent Iraqi army offensive against the Kurds underline how risky it is for companies involved in the export and sale of Kurdish crude