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Energy

OIL

OPEC Discipline Partly to Blame for Oversupply, but Saudi Leadership May Boost Prices

Khalid al-Falih is the new Minister of Energy, Industry, and Natural Resources.
OPEC discipline might be waning as oil's price continues to stay low on international indices as high supply persists, but recent moves by Saudi Arabia in Russia this week indicate action is forthcoming to curb supply.

OIL SUPPLY

Quarterly Oil Market Update from Jadwa Investment finds Cuts Contributing to Lower Balances

Oil-Supply_Jadwa
According to recently released data by Riyadh-based Jadwa Investment, Both OPEC and non-OPEC cuts are contributing to a reduction in global oil balances.
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