Yesterday's monthly oil market report from OPEC showed that oil production from Kazakhstan likely increased by 180,000 bpd in 2017 to 1.74 million barrels per day. Such a rise gives Kazakhstan the unenviable accolade of being the most out-of-compliance producer in the OPEC / NOPEC production cut deal - surpassing Iraq (some feat).
Continue ReadingOil prices are lower today, as focus shifts from optimism of the market balancing in the future, back to current oversupply. With today's US inventory report helping crude to pare losses with a solid draw to crude stocks, hark, here are five things to consider in oil markets today.
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