Tuesday, 8 May 2018
What’s Behind The Oil Rally?
So... The oil market has been going crazy in the last few days. On Monday, the US West Texas Intermediate crude for June delivery rose nearly 1.5 percent to reach $70.73 per barrel on the New York Mercantile Exchange.
This has been its highest level since November 2014. And the funny thing about it? US crude production continues to grow steadily week after week. In fact, output levels are dangerously close to Russia - the world’s largest producer to date.
So… what everyone wants to know right now are the reasons behind the rally. And that’s not a single-factored movement, but instead a combination of four factors:
1- OPEC + Non/OPEC Output Cuts
Yes. The deal hasn’t changed much since it was first implemented back in 2017, but the 1.8-million-barrels-per-day cut has been doing well for itself. The agreement was renewed not long ago and it is expected to run until the end of this year.
According to a survey conducted by S&P Global Platts, OPEC’s production dropped in April to a one-year low with only 32 million barrels a day produced last month, down 140,000 barrels a day from the previous month.
2- Stronger Demand
And while supply continues to move down, demand is growing as never before. The International Energy Agency expects demand to reach 99.3 million barrels a day this year, up from 97.8 million barrels a day registered in the prior year.
3- Potential sanctions against Iran
Iran is a major producer of the Organization of the Petroleum Exporting Countries. Imposing new sanctions against it would immediately be reflected on further production cuts.
President Donald Trump said his decision on the Iran nuclear agreement will be announced today. Expectations are pointing at a pull out from the deal.
4- Venezuela crisis
Another report from S&P Global Platts said Venezuela output was at its weakest point in almost three decades. The economic crisis is not expected to improve any time soon and speculation continues to build up for an even worst scenario.
Thank you, very useful article in our time. If you need help writing an essay or an article, go here - https://writepaperfor.me/
ReplyDeleteI do agree, reaching reach 99.3 million barrels a day this year, up from 97.8 million barrels a day is very possible.Literature review writer
ReplyDeleteaptoide lite 30 ghdf h hdf hdfh
ReplyDeletePositive site, where did u come up with the information on this posting? I have read a few of the articles on your website now, and I really like your style. Thanks a million and please keep up the effective work.
ReplyDeletewww.office.com/setup
www.office.com/setup
www.office.com/setup
Nice article thanks for sharing. I am a writer and write essays and research articles, if interested, visit my website- https://statistics.homeworkfor.me/.
ReplyDeleteFree Essays For Students
ReplyDeleteUse these essays as examples to write your paper
Writing an essay is not a simple task. Even today, when students have an opportunity to find an answer to any issue on the Internet, writing an essay still remains one of the biggest challenges for many. On the web, one can find limitless guides and tips on how to write a paper. However, sometimes it is better to read a good essay sample then spend time on endless tips. https://samples.essaytopicsmasters.com/
If you're looking for a free paper grader, look no further, check our free grammar and content checking tool.
ReplyDelete
ReplyDeleteGreat information you shared through this blog. Keep it up and best of luck for your future blogs and posts.
office.com/setup
I think this is a useful post and it is exceptionally valuable and learned. along these lines, I might want to thank you for the endeavors you have made recorded as a hard copy this article. In the event that you are searching for antivirus security for your PC and some other advanced gadgets than. Visit@:
ReplyDeleteofficesetupusa.com
office.com/setup
ReplyDeleteI think this is a useful post and it is exceptionally valuable and learned. along these lines, I might want to thank you for the endeavors you have made recorded as a hard copy this article. In the event that you are searching for antivirus security for your PC and some other advanced gadgets than. Visit@: norton.com/setup
McAfee.com/activate
It is highly useful site. I am happy that I found it. I got some essays writing ideas. Therefore, you gave me some food for thought. I will start writing immediately.
ReplyDeleteGreat post! I like the way you explained each and every article in your blog and particularly this article very helpful to me. If you're looking for a question and answers writing service, look no further, check our free website. We guarantee your piece of writing will be delivered to you on schedule. If you decide to prepare for your exams on your own, we can provide you with handy hints by following which you will be able to receive the desirable grades.
ReplyDeleteGreat and informative article. Moreover, it rather important today. If you are interested in sequence essay example on a topic like this one. Visit our web site and forget about low grade.
ReplyDeleteWhen i was studiyng at the university i could not imagine i was to do a good resume in order to recquire a well-paid job but thanks to your site and resume professional writers i had the possibillity to do it in a short time and hired on a good work, so thanks a lot.
ReplyDeleteHi! If to speak about online tutoring services, I do know the one which is ready to help with your nursing paper. This paper writing service has pro writers years of experience.
ReplyDeleteHello! Thanks for this article. It is really useful for my deductive essay. I can finally start writing it.
