IEA Warns Of An Oil Supply Crunch – Despite 2017 Shale Investment

By |2017-03-16T15:12:47+00:00March 7th, 2017|Categories: Articles|Tags: , , |

IEA Warns Of A Supply Crunch Despite Shale Investment The IEA is forecasting a modest oil price recovery in 2017, supported by increased global demand. The agency's numbers indicate that oil supply should be adequate for the next few years. However, it is now unclear whether enough new projects will enter the pipeline over this period [...]

The OPEC+ Agreement: Oil Supply & Demand in 2017

By |2017-03-16T15:12:06+00:00January 30th, 2017|Categories: Articles|Tags: , , , , |

The OPEC+ agreement has stabilised the oil price The Brent oil price, which fell to c$27 per barrel at its lowest point in 2016, has now held above $50 per barrel since the original OPEC and non-OPEC agreement in December. The latest IEA Oil Market Report (19th January) indicates that the crude oil price will rise [...]

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