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Looming US election and Saudi Aramco float plans mean the kingdom needs higher oil prices urgently
Surge in supply from outside Opec presents challenge for efforts to curb production
The oil production deal led by Russia and Saudi Arabia cannot stop the market trend
Hong Kong Leader Carrie Lam condemns protesters who stormed and occupied the Legislative Council
Oil investors will have to rely on unholy alliance for price support
Oil group to extend cuts but Tehran laments growing influence of Moscow and Riyadh
Comments come in response to growing Russian and Saudi Arabian dominance
Riyadh’s policy has inadvertently freed up growing bounty of US barrels
Rising non-Opec production to keep price increases at bay in 2020
US shale’s rise means supply threats no longer have the same power to shock the market
Premiums for prompt delivery are at five-year highs, suggesting a tight market
Despite sanctions, civil war and tainted supplies, traders are fixated on the long term
US president said he told oil cartel to bring down prices
Trump has pushed Opec not to let prices go too high for the sake of the global economy and his re-election hopes
Cartel’s production fell by 534,000 barrels a day in March
The producers’ cartel is unlikely to back away from its strategy of production cuts
Opec supply cuts have boosted oil in recent weeks
Record output from the US shale industry sparks doubt prices can rise much further
In the short term there may not be as much slack in the oil market as the US believes
US president reminds traders gathering in London that crude is rarely a one-way bet
US president warns cartel against squeezing supply further
The country is close to complete collapse.
