Brexit

  • OPEC Cites Brexit Risk to Global Oil Demand

    OPEC Cites Brexit Risk to Global Oil Demand

    Wednesday, 13th July 2016
    The Organization of Petroleum Exporting Countries (OPEC) has recently pointed to a pending crude supply deficit, instead of a surplus created by low oil prices, as it said that the oil markets are likely to generate high global demand for crude, with an estimated increase of 1.15mb/d, in 2017.
  • Crude Investors Flee to Safety after Brexit

    Crude Investors Flee to Safety after Brexit

    Sunday, 26th June 2016
    The UK’s surprising vote to for Brexit has brought a new level of uncertainty into the markets as investors started to withdraw from the international oil and gas market and the oil prices started to falter. Analysts estimated that crude oil inventories would fall by at least 1.7m barrels, so far, they fell by 0.9m barrels.