ReplyDeleteamazing post
ReplyDeletemcAfee.com/activate
Hello people! What an interesting post! I have never heard about such event. By the way, if you need any help with the writing your papers then you can apply to the book report writing service what is very easy in usage. There you can use many options like writing and rewriting papers.
ReplyDeleteMicrosoft Office suite contains continually utilized endeavors and affiliations. The most utilized undertakings of Microsoft Office are Word, a word overseeing program, Excel, a spreadsheet program, PowerPoint, an introduction producer, and Access, a database application.
ReplyDeleteoffice.com/setup
Norton 360 introduces rapidly, and enables you to oversee assurance for all your PC and handheld gadgets by means of a solitary membership (up to 10 gadgets).Utilizations Symantec's risk insight system included groups of security specialists. They always examine new dangers discovering approaches to secure gadgets with Norton 360 introduced.
ReplyDeletenorton.com/setup
Looking for cheap essay service? Use this 21% off paperhelp discount.
ReplyDeleteAllassignmenthelp do for you the best your best grades? Their prices, quality, discounts and special features in our full updated assignment help. Instant Assignment Help provided with our Expert. There are many offers in our company for a new student. We also provide such as Homework Help UK for the student passing problem in making their assignment.
ReplyDeleteYou’re a very skilled blogger. I have joined your feed and look forward to seeking more of your fantastic post. Also, I have shared your web site in my social networks!
ReplyDeleteNorton.com/setup
office.com/setup
Norton.com/setup
mcafee.com/activate
mcafee.com/activate
ReplyDeleteReally Appreciate, This impressive post certainly encourages to choose. Get www.allassignmenthelp.com by the best qualified and experienced assignment experts.
<a href="https://www.makemyassignments.co.uk/make-my-law-assignment.html”>
Law homework help</a>
<a href=”https://www.makemyassignments.co.uk/make-my-law-assignment.html”>
Make my law assignment</a>
Greetings I am so excited I found your web site, I really found you by error, while I was browsing on Yahoo for something else, Anyhow I am here now and would just like to say kudos for a marvelous post and a all round interesting blog (I also love the theme/design), I don’t have time to browse it all at the minute but I have saved it and also added your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the superb
ReplyDeletefox sports go activate
espn.com/activate
When you are looking to hire someone for writing your dissertations and there are so many to options, how you can choose the one who'll deliver the best quality work? Dissertation Writing Services is the best one who could deliver you the best dissertations.
ReplyDeleteMy friends often ask me. How do I write such cool essays? The answer is simple. I use extra help. I found this site https://essayslab.com/how-to-write-an-evaluative-essay.html. There are many professionals who are ready to write everything for me.
ReplyDeleteIt is not a secret that one cannot write an impressive report without reading the book. The main challenge in doing this task is that the book may be too lengthy or confusing. The solution is to buy a book report online.
ReplyDeleteHello, I would like to thank you for sharing this interesting information. I appreciate reading it. The material you have provided here will be useful for a lot of people. I was actually looking for a place where I can find essay professors sample tasks, nevertheless, thanks.
ReplyDeleteLufthansa Booking Thanks for the nice blog. It was very useful for me. I’m happy I found this blog. Thank you for sharing with us,I too always learn something new from your post.
ReplyDeleteLufthansa Flight Booking Much obliged for the pleasant blog. It was extremely valuable for me. I'm cheerful I discovered this blog. Much obliged to you for imparting to us, I also consistently discover some new information from your post.
ReplyDeleteLufthansa Ticket Booking It was incredibly significant for me. I'm merry I found this blog. Thankful to you for giving to us, I likewise reliably find some new data from your post.
ReplyDeleteLufthansa Flight Cancellation Policy Thanks for the nice blog. It was very useful for me. I’m happy I found this blog. Thank you for sharing with us,I too always learn something new from your post.
ReplyDeleteGarmin Express Not Working Windows 10 Thankful for the wonderful blog. It was incredibly important for me. I'm bright I found this blog. Thankful to you for granting to us, I likewise reliably find some new data from your post.
ReplyDeleteAvianca Airlines Reservations Thank you for sharing this sites
ReplyDeleteI got what I was looking for. I found a writer who can term paper writing service. This is very cool. I know now I can get the help which I need.
ReplyDeleteWindows 11 is the redesigned version of Windows 10 and that is why it has much more features than the ones present in Windows 10. But, I didn’t know how to install the 32 and 64-bit versions of Windows 11 on my computer. However, this blog helped me a lot in the same and guided me towards making a good 32 & 64-bit Windows 11 Download, and that too free of cost.
ReplyDeleteHello, great post. Frankly speaking, I haven't heard a lot about the fuel crisis. If I'm not mistaken my teacher told me about it when I was at college I needed to do my excel homework https://specialessays.com/do-my-excel-homework/
ReplyDeletethanks to the source I discovered online.
Thanks for the information. It is very useful for us. For more details like this visit our website.Best tours and travels agency in jaipur.
ReplyDelete