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Power & Energy Commodity News

Everyone Is Guessing When It Comes To Oil Prices

London, 11 March 2015

Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

Read more: Everyone Is Guessing When It Comes To Oil Prices

The big drop: Riyadh’s oil gamble

Source: Financial Times, 9th March 2015

For years Saudi Arabia acted as a safety net in the market, but as prices fell the game changed, writes Anjli Raval

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Crude prices may average as high as $80/bbl in 2016

London, 9 March 2015

Crude prices could average as high as $80/bbl in 2016 in the event of an OPEC output cut in June, according to the Oil Research & Forecasts team at Thomson Reuters.  Click here for February’s full report, highlights follow below:

Read more: Crude prices may average as high as $80/bbl in 2016

Traders adrift over oil storage trade

Source: Financial Times, 9th March 2015

Supertankers being leased as contango fails to live up to lucrative hopes

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Traders left adrift over oil storage trade

Source: Financial Times, 9th March 2015

Supertankers being leased out as contango fails to live up to lucrative hopes

Read the full article on FT.com

Saudi oil exports continue to rise

London, 9 March 2015

Average exports from Saudi Arabia for February totaled just under 7 million bpd, 66,000 bpd higher than the January average, according to the Oil Research & Forecasts team at Thomson Reuters. Click here for February’s full report, highlights follow below:

Read more: Saudi oil exports continue to rise

Bakken shale producer seeks out suitors

Source: Financial Times, 9th March 2015

Whiting Petroleum auction to test investor interest in US shale oil industry after crude price fall

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Statoil delays Arctic oilfield project

Source: Financial Times, 6th March 2015

Falling crude prices and expected high operating costs cause postponement

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Oil falls on prospect of Iran’s return

Source: Financial Times, 6th March 2015

Exports from country would not have to rise much to have market impact

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ExxonMobil bucks sector’s gloom

Source: Financial Times, 5th March 2015

World’s largest energy group uses downturn to put itself in a stronger position than its rivals

Read the full article on FT.com