There are a number of interrelated drivers behind the worldwide demand for crude.
Middle East
China’s Tariffs: A Headache for the Next Wave of US Natgas Export Projects?
What effect will Trump’s tariffs have on US LNG exporters in particular and LNG trade?
Oil Demand Shrinks Under Weight of US-China Trade War
This trade war has slowed demand for oil in China, but also in Europe and America itself.
Attack on Saudi Oil Production Triggers Fears for Global Oil
Saudi Arabia’s Abqaiq plant has restarted and is now processing about 2 million barrels a day, restoring just under half the output lost after the facility was damaged in an attack.
OPEC Sees Oil Surplus in 2020 Amid Shale Surge
It is likely that any further production cuts by OPEC and Russia to maintain prices will be harder to implement if all it does is boost American oil producer’s profit margins and encourage greater investment in well drilling and completions.
Hire Me! Nicholas Newman
