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Oil CEO Predicts Price Increase Sooner Rather Than Later

By OG Market Report   Posted in Oil Prices
Posted on January 24, 2018
oil price barrel petroleum

Crescent Petroleum’s CEO, Majid Jafar recently spoke at the World Economic Forum where he shared his thoughts on oil prices in the upcoming year. As reported by CNBC, Jafar stated that “…over the next few years, because of the huge under investment we have had over the last few years, the concern is as global growth continues …

Big Banks Are Raising Their Price Targets For Oil

By OG Market Report   Posted in Finance Oil Prices
Posted on January 16, 2018

Large investment banks are upping their price targets for oil as crude futures hit levels not seen since the early days of a slump in December 2014. According to reporting by CNBC, “The banks says the long-oversupplied oil market is tightening up more quickly than expected as global economic growth fuels demand and output cuts …

Oil Nears $70 Despite Rising U.S. Output

By OG Market Report   Posted in Finance Oil Prices Production
Posted on January 15, 2018January 15, 2018
U.S. oil production could effect global markets

The price of oil touched $70 today.  The rise may be attributed to a tightening supply from OPEC and Russia.  While U.S. supplies have been expanding, they have yet to stop the upward trend. Reuters reports that, “Growing signs of a tightening market after a three-year rout have bolstered confidence among traders and analysts that …

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Financial Updates

Oil Slides To Two-Week Low As Market Dips
Oil Slides To Two-Week Low As Market Dips
  • Feb 06, 2018
January Oil Prices Were At Their Highest In Five Years
January Oil Prices Were At Their Highest In Five Years
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Qatar Predicts Oil Market Balancing in 3rd Quarter of 2018
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Oil Market “Heading In The Right Direction” Says Iraqi Oil Minister
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India Auctions Record Acreage For Oil And Gas Exploration
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Production Updates

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United States Inventories Anticipating Rise
  • Feb 21, 2018
Oil Production Exceeds 10 Million Barrels A Day For The First Time Since 1970
Oil Production Exceeds 10 Million Barrels A Day For The First Time Since 1970
  • Feb 02, 2018
January Oil Prices Were At Their Highest In Five Years
January Oil Prices Were At Their Highest In Five Years
  • Feb 01, 2018
Russia: Limiting Oil Supplies To North Korea Considered Act Of War
Russia: Limiting Oil Supplies To North Korea Considered Act Of War
  • Jan 31, 2018
Oil Market “Heading In The Right Direction” Says Iraqi Oil Minister
Oil Market “Heading In The Right Direction” Says Iraqi Oil Minister
  • Jan 22, 2018
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