Oil & Energy

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The OPEC Monthly Oil Market Report (MOMR) for January released Wedneday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

In the past few years there has been much chatter about oil trians. There was the explosions, the shortage of pipelines during $100 crude and then enter Warren Buffet and his railroads and his backing of the US Democratic party.

Norway's Rystad Energy, who is considered the leading energy consultancy firm. On July 4th no less they have declared that US reserves are larger than Russia  with 256 billion barrels and Saudi Arabia with 212 billion barrels.

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