non-OPEC oil producers

The oil market: why you should stop, think and only maybe act

It probably occurred to you that the oil price skyrocketed yesterday during trading hours, in the wake of the OPEC reunion held in in Vienna. Following the Algiers summit, last September, the market was hoping for some news regarding a potential output cut and made up a hype mostly from scratch. Consequently, the WTI that [...]

By |December 1st, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

Planned oil supply cuts by producer

Based on available information, the graph below describes the breakdown of planned oil supply cuts plans by country following the 30th November 2016 OPEC agreement, based on a 1.2m b/d cut for OPEC and 600k b/d for non-OPEC producers. Future moves in the implementation of the agreement should now be closely monitored.
Breakdown of planned oil supply [...]

By |December 1st, 2016|Categories: Graph Analysis|Tags: , , , , , , , |