collected by :Jack Luxor
this i - A flare stack of the refinery of Mexico's national oil company Pemex is seen in Cadereyta, Mexico, December 20, 2016.
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this i - © REUTERS/ Shamil Zhumatov Kazakhstan Meets OPEC Obligation by Taking 20,000Bpd Off price/" target="_blank">Oil Market – Energy MinistryMOSCOW (Sputnik) — This week oil output in Libya has reached 708,000 barrels per day, the maximum over the past three years, while less than a year ago oil production did not exceed 200,000 barrels per day, The Wall Street Journal reported, citing a source in the National Oil Corporation (NOC).
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this i - Click to enlargeSource: Stock PhotoWith the latest news from Nigeria that is has boosted its oil production by 100,000 barrels per day, it's increasingly clear the move by OPEC to support the price of oil by pressing for an output cut deal is going to be challenged by the rapidly increasing supply of oil from a variety of sources, which will undermine the purpose of the deal.
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this i - An OPEC production cut offers oil producers hope for higher prices in 2017.
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read more visit us Energy markets
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Oil slides 2 percent on strong dollar, doubts of OPEC output cuts
this i - A flare stack of the refinery of Mexico's national oil company Pemex is seen in Cadereyta, Mexico, December 20, 2016.
. read more from here
Libya's Oil Output Increase May Undermine OPEC Plans on Production Cuts
this i - © REUTERS/ Shamil Zhumatov Kazakhstan Meets OPEC Obligation by Taking 20,000Bpd Off price/" target="_blank">Oil Market – Energy MinistryMOSCOW (Sputnik) — This week oil output in Libya has reached 708,000 barrels per day, the maximum over the past three years, while less than a year ago oil production did not exceed 200,000 barrels per day, The Wall Street Journal reported, citing a source in the National Oil Corporation (NOC).
. read more from here
Nigeria Oil Output Latest To Jump - Effect Of OPEC Cuts Will Be Limited - If The Deal Lasts At All - The United States Oil ETF, LP (NYSEARCA:USO)
this i - Click to enlargeSource: Stock PhotoWith the latest news from Nigeria that is has boosted its oil production by 100,000 barrels per day, it's increasingly clear the move by OPEC to support the price of oil by pressing for an output cut deal is going to be challenged by the rapidly increasing supply of oil from a variety of sources, which will undermine the purpose of the deal.
. read more from here
Low Oil Prices Could Last As OPEC Cuts Won't Suffice
this i - An OPEC production cut offers oil producers hope for higher prices in 2017.
. read more from here
read more visit us Energy markets
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