Home » Posts tagged 'opec' (Page 13)
Tag Archives: opec
What Is A ‘Fair’ Price For Oil?
What Is A ‘Fair’ Price For Oil? Last week, oil prices hit their highest level since late 2014 on the back of continued global and U.S. stockpile drawdowns and expectations that oil demand growth will stay strong this year. Analysts and officials are once again trying to predict what a ‘fair’ price for oil is […]
Saudi Arabia’s $100 Oil Dilemma
Saudi Arabia’s $100 Oil Dilemma Saudi Arabia is rumored to want oil prices at $100 per barrel, but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials want more revenues for their budget and a higher oil price to bolster the valuation of the Aramco IPO. But that […]
IEA: U.S.-China Trade Row Could Dampen Oil Demand Growth
IEA: U.S.-China Trade Row Could Dampen Oil Demand Growth OPEC is very close to achieving its mission to draw oil inventories down to their five-year average, but the ongoing U.S.-China trade spat is a risk to oil demand growth expectations this year, the International Energy Agency (IEA) said in its Oil Market Report on Friday. […]
Saudi Officials Worried About Oil’s Future
Saudi Officials Worried About Oil’s Future Saudi government officials like talking to the media about oil. They invariably come across as upbeat, confident that the OPEC deal will achieve its goal of shrinking the global oversupply, and equally confident that U.S. shale will not seriously eat away at their oil revenues, however fast it grows. […]
OPEC Scrambles To Justify Output Cuts
OPEC Scrambles To Justify Output Cuts Oil inventories are approaching the five-year average level in OECD countries, the all-important threshold for “re-balancing” the oil market. A year and a half on from OPEC’s original deal to limit output, the surplus oil stashed in storage tanks around the world are nearly back to average levels. However, […]
OPEC Doubles Down On Draining Oil Inventories
OPEC Doubles Down On Draining Oil Inventories Although the oil market has been improving, OPEC still has work to do to bring global oil inventories back to their five-year average—the metric that OPEC has vowed to achieve with the production cut deal, OPEC Secretary General Mohammad Barkindo said on Monday while on a visit to […]
U.S. Shale’s Dirty Secret
U.S. Shale’s Dirty Secret U.S. shale is surging, threatening to take even more market share away from OPEC. But the prospect of U.S. oil edging out barrels from the Middle East is not nearly as simple as it might seem. Oil coming from the major shale plays in the U.S. is light and sweet, while […]
OPEC Deal In Jeopardy As Iran And Saudi Arabia Square Off
OPEC Deal In Jeopardy As Iran And Saudi Arabia Square Off Iran and Saudi Arabia are at odds over what to do next with the OPEC agreement, a conflict that could sow the seeds of the agreement’s demise over the course of the next year. As the WSJ notes, the dispute centers around exactly what […]
Old Fields Die Hard
Old Fields Die Hard Oil is setting up for a turbulent year. In an industry that is always full of contradictions, 2018 has been a particularly complicated and divisive year for the global oil markets–and it looks like it won’t be letting up any time soon. For months, the Organization of Petroleum Exporting Countries (OPEC) […]
Glut Or Deficit: Where Are Oil Markets Headed?
Glut Or Deficit: Where Are Oil Markets Headed? A flurry of recent oil market forecasts have sent a lot of mixed messages about what to expect both in the near-term and over the next several years. Is U.S. shale about to flood the market, setting off another bust? Or is demand so strong that with […]
OPEC Exports To The U.S. Continue To Decline
OPEC Exports To The U.S. Continue To Decline In the latter half of last year, we highlighted how Saudi deliveries to Motiva’s Port Arthur refinery had been surpassed by Iraqi barrels for the first time on our records. While this trend has now reversed, when it comes to total OPEC flows, the more things change, the more they […]
Shale Pioneer Issues Warning To US Drillers
Shale Pioneer Issues Warning To US Drillers U.S. shale has effectively upended the oil industry, with predictions that total U.S. oil production will surpass Saudi Arabia’s output this year, in turn rivalling Russia’s to become the preeminent global producer. From its position of being dependent on, and subordinate to OPEC, the U.S. has seemingly become […]
OPEC Looks To Dial Back Production Cuts
OPEC Looks To Dial Back Production Cuts Last week’s surprise drawdown in crude inventories may be the last for a while, as analysts are expecting a reversal in stocks this week. (Click to enlarge) (Click to enlarge) (Click to enlarge) – China became the second largest LNG importer in 2017, surpassing South Korea. – China’s […]
