Gold Silver Reports → Global oil supply growth is plunging as an extended period of low prices takes its toll, the International Energy Agency (IEA) said in its annual Medium-Term Oil Market Report (MTOMR) released today.
crude oil
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Crudeoil Prices Weak on Over-Production
Gold Silver Reports → Crudeoil prices clung to steep losses in early Asian trading on Monday as production outpaces demand and U.S. crude stocks swelled to record levels.
Commodities Weekly Research Report 22-02-16 to 26-02-16
Commodities Weekly Research Reports 22.02.2016 to 26.02.2016
Commodities Weekly Research Reports
Crude on Earth Concerns Related to Excessive Supply
Gold Silver Reports → Crude on earth concerns related to excessive supply, but still ended the week up nearly 10% as the prospects of a potential output freeze from four top producers boosted prices from near 13-year lows.
WTI Crude Oil Rose Above $31.50 Per Barrel
Gold Silver Reports → Crude Oil producers finally considering output adjustments, crude-oil traders are beginning to see the market finally hitting bottom after long, dramatic declines, but the large supply glut may not be so easy to eliminate.
Iran Support Fine Line over Production Freeze
Gold Silver Reports → Iran has expressed trade support for efforts among oilproducing nations to cap output yet stopped short of joining the pact, trying to decide the best way forward as it re~enters the international market.