Search

Home > Oil Prices Daily > Oil and Gas Market Summary 2/9/17 – Oil Prices Rise On Gasoline Demand, OPEC Compliance
Podcast: Oil Prices Daily
Episode:

Oil and Gas Market Summary 2/9/17 – Oil Prices Rise On Gasoline Demand, OPEC Compliance
Category: Business
Duration: 00:07:00
Publish Date: 2017-02-09 15:57:03
Description:

Be sure to subscribe at www.oilpricesdaily.com to get our daily newsletter and podcast delivered right to your inbox.

News Links:

Oil Prices Daily Newsletter for 2/9/17

…the compliance rate has not been spread evenly. Some countries, specifically Saudi Arabia, Kuwait and Angola, are over complying which is compensating OPEC members who are under complying.

+Saudi Arabia taking on the burden of OPEC oil cuts – CNBC

The problem is that many OPEC and non-OPEC countries ramped up production during the second half of 2016, especially during the final three months of the year before the agreement came into force.

Prior production increases have raised stocks and pushed back the time horizon for market rebalancing.

+OPEC supply surge has left oil market nursing a hang over: Kemp – Reuters

 

+Oil prices extend gains on strong us gasoline demand – MarketWatch

+Oil up after gasoline draw, but market bloated – Reuters

For more analysis and charts of today s oil price movements, visit the Oil Prices Daily Newsletter for 2/9/17

 

EKT Interactive Learning Resources:

Oil and gas podcast network includes:

Oil 101 A Free Introduction to the Oil and Gas Industry

The post Oil and Gas Market Summary 2/9/17 – Oil Prices Rise On Gasoline Demand, OPEC Compliance appeared first on EKT Interactive.
Total Play: 0