Oil glut coming

11 Nov 2019 Meatless meat, the next oil glut and a big win for Extinction Rebellion. News to know in our bi-weekly digest. The UNFCCC Climate Change  17 Jun 2019 Slower oil demand growth in 2019 is expected to lead to a glut of oil next year, which could have significant impacts on energy prices in 

16 Jul 2018 Yet none of these assets proved much help when a global oil glut in the In the months that followed, the pink slips kept coming, and by the  IEA: Huge Oil Glut Coming In 2020 The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking forward, supplies are set to tighten in The World’s Oil Glut Is Much Worse Than It Looks OPEC and its allies have been using the wrong target for draining excess stockpiles. As a result, they may have to consider longer and deeper cuts. The IEA said this month that global oil demand grew by 640,000 bpd in the first quarter year-on-year, a sharp downward revision from its previous estimate of a 1-million-barrel-per-day increase

The IEA said this month that global oil demand grew by 640,000 bpd in the first quarter year-on-year, a sharp downward revision from its previous estimate of a 1-million-barrel-per-day increase.

7 Oct 2015 Oil pump jacks in McKenzie County, North Dakota. AP Photo/Matthew Brown. Still going. BUBBLE BUBBLE OIL AND TROUBLE  25 Aug 2015 A year ago, crude oil was trading at more than $100 a barrel. Now, the Where is all this oil coming from, especially in the U.S.? RUSSELL  21 Mar 2018 Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast. 16 Jul 2018 Yet none of these assets proved much help when a global oil glut in the In the months that followed, the pink slips kept coming, and by the 

ZeroHedge News. Authored by Nick Cunningham via OilPrice.com, The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected.Looking forward, supplies are set to tighten in the second half of the year, but that may only be a hiatus before the glut returns.. Global oil supply exceeded demand by about 0.9 million barrels per day (mb/d) in the

The IEA said this month that global oil demand grew by 640,000 bpd in the first quarter year-on-year, a sharp downward revision from its previous estimate of a 1-million-barrel-per-day increase. Stored oil is at its lowest level in more than three years, partly due to OPEC and Russia’s output cuts. A glut of stored oil that helped keep prices low for years is almost gone, thanks to production cuts by OPEC and Russia, a humming global economy and a series of small but meaningful supply disruptions. OPEC is set to use the 2010-2014 average as the main measure of oil market inventories, two sources told Reuters. Analysts, however, are not convinced that this is the most sensible goalpost. First, the 2010-2014 doesn’t include the enormous glut from the end of 2015 through most of 2016, Coming 'oil glut' may push global economy into deflation. OPEC spare capacity set to reach levels last seen in the depths of the financial crisis in 2009, analysts say. One piece of the jigsaw puzzle is missing to complete the deflation landscape across the West: a slide in oil prices. OPEC assessed that commercial oil stockpiles in the industrialized countries of the OECD totaled 2.955 billion barrels at the end of June. That’s 258 million barrels more than the 2010-2014 In the coming days, Brazil is scheduled to hold a major auction in which some of the largest oil companies will bid for drilling rights in offshore areas with as much as 15 billion barrels of The IEA said this month that global oil demand grew by 640,000 bpd in the first quarter year-on-year, a sharp downward revision from its previous estimate of a 1-million-barrel-per-day increase

OPEC is set to use the 2010-2014 average as the main measure of oil market inventories, two sources told Reuters. Analysts, however, are not convinced that this is the most sensible goalpost. First, the 2010-2014 doesn’t include the enormous glut from the end of 2015 through most of 2016,

14 Jul 2019 While oil supplies are set to tighten in the second half of the year, this may just be a hiatus before a much bigger crude glut returns in 2020. 20 Dec 2019 A supply glut of around 0.7 mb/ day will put pressure on oil prices. In fact, I won' t be surprised if even other oil majors come up with similar  9 Sep 2019 That was never going to be enough, though. The problem is that this average has been inflated by the very excess stockpile that OPEC+ is  13 Sep 2019 The oil-glut problem of today, with more to come next year according to the IEA, can be attributed to a number of factors such as slower global  7 Sep 2019 OPEC and its allies have been using the wrong target for draining excess stockpiles. As a result, they may have to consider longer and deeper 

23 Jul 2018 Oil industry analysts and executives fear a looming global supply crunch is significant geopolitical risks coming from different spots in the world.

13 Sep 2019 The oil-glut problem of today, with more to come next year according to the IEA, can be attributed to a number of factors such as slower global  7 Sep 2019 OPEC and its allies have been using the wrong target for draining excess stockpiles. As a result, they may have to consider longer and deeper  6 days ago Oil Markets Point to a Lasting Glut of Crude. A closely watched market indicator shows supply is expected to dwarf demand in the coming 

Under Alaska law, new oil production does not have to begin to pay taxes until North Slope oil prices reach $73 a barrel — more than $20 above current prices.