However, monthly figures show U.S. oil production flatlining recently, and even dipping in June, said Amrita Sen,
chief oil analyst at research consultancy Energy Aspects.
Not exact matches
«This is a clear sign of how spoilt Asia is for choice these days, with Middle Eastern crude now having to compete with
oil from other regions,» Amrita Sen, the
chief oil - market
analyst at Energy Aspects Ltd., a London - based consultant, said in an e-mail.
Many prominent
analysts, including British financials firm Standard Chartered's
chief economist, now see
oil climbing above $ 60 by the end of the summer.
Others have taken the other side of the bet, and overnight Bjarne Schieldrop,
chief commodities
analyst at SEB, says that he thinks there is a «very low chance» of an OPEC
oil - output cut tomorrow.
ANALYST VIEWPOINT: «Strong gains in the oil market and a solid close in U.S. markets should see a positive open to the trading week this morning,» said Rick Spooner, chief market analyst at CMC M
ANALYST VIEWPOINT: «Strong gains in the
oil market and a solid close in U.S. markets should see a positive open to the trading week this morning,» said Rick Spooner,
chief market
analyst at CMC M
analyst at CMC Markets.
Herman Wang catches up with
analyst Yasser Elguindi on the recent OPEC meeting's results and their impact on the global
oil balances and Ben Van Heuvelen, editor in chief of the Iraq Oil Repo
oil balances and Ben Van Heuvelen, editor in
chief of the Iraq
Oil Repo
Oil Report.