OPEC has recently updated its 2017 outlook for the oil market, taking into account possible consequences of Brexit. The cartel says that the world’s demand
Category: Markets
Market Report: Shell’s Sale Plan to Be Delayed Due to Brexit
Royal Dutch Shell’s CEO, Ben van Beurden, informed investors that the European Union could slow its $30 billion asset sale plan in the wake of
Market Update: Global Oil Supply Stabilizes
Yesterday (30 June), oil fell again, pressured by more production in Nigeria and Canada. A Goldman Sachs analyst said that rising Nigerian output would put
Belarus to Sell Potash to India at a Lowest Price in Decade
Belarus is about to sell potash to India, one of the worlds largest fertilizer importers, at the lowest price in a decade. The new price
OPEC: Oil Output Falling Short of the Demand
For the first time in three years, the Organization of the Petroleum Exporting Countries (OPEC) said that its current output was falling short of the
Venezuela Still Hoping for Oil Output Freeze
Venezuelan oil minister Eulogio del Pino said yesterday (16 June) that Iran would reach its pre-sanction oil output by September, which will revive the talks
LNG on the Rise: Global Gas Trade to Be Reshaped Over the Next Five Years
The International Energy Agency (IEA) said last week in its 2016 Medium-Term Gas Market Report that the global gas trade would be reshaped in the
OPEC Fails to Agree on New Output Ceiling
OPEC did not manage to agree on a straightforward production strategy yesterday (2 June) as Iran insisted on boosting its own output despite the fact
Iraq Boosts Oil Output Before OPEC Meeting
Iraq is going to supply extra 5 million barrels of oil to its trade partners in June, thus effectively joining other Middle East producers by
$8 Billion Iowa Fertilizer Merger Cancelled
The sale of a larger fertilizer plant located in southeast Iowa has been called off. The $8 billion deal has been cancelled by both parties