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Saudi Arabia’s solution to global oil glut, pump even more crude

Saudi Arabia has a response to the global surplus of oil, raise output to near-record levels and then pump even more. The world’s biggest oil exporter, having abandoned last year its role of keeping global markets in balance, now has ...

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Global oil, gas and sulfur

The general market Before the recent drop in oil prices, the general Brent trading price had been confined to the range of US$ 100 – 120 /bbl said, Richard Mallinson, Energy Aspects at Sulphur 2014. However, this was only until ...

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Global oil demand Q3 2014

According to OPEC data, global demand in Q3 2014 increased by 1.4 million bpd, year on year, with 1.5 million bpd of increases from non-OECD countries and a drop of 0.1 million bpd in OECD countries. Weak economic growth, especially ...

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Global oil balance to loosen considerably in 2015

The US Energy Information Administration’s (EIA) November Short Term Energy Outlook (STEO) projects that Brent crude prices will average US$ 83/bbl in 2015, US$ 18/bbl lower than last month’s outlook for 2015. STEO projects prices to remain in the US$ ...

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