Gulf Oil and Gas accountACCOUNT

Oil Markets Start 2018 With A Bang

Source: www.gulfoilandgas.com 1/3/2018, Location: Europe

Share |
Oil prices opened the year above $60 a barrel the strongest start to a calendar year since 2014. Both crude oil benchmarks the U.S. West Texas Intermediate (WTI) and globally traded Brent rose amid production cuts led by the Organization of the Petroleum Exporting Countries and anti-government protests in Iran.

Oil prices last hit $80 per barrel in November 2014. Both WTI and Brent collapsed from above $100 per barrel in June 2014 to around $30 a barrel in January 2016 due to weak demand, a strong dollar and booming U.S. shale production.

OPEC, along with other oil producers such as Russia, has curbed the supply of crude since January last year. The output cuts will be extended until the end of this year.

This year could mark a comeback for commodities, with oil potentially hitting $80 per barrel.

Financials and Investment News in Austria >>

Argentina >>  7/12/2018 - FMO has extended a USD 26 million long-term loan to Argentine energy company Genneia to develop two wind farms at Villalonga and Chubut Norte in the p...
Egypt >>  7/12/2018 - Egyptian General Petroleum Corp (EGPC) has hired HSBC to arrange a loan of around $1 billion, five banking sources familiar with the matter said, the ...

India >>  7/9/2018 - Cairn Energy has provided an update on its ongoing arbitration with the Government of India under the UK-India Bilateral Investment Treaty. All of the...
United States >>  7/9/2018 - Based on preliminary reporting from operating units, TGS management expects net revenues for the second quarter of 2018 to be approximately USD 158 mi...

Saudi Arabia >>  7/4/2018 - Saudi Aramco announced that it is adjusting its Asia crude oil pricing marker in an effort to increase the overall reliability of its crude oil pricin...
Morocco >>  7/2/2018 - Sound Energy, the Moroccan focused upstream gas company, is pleased to announce a placing of new ordinary shares to raise US$15 million before costs (...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Austria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

More News

 

Oil & Gas Companies in Austria >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.