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The global oil glut is squeezing the ...

Echtzeit-Berichte

new oil order comes back with a vengeance

Financial Times - ‎vor 13 Stunden‎
Forecasts for a quick recovery have come unstuck as the market wrestles with a stubborn glut in crude and, more recently, refined fuels such as petrol.
Echtzeit-Berichte

Exxon Mobil, Saudis look to create petrochemical venture in Texas

Houston Chronicle - ‎25.07.2016‎
"The Saudi king has wanted to make it more of a global enterprise." The Gulf Coast petrochemical sector has taken off in recent years because of the shale gas boom began nearly a decade ago. The American Chemistry Council, a chemical industry trade ...

Will the Saudi ceasefire in the oil war offer some price relief?

Hellenic Shipping News Worldwide - ‎17.07.2016‎
Two weeks ago, Saudi Arabia's new oil minister declared a ceasefire in the two-year-old oil war with the shale industry. Saying that “the oversupply ... As such, it flooded the market with oil and forced prices down in an attempt to squeeze out higher ...

An Ugly Hump Day for Oil

Hellenic Shipping News Worldwide - ‎21.07.2016‎
The oil glut that has kept prices pretty firmly below $50 a barrel over the past year resulted from the U.S. shale boom and the reaction to it of competing producers such as Saudi Arabia and Russia.

Oil Market Rebalancing Hopes Get Nothing But Bad News

BOE Report (press release) - ‎20.07.2016‎
The oil glut that has kept prices pretty firmly below $50 a barrel over the past year resulted from the U.S. shale boom and the reaction to it of competing producers such as Saudi Arabia and Russia.
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