Oil Demand and Supply Close to New Peaks
Both global oil demand and supply are now close to new, historically significant peaks at 100 million barrels per day (MMbpd) “and neither show signs of ceasing to grow any…
Oil producers need to pump more or put demand growth at risk
MUMBAI (Bloomberg) -- Rising oil prices may hurt demand in some of the world’s fastest-growing nations unless producers take steps to boost supplies, according to the International Energy Agency. “I…
O&G sector due for a turnaround on rising capex in 2019 & beyond, says DBS
SINGAPORE (Oct 5): DBS is maintaining its average Brent crude oil forecasts of ~US$75/bbl for 2018 and US$75-80/bbl for 2019, with the intention to monitor developments in the coming weeks.…
WTO, IMF, World Bank seek ‘urgent’ international trade reforms
(Oct 1): The World Trade Organization, International Monetary Fund and World Bank issued an emergency call to reform the multilateral trading system as the US retreats from prior agreements. "The…
Total Bets On Deepwater Oil, Gas To Boost Production
Total will be looking to develop low-breakeven deepwater resources in the coming years, expecting to increase production by 6-7 percent every year through 2020, the French oil and gas company said in…
Risks growing but still little chance of global recession: Oxford Economics’ outlook
SINGAPORE (Sept 25): Oxford Economics says there is little chance of a global recession next year given evidence on the ground of a major and sustained worldwide slowdown is still…