The Global Oil Glut
Latest News
Iraq seeks exemption from OPEC export cut deal during Q1 2021- oil minister
Ihsan Abdul Jabbar added Iraq will adhere to cuts over the next three months
Cheniere Energy reports 2Q profit and reconfirms 2020 guidance
The largest U.S. exporter of Liquefied Natural Gas (LNG) said results topped analysts' expectations
Iraq says will make additional oil cuts in August
Iraq says the oil output cut in August will be over and above the agreed cut for August
Saudi Arabia announces September crude selling prices - document
It set the OSP to Northwestern Europe to minus $1.80 per barrel over ICE Brent
Oil prices pull back from 5-month highs as rising product stocks weigh
Dollar logged its biggest monthly percentage fall in a decade
Oil prices at 5-month high on big drop in U.S. crude stocks
Brent crude was up 44 cents, or 1%, at $44.87 a barrel
Insights
Where to go in oil markets after May’s stunning price performance
A certain price stability is important for consumers and producers alike
China's crude oil splurge starts to ebb, price cuts unlikely to spark revival: Russell
China imported 47.48mln tonnes of crude in August, equivalent to 11.18mln barrels per day
Crude hiccups should not derail long-term oil market recovery
Nobody wants crude back to the crazy levels witnessed on “Black Monday,” and it is unlikely to fall back there even in the worst-case scenario
Saudi oil minister salutes the ‘three Cs' of oil stability
OPEC+ oil producers had achieved “unprecedented” levels of compliance with the historic cuts in April
Global oil supply has pretty much got its house in order
The message is that global oil markets are well on the way to rebalancing, and the most significant factor in this has been the OPEC+ alliance led by Saudi Arabia and Russia
Refining margins mired between OPEC+ and recession: Kemp
Margins remain trapped close to their lowest level for the last 20 years, in the fourth percentile, and have trended lower again in the last few weeks
