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Oil market likely to rebalance early 2019: OPEC ministersOil ministers from leading OPEC nations said Sunday they expect prices will arrest their recent slide and rebalance early next year, when a deal on new production cuts takes effect. Oil prices have shed more than 36 percent since early October to trade at $54 (47 euros) per barrel, due to fears of oversupply
Source: YahooSG - 🏆 3. / 71 Read more »
Oil ticks over near 2019 highs amid OPEC cuts, but economic slowdown applies brakesSINGAPORE: Oil prices hovered close to 2019 highs on Thursday (Feb 21), bolstered by OPEC-led supply cuts and US sanctions on Venezuela and Iran, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
OPEC sees more 2019 demand for its oil as it keeps cutting outputOPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
OPEC cuts 2019 oil demand forecast on global slowdownOPEC cut its forecast for 2019 world oil demand on Tuesday due to slowing economies and expectations of faster supply growth from rivals, ...
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Oil hits 2019 high on OPEC cuts, concerns over demand easeOil prices rose to fresh highs for the year on Tuesday, after a U.S. official said Washington is considering more sanctions on Iran and a key ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »