O&G balancing?

  Bloomberg reported that we are going to get a balanced market by 2017 where production will match consumption and this is thanks to turmoil in oil producing nations as opposed to actual cut in production. World oil production in 2017 will very nearly match consumption, ending several years of oversupply, the Paris-based IEA forecast … More O&G balancing?

Being irrelevant

This week the O&G industry sees crude oil prices rising closer to the USD50 mark a barrel with WTI crude at USD48.62 and Brent crude at USD49.64 as of June 5th. With the current upward trend, it is not too reaching to speculate that crude prices may possibly touch USD60 and beyond by end of … More Being irrelevant