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August JKM falls to less than $11/MMBtu
Sellers continued struggling to place the last unsold August cargoes July 8, sending the August Platts Japan Korea Marker to $10.925/MMBtu, down $0.10/MMBtu, while the Northwest Europe Marker closed at...Read More »
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OPEC sees 2015 call on own crude down 300,000 b/d at 29.4 mil b/d
Rising supply from non-OPEC producers will more than meet expected growth
in world oil demand next year, forcing OPEC to cut its forecast of demand for
its own crude by 300,000 b/d, the cartel's Vienna secretariat said Thursday in
its latest monthly oil market report.
UPDATE: IEEJ sees 2015 non-OPEC oil supply rising 1.6 mil b/d, led by US exports
Non-OPEC oil supply is expected to rise by 1.6 million b/d in 2015 from a
year earlier, led by increasing US liquids exports, a senior oil analyst at
the Institute of Energy Economics, Japan said Thursday.
NYMEX crude settles at five-week low as fuel demand sinks, Libya restarts output
NYMEX August crude settled Wednesday at its lowest level in five weeks,
down $1.11 at $102.29/barrel, as a dip in US gasoline demand and the restart
of a major Libyan oil field weighed on the complex.