OPEC

Oil

The dramatic rise and fall of shale oil

(Mar 13): On the morning of March 2, 2016, a large SUV smashed against the side of a bridge overpass in Oklahoma City.

Oil

Oil claws back from historic crash after global price war erupts

(Mar 10): Oil clawed back some of its biggest drop in a generation as investors grappled with the most volatile market on record in the midst of simultaneous supply and demand shocks.

Oil

Markets brace for the worst as oil politics fuels panic in virus-hit economy

SINGAPORE (Mar 9): Oil prices suffered the greatest price collapse since 1991 after Saudi Arabia ignited a price war with Russia following the latter’s refusal to join production cuts with OPEC. 

Broker's Calls

O&G sector due for a turnaround on rising capex in 2019 & beyond, says DBS

SINGAPORE (Oct 5): DBS is maintaining its average Brent crude oil forecasts of ~US$75/bbl for 2018 and US$75-80/bbl for 2019, with the intention to monitor developments in the coming weeks.

OPEC sees lower demand for its oil in 2018, points to surplus

(July 13): OPEC said on Wednesday its oil production jumped in June and forecast world demand for its crude will decline next year as rivals pump more, pointing to a market surplus in 2018 despite

Commodities

Oil could hit US$60 before year-end, says Barron's citing Citi analyst

BENGALURU (July 10): Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (Opec) could push crude prices up to US$60 ($82.92) a barrel before

Once costly deep-sea oil turns cheap, to OPEC's dismay

(May 31): Reports of deep-sea drilling’s demise in a world of sub-US$100 ($138.6) oil may have been greatly exaggerated, much to OPEC’s dismay.

Crude Oil

Oil traders warn there's a supply crunch looming

GENEVA/LAUSANNE (March 30): The oil market is risking a supply crunch as producers cut spending on major projects to focus on short-term low-cost shale output in the US, some of the top crude and p

Oil drillers

Commodities

Oil at US$40 no problem as US drillers snub OPEC with hedges

CHICAGO/HOUSTON (March 16): OPEC’s worst enemy isn’t US shale drillers. It’s the hedges propping them up.

Oil drums

Commodities

Investors see oil break out of narrow range with record bets

NEW YORK (Feb 28): Oil has been bound to the tightest price range in more than a decade, and yet hedge funds have never been so confident it will eventually rally.

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