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… https://oilandenergyonline.com/articles/all/will-opecs-strategy-succeed-or-fail/
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… https://oilandenergyonline.com/articles/all/opecs-strategy-developing-cracks/
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… https://oilandenergyonline.com/articles/all/shale-oil-makes-rebound/
About two months ago, markets were shocked to see the United Kingdom vote to leave the European Union. Be prepared, because more calamities could be on the way in Europe.
About two months ago, markets were shocked to see the United Kingdom vote to leave the European Union. Be prepared, because more calamities could be on the way in Europe.… https://oilandenergyonline.com/articles/all/italys-banking-crisis-looming-threat/
At the beginning of June, the Labor Department released a shockingly bad non-farm payrolls report, showing that in May the U.S. economy created only 38,000 jobs against economist expectations for an increase of 164,000 jobs. Furthermore, employers hired 5…
At the beginning of June, the Labor Department released a shockingly bad non-farm payrolls report, showing that in May the U.S. economy created only 38,000 jobs against economist… https://oilandenergyonline.com/articles/all/jobs-report-raises-doubts-about-us-economy/
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.… https://oilandenergyonline.com/articles/all/saudi-arabia-damages-opecs-credibility/
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… https://oilandenergyonline.com/articles/all/signs-emerge-oil-recovery/
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… https://oilandenergyonline.com/articles/all/eliminating-crude-oil-overproduction/