Tag Archives: oil demand

Increased US export capacity would probably force OPEC+ to change its current tactics. After last year’s collapse, oil prices have found support since the beginning of this year for several reasons. At this stage, the main question is whether the recent surge in prices is sustainable or whether we will see renewed oil price volatility, with the possibility of a repeat of 2018. The recent release of the International...

Increased US export capacity would probably force OPEC+ to change its current tactics.After last year’s collapse, oil prices have found support since the beginning of this year for several reasons. At this stage, the main question is whether the recent surge in prices is sustainable or whether we will see renewed oil price volatility, with the possibility of a repeat of 2018.The recent release of the International Energy Agency’s annual report is an occasion to answer this question and to...

An extension of the December agreement to cut production, plus a slight increase in demand, could potentially bring the oil market into balance this year.Global oil supply is undergoing a structural shift. The US oil industry is growing in importance relative to the OPEC. As a result increased production from non-OPEC producers more than compensated for the output collapse among important OPEC producers such as Iran and Venezuela in 2018.Slowing global growth, and new US pipelines facilities...