The International Energy Agency's (IEA) latest monthly market report is a sobering read for anyone thinking the market was speeding towards supply-demand balance. OECD stocks rose again in April and are now 292m barrels above the five-year average. That metric is important: Saudi Arabia is using it to judge the effectiveness of Opec's cuts. Production is obviously a culprit. The price rise that followed Opec's decision to start holding back supply last November put rockets under US supply.
Opec and its partners outside the group are sticking with the plan, convinced they will succeed in eliminating the global stock glut. But in extending their deal for nine months, to end-March 2017, they have accepted the market's judgement: the rebalancing process will take longer than they wanted or expected.
Opec meets this week in Vienna and for all the back-slapping about record-high compliance with its cuts, things are not going in the group's favour. Opening the taps, as it did in late 2014, brings weak prices and intolerable fiscal pain. Tightening supply, as it has done since January, can stop another price collapse but in reality it just subsidises American shale. For now, Opec is sticking with the second of the two bad options. Texas will be pleased.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Obama AND Romney or Obama + Romney.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used.) For example, search for democrat OR republican to find results that refer to
Democrats and/or Republicans.
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".