The downturn trend in oil price will not reverse
The question on oil is simple: demand has dropped by 30 million barrels / day & inventories are overflowing. If production is cut by 10 million it will not reverse…
Philippe Waechter's blog
Really scaring
WASHINGTON—The U.S. expects all countries to cut oil imports from Iran to “zero” by Nov. 4 or risk sanctions, a senior U.S. State Department official said on Tuesday, expressing a…
Oil Ministers Back Raising Output Despite Iran's Walk Out – Bloomberg
OPEC and its allies reached a preliminary agreement in the face of strong opposition from Iran to boost production by a theoretical 1 million barrels a day — the actual…