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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (52130)	11/20/2018 4:08:14 PM
From: Goose94	Read Replies (1) \| Respond to of 202716

Crude Oil: prices fell in early trading on Tuesday on persistent fears of oversupply. OPEC+ could cut output in two weeks’ time, but for now, volatility is here to stay. “The name of the game in the oil market is volatility,” IEA executive director Fatih Birol said at a conference in Oslo. “And with the increasing pressure of geopolitics on oil markets that we are seeing, we believe that we are entering an unprecedented period of uncertainty.” Major oil-producing countries in the Middle East will add 2.7 mb/d of capacity through 2025, according to Rystad Energy. Iraq will add the most at 1.5 mb/d, and an additional 1.2 mb/d will come from the UAE, Iran, and the Neutral Zone between Saudi Arabia and Kuwait. Global output from conventional fields outside the Middle East peaked in 2010, Rystad says, and will fall by another 2.3 mb/d by 2025. Reuters reports that Japan and South Korea may begin importing oil from Iran again in January, having obtained waivers from the U.S. government. The two countries had virtually eliminated imports from Iran in recent months, but now feel that they have some space for buying oil once again. The waivers last until May.