Home / oil price / Saudi Minister Talks Up Oil Prices

Saudi Minister Talks Up Oil Prices

collected by :Jack Alex

follow the latest news and price to oil from different sites most famous technicals /Evan Kelly by 2017-01-18 at 2:47

as mentioned in

Saudi Minister Talks Up Oil Prices

Saudi Minister Talks Up Oil Prices*/

– Oil prices see-sawed on Monday in slow electronic trading on a U.S. bank holiday, but spiked on Tuesday after bullish Saudi comments and a plunging U.S. dollar.(Click to enlarge)Chart of the Week• U.S. natural gas spot prices in 2016 dropped to the lowest level since 1999, averaging just $2.49 per million Btu.• It is no coincidence that natural gas production peaked in early 2016 after rising without interruption for years.
.

read more from here

Leaner And Meaner: Oil Majors Capitalize On Higher Crude Prices

Leaner And Meaner: Oil Majors Capitalize On Higher Crude Prices*/

– The recent recovery of oil prices couldn’t have come at a better time for the world’s top oil majors that have ridden the rough oil price crash with huge investment cuts and layoffs.Although Big Oil continues to cut capital and exploration expenditure, it is poised to see this year the biggest production gains since 2010.The reason: investments in projects made early this decade, before the oil price slump, are now expected to start yielding results.
.

read more from here

Despite OPEC Production Cut, Another Year Of Low Oil Prices Is Likely

Despite OPEC Production Cut, Another Year Of Low Oil Prices Is Likely*/

– Saudi Oil Boss Pushes Cuts And Warns Of Shortfalls; Exxon’s Tillerson DisagreesAn OPEC production cut offers oil producers hope for higher prices in 2017.But there is a dark cloud hanging over that expectation.Global storage inventories must be substantially reduced before higher oil prices can be sustained.
.

read more from here

read more
visit us

oil price

Check Also

how far and how quickly the U.S. oil rig count has increased picture-13397-310x165

how far and how quickly the U.S. oil rig count has increased

However, when we consider how far and how quickly the U.S. oil rig count has …