Silver Ridge Resources says OPEC’s decision to maintain output will help keep the crude oil market oversupplied for some time. According to Silver Ridge Resources, the Organization of Petroleum Exporting Countries’ (OPEC) decision to leave crude oil output unchanged will almost certainly ensure the market remains oversupplied and exert downward pressure on prices. The well-aired […]
Silver Ridge Resources Says OPEC Crushing US Shale Producers
Silver Ridge Resources says OPEC’s strategy of maintaining full production is succeeding in squeezing US shale oil producers out of the market. According to Silver Ridge Resources, oil cartel, OPEC has claimed that it is prevailing in its efforts to preserve market share at the expense of high-cost oil producers in Brazil, Russia but particularly […]
Silver Ridge Resources Reports Crude Slips as Saudis End Yemen Airstrikes
Silver Ridge Resources says it will take more than the end of Saudi airstrikes against rebels in Yemen to push oil prices down to recent lows. According to Silver Ridge Resources, the tailwind that drove crude oil prices $10 higher this month has weakened after Saudi Arabia announced an end to its month-long airstrike campaign […]
Silver Ridge Resources Says More Oil Mega Mergers Likely
Silver Ridge Resources says the Royal Dutch Shell, BG deal could be the first of many in an oil & gas sector coming to terms with a new supply reality. According to Silver Ridge Resources, Anglo-Dutch oil major, Royal Dutch Shell’s bid for its smaller UK-headquartered rival BG is likely the first of what could […]
Silver Ridge Resources Reports as US Rig Count Falls 14th Week In A Row
Silver Ridge Resources predicts very little let up in the rate at which US drilling rigs are being idled as oil prices head for $40. Silver Ridge Resources says It cannot envisage an easing in the rate at which US drilling rigs are being mothballed until the end of the 2nd quarter of 2015. The […]
Silver Ridge Resources Comments US Dollar Factor In Oil Price Understated
Silver Ridge Resources says that not all of oil’s price woes lie in the supply glut and that a resumption of the US dollar’s decline will see prices above $60 a barrel by year end Silver Ridge Resources says that although much is being made of the supply glut’s role in low oil prices, the […]