14 October 2017
Oil prices have hovered around their highest levels of the year over the past few weeks, reaching a two-year high of USD59/b in late September. The bullish sentiment in the market reflects four major...
08 July 2017
Oil prices have been considerably volatile in the last few weeks, having been range bound between USD50/b and USD55/b prior to that. Underlying such swings is a tug-of-war between rising oil output,...
03 December 2016
On 30 November, OPEC agreed to cut output by 1.2m barrels per day to 32.5m barrels, effective from 1 January 2017. The agreement is for a period of six months, but could be extended by six months at...
07 August 2016
Oil prices have had an eventful 2016. They started the year on a downward trend falling to a low of USD28/barrel (/b) in late January on concerns about slowing global growth and currency devaluation...
09 April 2016
Oil prices have enjoyed a recovery in recent weeks. They rose from USD28 per barrel (/b) in mid-January to around USD40/b now. While a potential production freeze by some oil producers might have...
10 January 2016
Oil markets have been over-supplied since the beginning of 2014. The build-up of inventories has led to a sharp decline in oil prices from USD115 per barrel (/b) in mid-2014 to USD34 currently. But...
24 October 2015
Oil markets have been over-supplied since the beginning of 2014. As supply growth outpaced that of demand, markets have become imbalanced, leading to a large build-up of inventories and a sharp fall...
13 June 2015
Oil prices have rebounded by 33.1% since their trough in January to USD62.0 per barrel (/b). What is behind this recovery? Is it due to a pick-up in demand and the improvement of economic conditions...
31 October 2014
In the October 2014 Newsletter released by the International Energy Agency Solar Heating and Cooling Programme (IEA-SHC), GORD was announced as a new member. This was preceded by the International...
11 April 2014
Opec trimmed estimates for the amount of crude it will need to pump this year amid rising US supplies, and predicted that a “supply buffer” will accumulate before demand peaks in the summer. The...
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