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The Big Question Post-OPEC+ Agreement

Where do we go from here?
In June, my colleague Rachel Luc laid out the landscape ahead of the OPEC+ meeting in Vienna, at which OPEC and, the following day, non-OPEC producers (led by Russia) would decide… http://oilandenergyonline.com/articles/all/big-question-post-opec-agreement/

Status of OPEC Agreement Ahead of June Meeting

In February 2016, Saudi Arabian Oil Minister Ali Al-Naimi announced a plan for a potential crude production cut. In December 2016, for the first time in nearly eight years, the Organization of the Petroleum Exporting Countries (OPEC) reached an agreement …
OPEC producers are set to meet on June 25 and 26 in Vienna, Austria   In February 2016, Saudi Arabian Oil Minister Ali Al-Naimi announced a plan for a potential crude… http://oilandenergyonline.com/articles/all/status-opec-agreement-ahead-june-meeting/

A Return of Volatility

During the last three months of 2018, crude oil lost over 40% of its value. West Texas Intermediate crude futures traded on NYMEX tumbled from their 2018 peak of $76.41/bbl on October 3, to $42.53/bbl on Christmas Eve, while Brent crude dropped from $86.2…
During the last three months of 2018, crude oil lost over 40% of its value. West Texas Intermediate crude futures traded on NYMEX tumbled from their 2018 peak of $76.41/bbl on… http://oilandenergyonline.com/articles/all/return-volatility/

Sanctioned

On July 14, 2015, the five permanent members of the United Nations Security Council (China, France, Russia, the United Kingdom and the United States) plus Germany signed the Joint Comprehensive Plan of Action (JCPOA) with Iran, known commonly as the Iran …
On July 14, 2015, the five permanent members of the United Nations Security Council (China, France, Russia, the United Kingdom and the United States) plus Germany signed the Joint… http://oilandenergyonline.com/articles/all/sanctioned/

OPEC Seeks Oil Market Stability

Moving on From Output Cut Deal
Moving on From Output Cut Deal In January 2017, OPEC and allied non-OPEC oil producers, most notably Russia, implemented a reduced production agreement for the purpose of… http://oilandenergyonline.com/articles/all/opec-seeks-oil-market-stability/

Tightening Global Oil Supply

Recently, global crude and refined products markets have been tightening. In September, “IEA and OPEC issued reports suggesting that global commercial oil stocks have been diminishing, while oil demand growth is strong and expected to stay that way” (OilP…
Recently, global crude and refined products markets have been tightening. In September, “IEA and OPEC issued reports suggesting that global commercial oil stocks have been… http://oilandenergyonline.com/articles/all/tightening-global-oil-supply/

Curtailing Excess Oil Output

It’s certain that global oil supplies are right now extremely excessive. World inventories are substantially above five-year averages, U.S. oil drilling rig counts have increased relentlessly, U.S. projects in the Gulf of Mexico are coming onstream, Libya…
It’s certain that global oil supplies are right now extremely excessive. World inventories are substantially above five-year averages, U.S. oil drilling rig counts have increased… http://oilandenergyonline.com/articles/all/curtailing-excess-oil-output/

OPEC’s Crucial Missteps

The jig is up for non-committal cartel members
The jig is up for non-committal cartel members Last year, OPEC decided to scrap their strategy of flooding the market with crude oil to drive prices lower and put shale oil… http://oilandenergyonline.com/articles/all/opecs-crucial-missteps/

Will OPEC’s Strategy Succeed or Fail?

Lately, more analysts are questioning whether OPEC’s current strategy is headed to success or failure. OPEC success is considered to be supply/demand rebalancing, elimination of excess global stockpiles and WTI at $60 by year-end. The keys to success are …
Lately, more analysts are questioning whether OPEC’s current strategy is headed to success or failure. OPEC success is considered to be supply/demand rebalancing, elimination of… http://oilandenergyonline.com/articles/all/will-opecs-strategy-succeed-or-fail/

OPEC’s Strategy is Developing Cracks

The CERAWeek global oil industry conference in Houston last month “exposed all the contradictions at the heart of OPEC’s attempt to rebalance the oil market without rekindling the shale boom or conceding too much market share to rivals” (Reuters). It was …
The CERAWeek global oil industry conference in Houston last month “exposed all the contradictions at the heart of OPEC’s attempt to rebalance the oil market without rekindling the… http://oilandenergyonline.com/articles/all/opecs-strategy-developing-cracks/

Will the OPEC Producers Hold the Line?

Last September in Algiers, the Organization of the Petroleum Exporting Countries (OPEC) reached a tentative agreement to cut oil production among its members to between 32.5 and 33.0 million barrels per day (mb/d). In November in Vienna, OPEC finalized th…
Last September in Algiers, the Organization of the Petroleum Exporting Countries (OPEC) reached a tentative agreement to cut oil production among its members to between 32.5 and… http://oilandenergyonline.com/articles/all/will-opec-producers-hold-line/

Shale Oil’s Rebound Continues

Shale oil is a vital cog in the U.S. energy industry wheel, so it’s advisable to periodically check its status.
Shale oil is a vital cog in the U.S. energy industry wheel, so it’s advisable to periodically check its status. With all the recent drama surrounding OPEC’s efforts to bring… http://oilandenergyonline.com/articles/all/shale-oils-rebound-continues/

Shale Oil Makes a Rebound

Crude oil prices in a $50 to $60 range will trigger increased capital expenditures and stepped-up production activity. Recently, Reuters cited a report that fleshes out this range. A $50-per-barrel price is insufficient for most major conventional oil pro…
Crude oil prices in a $50 to $60 range will trigger increased capital expenditures and stepped-up production activity. Recently, Reuters cited a report that fleshes out this… http://oilandenergyonline.com/articles/all/shale-oil-makes-rebound/

Saudi Arabia Damages OPEC’s Credibility

In late 2014, Saudi Arabia, and therefore OPEC, opted to maintain and even increase crude production levels in order to defend market share, even though oil prices would collapse. They dismissed the alternative, which was to decrease output and give up ma…
In late 2014, Saudi Arabia, and therefore OPEC, opted to maintain and even increase crude production levels in order to defend market share, even though oil prices would collapse.… http://oilandenergyonline.com/articles/all/saudi-arabia-damages-opecs-credibility/

Signs Emerge of an Oil Recovery

Many oil market observers are wondering if the current price slide of almost two years has reached a bottom or is close to doing so? Of course only hindsight can answer that question, but the first signs of a recovery are emerging. For instance, motor fue…
Many oil market observers are wondering if the current price slide of almost two years has reached a bottom or is close to doing so? Of course only hindsight can answer that… http://oilandenergyonline.com/articles/all/signs-emerge-oil-recovery/

Eliminating Crude Oil Overproduction

It’s well known that in response to the U.S. shale oil boom, OPEC (more specifically, Saudi Arabia) opted to eschew production cuts that would support prices. They chose instead to maintain output, preserve market share and allow prices to fall, for the p…
It’s well known that in response to the U.S. shale oil boom, OPEC (more specifically, Saudi Arabia) opted to eschew production cuts that would support prices. They chose instead… http://oilandenergyonline.com/articles/all/eliminating-crude-oil-overproduction/

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