Tagged With Oil markets
Opec production hits 12-month lows
25 February 2013
Global oil production fell to 90.8 million barrels a day
China’s economic data supports crude prices
25 February 2013
Crude oil prices hit nine-month highs in early February as stronger economic data from China and seasonally cold weather boosted prices
E&Y sees busy year for global oil and gas M&A
15 February 2013
The consultancy carried out a study which suggests 37% of companies are planning M&A activity
Global output falls as Opec volumes stall
24 January 2013
Global oil production fell to 91.2 million barrels a day (b/d) in December, a drop of 170,000 b/d, as output from Opec declined
Economic data supports crude prices
10 December 2012
Crude prices found support at the end of November from a surprise draw in US crude stocks, an upward revision of US GDP growth and encouraging Chinese manufacturing data
Crude production rebounds in October
10 December 2012
Global oil production rose to 90.9 million barrels a day in October
Opec production at eight-month low
4 December 2012
Reduced output, weak demand and lower Iranian exports all weighed on fundamentals
Big oil sees profits slump as prices and production fall
8 November 2012
Major oil players saw lower oil and gas prices, coupled with lower production, eat into their third-quarter profits
Strategic stocks: Western nations have oil ready and waiting
31 October 2012
Western nations, battered by high oil prices, have ample crude oil in store should it be necessary
Oil prices soften on weak global demand forecast
30 October 2012
The tug-of-war between weak demand, economic fragility and geopolitical tension in the Middle East shaped oil prices throughout October
Oil prices rally on US Federal Reserve's QE3 programme
25 September 2012
The bond-buying programme is a bid to jump start US economic growth
Outages send global production lower
25 September 2012
Weather and protests have contributed to low global production in August
Subsidy burden may push fuel market reform
18 September 2012
With oil prices expected to remain above $100 per barrel into 2013, the fuel subsidy burdens shouldered by many Asian governments will speed up the pace of market deregulation and could cut oil demand growth, consultancy Wood Mackenzie believes
Oil prices are too high for global economy
11 September 2012
Neither a stock release nor the promise of Saudi oil is likely to break the market’s fever
Opec supply falls for third month in row
30 August 2012
Opec crude supply in July was estimated at 31.39 million barrels a day (b/d), around 70,000 b/d lower than in June, marking the third successive monthly decline, according to International Energy Agency (IEA) data
Oil prices rally on summer maintenance
30 August 2012
Crude prices have surged over the last couple of months as supply dipped on the back of shut-ins during the summer maintenance period
Non-Opec production lifts global output
10 July 2012
Global oil production rose to 91.1 million barrels a day
Volatility returns to the market as prices fluctuate
10 July 2012
Prices fell heavily in June, but then rose again as Petroleum Economist went to press
Opec rides into the storm as production remains high
8 June 2012
Despite all the political and economic issues, Opec's production is at record highs
Gloomy economic outlook weighs on oil
24 May 2012
Global crude prices fell in May due to gloomy outlooks for European and Chinese economies and signs that Iran may allow nuclear inspectors into the country, lifting concern of Middle East conflict disrupting supply
Keep the global supplies flowing, says minister
24 May 2012
As Opec delegates prepare to meet in Vienna, they would be wise to listen to Ali Naimi. Keeping supplies flowing is not just in the cartel's best interests, it is the best course of action for the global economy
Opec supply lifts global oil output
24 May 2012
Global supply rose to 91million barrels a day in April
Servicing the oil boom as exploration and production surges
24 May 2012
Services companies are looking ahead to a bumper year, as exploration and production in the oil sector surges and the slump in North America’s gas industry opens up a wealth of opportunity
Non-Opec outages push global output down
28 March 2012
Global oil production slipped by 200,000 barrels to 90.4 million barrels a day (b/d) in February, as rising Opec output failed to offset losses outside the group
Global oil supplies inch up as Opec output rises
29 February 2012
World oil supply rose by 90,000 b/d in January, reaching 87.9 million b/d, with a jump in output from Opec more than offsetting a 200,000 b/d decline in production outside the cartel, said the IEA
Oil price stays firm despite bearish US data
2 February 2012
Crude prices continue to trade in a narrow range above $110 a barrel, as bearish data from the US failed to soften oil markets