Home » Posts tagged 'opec' (Page 39)
Tag Archives: opec
Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada | Zero Hedge
Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada | Zero Hedge. The march of global de-dollarization continues. In the last few days, China has signed direct currency agreements with Canada becoming North America’s first offshore RMB hub, which CBC reports analysts suggest “could double maybe even triple the level of Canadian trade between Canada and China,” […]
US oil dependency on Middle East has hardly changed since 2007
US oil dependency on Middle East has hardly changed since 2007. This is part 2 of a series of articles on how US tight oil has impacted on oil markets The following graph shows US petroleum imports from OPEC countries starting in 1960. This includes both crude oil and petroleum products. Fig 1: US crude […]
Oil Price Slide – No Good Way Out | Our Finite World
Oil Price Slide – No Good Way Out | Our Finite World. The world is in a dangerous place now. A large share of oil sellers need the revenue from oil sales. They have to continue producing, regardless of how low oil prices go unless they are stopped by bankruptcy, revolution, or something else that gives them […]
Saudis Go Back to the Future to Take on U.S. Shale Rivals – Bloomberg
Saudis Go Back to the Future to Take on U.S. Shale Rivals – Bloomberg. The Saudi oil minister’s visit to Venezuelathis week is also a trip through time. Flash back to December 1998 whenSaudi Arabia looked to its fellow OPEC member for help lifting oil prices from about $10 a barrel. Back then, the Saudis were defending their dominance […]
Saudi Oil Market Fight Shifting to U.S. as Asia Prices Increased – Bloomberg
Saudi Oil Market Fight Shifting to U.S. as Asia Prices Increased – Bloomberg. Saudi Arabia’s increase in crude prices for Asia signals the world’s biggest oil exporter is focusing its fight for market share on the U.S. While Saudi Arabian Oil Co. boosted differentials for supplies to Asia next month after cutting some November prices to the […]
OPEC Chief Warns Against Oil Price Panic
OPEC Chief Warns Against Oil Price Panic. OPEC Secretary-General Abdalla Salem el-Badri says he doesn’t expect demand for the cartel’s oil or its production levels to change in the coming year, and he is urging member states not to be alarmed by oil’s current low prices. “Don’t panic,” el-Badri said Oct. 29 at an impromptu news conference […]
OPEC Head Tells Oil Market to Stop Panicking About Prices – Bloomberg
OPEC Head Tells Oil Market to Stop Panicking About Prices – Bloomberg. Everyone in the oil market should stop panicking because crude supply and demand will return to equilibrium, OPEC’s Secretary-General said. Members of OPEC, who pump about 40 percent of the world’s oil, aren’t waging a price war and haven’t demanded an emergency response […]
Peak Oil Review – Oct 27
Peak Oil Review – Oct 27. New York futures continued to slide last week closing Friday at $81.01 for the fifth weekly loss. London oil traded quietly around $86 a barrel to finish out the week at $86.13, also down for the fifth consecutive week. There has been no change in the markets’ perception that there is […]
‘Saudi policy of downplaying oil prices to backfire on them’ — RT Op-Edge
‘Saudi policy of downplaying oil prices to backfire on them’ — RT Op-Edge. Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT. RT: Russia’s economy […]
Peak oil review – Oct 20
Peak oil review – Oct 20. 1. Oil and the Global Economy Oil prices continued to fall through Thursday when New York futures traded below $80 a barrel and London as low as $82.60. Prices then rebounded to close Friday at $82.75 in NY and $86.15 in London. As has been the case for several weeks, the 25 percent […]
Resource Insights: Oil decline: Price makes the story
Resource Insights: Oil decline: Price makes the story. When the world’s business editors sent their reporters canvassing to find out what is behind the recent plunge in the world oil price, they were doing what they do almost every day for every type of market: stocks, bonds, currencies, commodities and real estate. In financial journalism […]
WTI Gains for Third Day as Iran Seeks Halt to Price Drop – Bloomberg
WTI Gains for Third Day as Iran Seeks Halt to Price Drop – Bloomberg. Brent crude traded for a fifth day close to a level that’s prompting speculation that OPEC will respond by cutting supply. West Texas Intermediate, which fell into a bear market this month, extended a rally. Brent, the global benchmark, rose or […]
