Despite devastating weather that sent energy market participants into a frenzy, the average of the 12-month forward curve for WTI remained flat month on month at $50.43/b. However, internal rates of return (IRR) increased across the board due in large part to higher natural gas liquids (NGLs) prices.
Posts tagged ‘output’
 
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July 27, 2017 05:01 UTC 
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The US propylene market is looking bearish for the second half of 2017 as a major capacity addition in the US Gulf Coast is expected to further lengthen supply and lead to more exports, which have already been on the rise. |
 
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June 29, 2017 12:30 UTC
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OPEC and its associated non-OPEC producers’ decision in May to extend their production cuts for an additional nine months through to end-March 2018 has not been met with overwhelming enthusiasm by the oil market. In fact, quite the contrary; the price of Dated Brent sunk from above $53/barrel in May to just $44.46/b June 23, although it has rebounded slightly in recent days to $46.47/b June 28. |
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April 21, 2017 18:13 UTC
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This is the second of a three-part look at why oil prices have failed to rally despite OPEC’s best efforts at managing supply cuts. Read part 1 here and then continue with part 3 here. So, why is everyone so bullish? Many oil analysts take as a fait accompli that OPEC-led production cuts thus far are key to balancing the crude market. If this is the case, though, why hasn’t it happened yet? Asia, crude, crude oil, Europe, inventories, Iran, Japan, Libya, markets, Middle East, oil, OPEC, output, prices, production, Russia, Saudi Arabia, Saudi Aramco, supply/demand, Taiwan, trade flows, traders, trading, US
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April 19, 2017 19:32 UTC
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This is the first part of a three-part series on headwinds facing the crude market. Read part 2, published April 21, and then be sure to see part 3, published April 27. These have been interesting times in the crude market. Prices had been trading comfortably above $50/b since late March, with bulls re-trenching on the idea that Saudi-led OPEC supply cut will soon tighten balances. And while today’s price declines could prove temporary, a measure of caution is advised to all bulls, for two key reasons — reasons that we’ve been watching closely since November. Asia, crude, crude oil, Europe, Iran, Iraq, Latin America, markets, North Sea, oil, OPEC, output, prices, production, Russia, Saudi Arabia, supply/demand, trade flows, trading, US
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