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  • IEA says US to become net exporter of oil

    The oil prices edged lower for a second day Tuesday on anticipation of an increase in Us oil production. The IEA world energy report also highlights a steep increase in US shale oil production going forward. read » 4 weeks ago
  • November OPEC meeting still closely eyed

    The oil price rose sharply Monday and remains well bid Tuesday on rising geopolitical tensions, including the Saudi crown prince's political purge. The November OPEC meeting also remains in mind ahead of expectations of a output cap extension. read » last month
  • All eyes look towards November OPEC meeting

    The oil price rose again Wednesday on news that OPEC compliance with the agreed output cap rose to 92% in October from September's 86%. read » last month
  • OPEC output cap seen remaining in place

    The oil price remains above $60 per barrel Tuesday, as the current oil output cap between OPEC and some non-OPEC producers is expected to remain in place in 2018. Question marks are also being raised over the future level of output from US shale oil producers. read » last month
  • Oil price still supported by other developments

    Oil price moved a little lower Thursday following data showing Us oil inventories rose unexpectedly in the week end Oct 20. However, the ongoing Iraqi conflict around Kirkuk and apparent growing support of an extension to the OPEC output cap helped limit the fall. read » last month
  • Northern Iraq oil supply declines

    The oil price rose Monday as Iraqi fighting around the strategically important city of Kirkuk continued, Us oil drilling fell for a third week and OPEC continues to comply with the output cap agreement. read » last month
  • Total CEO anticipates oil output cap to run for longer

    The oil price maintained its upward momentum Wednesday supported by a number of developments, including a higher than expected draw down on US oil stocks and comments the OPEC and Russia output cap agreement would likely be extended. read » last month
  • Brent crude around $58 per barrel

    Oil prices rose on Monday as tensions in the Iraqi conflict rise and demand for oil from China remains strong. read » last month
  • Further agreements on oil output needed

    The price of oil rose Thursday after news US inventories and production both fell again, while oil imports by china remained strong. However, an IEA report suggested the oil price could hit a ceiling next year if more isn't done to curb production among both OPEC and non-OPEC members. read » last month
  • Oil price re-balancing requires additional work

    OPEC's secretary general has called on Us shale oil producers to assist the supply-demand re-balancing effort and to consider becoming part of a solution that would benefit everyone. read » October 2017
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