• The prospects for world oil demand were lowered

    World Oil production fell by 755,000 barrels per day in March to 95.98 million barrels per day due to the commitment of OPEC and non-cartel states. Thanks to this the global Oil market is now close to recovery.

  • Is Oil going down the drain?

    One-third of the increase in OPEC cartel production will come from Iraq and Iran. Together with the growing demand for energy, the IEA report looks optimistic.

  • Europe is in a slow but steady decline?

    The decline of the economic activity in the Eurozone seems to be slowing it’s pace, but it is too early to cheer as the preliminary data showed, how the activity is still on the worst level of the last one and a half years.