Tagged With Oil markets
Winter freeze and economic recovery lifts oil prices
17 February 2014
An exceptionally cold winter in the US and a mild economic recovery in Europe fuelled stronger than expected demand across developed economies, lifting oil prices in February
Global oil output dips on non-Opec losses
17 February 2014
Global oil production fell by 290,000 barrels a day (b/d), to 92.1 million b/d in January, driven by a fall in non-Opec output
Crude price falls on China’s economic data
21 January 2014
Crude prices eased in January as weaker economic data from China indicated slowing crude demand and soaring US oil output added pressure
Global output falls on dip in non-Opec output
21 January 2014
The drop was due to a 335,000 b/d fall in non-Opec liquids production, to 55.99m b/d
Prices remain strong but oil markets face testing times
20 January 2014
Brent has averaged $110.59 a barrel in the past three years. This is high by any historical measure. Even including the price run-up earlier this century, for example, the mean price in the 25 years till 2011 was just over $33/b
Brent falls as Iran reaches deal to halt nuclear enrichment
3 December 2013
Brent and WTI prices fell in November as Iran reached a deal with the international community to halt its nuclear enrichment programme in return for a modest easing of economic sanctions
Non-Opec oil output surges along with global production
3 December 2013
Oil production reached 91.8 million b/d, according to figures by the International Energy Agency
Crude prices tumble on US government shutdown
22 October 2013
Brent and WTI prices slipped in October as a partial US government shutdown threatened to depress crude demand from one of the world’s largest oil consumers
Opec crude output at two-year low as global production falls
22 October 2013
Steep falls in output from Libya and Iraq led to Opec output falling below 30m b/d
US energy independence tempered by oil-price volatility
8 October 2013
The EIA forecasts total US crude production will reach 13.1 million barrels per day by 2019
Oil prices remain threat to world economy, says IEA
1 October 2013
Chief economist at the IEA said Europe is especially vulnerable to high prices
Global oil output stalls on Libyan losses
17 September 2013
Global oil production fell by 775,000 barrels a day (b/d) in August, to 91.6 million b/d, as soaring Saudi Arabian output failed to completely offset Libyan losses
Crude slips on Syria chemical weapons deal
17 September 2013
Crude oil prices fell in mid-September as the US and Russia announced a deal had been reached to dispose of Syria’s chemical weapons by mid-2014
Egypt turmoil pushes Brent to four-month high
21 August 2013
Brent oil prices reached four-month highs in mid-August as civil unrest in Egypt fuelled supply disruption concerns
IEA sees strong demand in 2014, non-OECD overtaking OECD
11 July 2013
Emerging markets will once again lead oil demand growth in 2014, with surging North American production helping to meet record consumption
Oil market projections could be too optimistic
11 July 2013
IEA and Opec projections for strong demand growth in 2014 rest on assumptions for economic growth that could prove far too optimistic
Global oil supply falls along with non-Opec production
3 July 2013
The global supply fell month-by-month to 91.2 million b/d in May, but remains strong year-on-year
Crude prices under pressure from economic strain
3 July 2013
The lack of economic growth will limit oil demand growth, says IEA
Opec crude supply increases to 30 million b/d
28 May 2013
Figures from the IEA report suggest Opec is likely to see spare production capacity build up over the next few years
Global oil demand is rising steadily
28 May 2013
With oil prices hovering around $103 a barrel, the market has found its sweet spot
Brent-WTI price spread at two-year low
28 May 2013
Crude futures were under pressure in May from seasonally weaker demand and a surplus of light, sweet grades in Europe
Analysts turn bearish on oil prices amid sluggish economy
25 April 2013
Analysts are lowering their oil price forecasts for this year on expectations of ample supply, weak demand and a sluggish global economy
Opec leads global oil production lower
23 April 2013
Troubles in Nigeria, Libya and Iraq contributed to the supply decline
Crude tumbles to nine-month lows on economic weakness
23 April 2013
Lower oil demand and seasonal maintenance at refineries has put pressure on the oil price
Global economic woes depress crude prices
18 March 2013
Persistent economic issues in Europe, China and the US contributed to falling oil prices
Opec output bounces back as global supply increases
18 March 2013
Global oil supply inched up by 90,000 b/d in February, reaching 90.8 million b/d, as a rise in Opec crude production boosted supply