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“Bloomberg” declare : U.S. Oil Inventories Stymie OPEC Production Cuts

collected by :Maolly Tony

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(Source: Bloomberg)
Why We’ll See Growth in Natural Gas Demand29:21 – Since the 1980s the oil industry has changed quite a bit.
There was a big meltdown in the oil price in ’86, similar to what we’re seeing today, and it lasted 14 years.
In an interview with Bloomberg TV Canada’s Amanda Lang, Hal Kvisle, former CEO of Talisman Energy, explains why he thinks we’re in for a long cycle change, with continued growth in demand for natural gas.

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Iran’s output increased to 3.83 million barrels a day, slightly above its goal of 3.797 million barrels a day.
Output there ramped up 20,000 barrels to 1.69 million barrels a day.
Iraq’s production dropped by 50,000 barrels to 4.44 million barrels a day, the survey showed.
It was the second month in a row that the world’s biggest crude exporter pumped below its own target of 10.06 million barrels a day.
Riyadh lowered oil supply by 90,000 barrels a day from a month earlier to 9.78 million in February, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data.

Saudi Arabia Still Bears Brunt of Oil Cuts as OPEC Output Drops*/

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