Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
The recent oil price revival has continued unabated despite the 17 April gathering of oil producers in Doha failing to agree to a long mooted output freeze.
Initially the muted response was ascribed to an oil sector strike that started in Kuwait on the same day and which wiped out around 1.7mn b/d of production (MEES, 8 April). With IEA figures indicating global supply will outstrip demand by 1.3mn b/d in Q2 2016, this outage provided a handy explanation as to why Brent prices closed at $42.91/B on Monday 18 April, down just 20¢/B on Friday’s close despite the Doha failure.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE