Crude Oil

The International Energy Agency (IEA) released its monthly oil market report this week on Thursday, November 10th. In its report, the agency said that Crude oil markets could continue in a surplus if OPEC fails to cut production noting that increasing production from exporters could lead to "relentless" supply growth. Publishing some stats, the...

2016-11-11 John Benjamin Read more
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Alexander Novak, Russian Energy Minister Iraq Seek OPEC Exemption After making a first challenge of the key 51.70 resistance level, Crude Oil prices have since reversed to trade lower over the week. The initial downside was fuelled by reports that Iraq is seeking exemption from any OPEC Oil production cut. Iraq informed OPEC officials on T...

2016-10-26 James Harte Read more