The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking forward, supplies are set to tighten in the second half of the year, but that may only be a hiatus before the glut returns. Global oil supply exceeded demand by about 0.9 million barrels per day Oil Glut Overshadows Geopolitical Risk In 2020 By Nick Cunningham - Jan 16, 2020, 6:00 PM CST The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production Despite OPEC’s best efforts to cut output, a supply glut in 2020 seems unavoidable as oil supply continues to outpace demand growth Type your search and press Enter Home

Authored by Nick Cunningham via OilPrice.com, The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production provides a “solid base from which to react to any escalation in geopolitical tension.” In its January Oil Market Report, the International Energy Agency (IEA) said that there is plenty of oil sloshing around, despite the U.S. and Iran nearly Oil Glut Overshadows Geopolitical Risk In 2020. The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production provides a “solid base from which to react to any escalation in geopolitical tension.” OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new Production growth has been the story of the recent past, with oil-and-gas output rising steadily in the U.S., leading to an oil glut. Several oil-and-gas producers have cut back on growth plans

Authored by Nick Cunningham via OilPrice.com, The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production provides a “solid base from which to react to any escalation in geopolitical tension.” In its January Oil Market Report, the International Energy Agency (IEA) said that there is plenty of oil sloshing around, despite the U.S. and Iran nearly

OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new Production growth has been the story of the recent past, with oil-and-gas output rising steadily in the U.S., leading to an oil glut. Several oil-and-gas producers have cut back on growth plans Chevron's latest multi-billion dollar asset write down indicates one thing: that oil glut is real and will continue to affect oil prices (NYSEARCA:USO) in 2020.In fact, I won't be surprised if Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia.

OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new

Oil Glut Overshadows Geopolitical Risk In 2020 By Nick Cunningham - Jan 16, 2020, 6:00 PM CST The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production Despite OPEC’s best efforts to cut output, a supply glut in 2020 seems unavoidable as oil supply continues to outpace demand growth Type your search and press Enter Home Oil prices seem to be in big trouble, with a supply glut set to hit the market in 2020 and a potential economic recession looming. One of the few things that could upend this forecast is a In its annual outlook, the International Energy Agency said oil demand would rise by less than 1 per cent a year between now and 2020, slower than necessary to quickly mop up an oil glut that has driven prices to multiyear lows. The slowdown in oil demand growth follows a near 15-year surge in consumption, OPEC, in the report, lowered its forecast for world economic growth in 2020 to 3.1% from 3.2% and said next year’s increase in oil demand would be outpaced by “strong growth” in supply from

Chevron's latest multi-billion dollar asset write down indicates one thing: that oil glut is real and will continue to affect oil prices (NYSEARCA:USO) in 2020.In fact, I won't be surprised if

Canadian Energy Companies Slash Billions In Spending on Oil Glut. Kevin Orland. Bookmark. Mar 14 2020, 1:49 AM Mar 14 2020, 3:32 AM March 14 2020,  

16 March 2020 14:49 GMT Updated 16 March 2020 14:49 GMT. By Kathrine Schmidt. in Houston. The oil and gas industry could face levels of excess 

Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for the market drop! — Donald J. Trump (@realDonaldTrump) March 9, 2020 The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking forward, supplies are set to tighten in the second half of the year, but that may only be a hiatus before the glut returns. Global oil supply exceeded demand by about 0.9 million barrels per day

2 Jan 2020 Oil prices start 2020 higher as market awaits OPEC cuts cuts by members of OPEC and its allies to trim the glut of oil supply around the world. 15 Jan 2020 From the EIA: EIA forecasts Brent crude oil spot prices will average $65 per barrel (b) in 2020 and $68/b in 2021, compared with an average of  Roundup: Weekly oil prices slip amid optimism on U.S.-China trade, concerns over market glut. Source: Xinhua| 2020-01-19 02:41:05|Editor: yan