Crude prices may be bottoming

02/09/2009
As February opened, crude prices appeared to be “in the early stages of a bottoming process” amid growing speculation that production cuts by the Organization of Petroleum Exporting Countries might finally be catching up to the demand destruction from the international financial crisis.In New Orleans, analysts at Pritchard Capital Partners LLC said OPEC is “moving forward diligently” with reductions below its 24.8 million b/d target. The 11 participating OPEC members, aside from Iraq, are expected to produce 23.6 million b/d in the 4 weeks ending Feb. 14, down from 23.7 million b/d in the 4 weeks through Jan. 17.Furthermore, flattening of the forward price curve as...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected