Tagged With Opec
Muscat's oil plans in disarray
15 May 2020
The sultanate’s upstream development projects have taken short and longer-term hits
Gas and LNG brace for tougher times
1 May 2020
The global gas market faces choppier waters on demand uncertainty, overbuoyant supply and lower-for-longer oil
Texas searches for oil industry salvation
23 April 2020
Record low oil prices are compelling the state to consider proration. But greater measures may be needed to stave off financial ruin
Producers’ mindset needs to change
20 April 2020
Storage logistics have never been more challenging, playing to oil traders’ strengths. Pure producers’ structural lack of patience may only assists them
Mexico plays hardball
16 April 2020
Regional outlier initially baulked at Opec’s demand to scale back barrels, before bleeding oil revenues forced a rethink
To deal or not to deal
8 April 2020
Russia and Saudi Arabia blame each for the initial Opec+ breakdown. Will necessity trump naked ill-will this week?
Russia’s hand: weaker than it seems
8 April 2020
The devaluation of the rouble has been seen as insulating Russia during any sustained price war. But it may not be sitting as comfortably as thought
Oil sector faces unprecedented challenge
3 April 2020
Billions of people under quarantine and a global shutdown of business operations is devastating company finances
The US should avoid repeating past mistakes
2 April 2020
North America's storied oil history highlights lessons that need to be learned in the current economic crisis
Russia in strong position for price war
2 April 2020
Oil producers in the country have relatively low upstream costs and greenfield projects ready to roll
Transition faces pressure from oil crash and Covid-19
31 March 2020
The energy transition faces dual challenges of an oil price crash and the coronavirus pandemic, with competitive pressure and disruptions to supply chains
Minimising Brazil’s economic pain
30 March 2020
Crucial government steps are needed to offset imminent financial distress caused by bottomed-out oil prices and a global health pandemic
What Saudi Arabia and Russia do next
27 March 2020
The Opec+ heavyweights underestimated Covid-19’s impact on demand. It may be too late for them to staunch the bleeding
Iraq stares into revenue abyss
26 March 2020
Plummeting oil prices and stagnant production have thrown government finances into chaos
US upstream companies feel the strain
19 March 2020
Economic uncertainty forces E&Ps to significantly revise down their capital budgets
Saudi production hike heading for Asia
9 March 2020
Riyadh’s plan to boost market share by unleashing a tidal wave of crude onto the Asian market would be a boon for local refiners as the region recovers from Covid-19
Sub-$30 Brent looming on Opec+ tension
9 March 2020
Wide differences in strategy, breakeven prices and national finances all contributed to failure to agree production cuts in face of US shale competition and sagging demand
IEA condemns ‘Russian roulette in oil markets’
9 March 2020
Global oil market turmoil caused by a supply war between Saudi Arabia and Russia threatens political stability—just as the world should be coming together to combat Covid-19. So says the IEA, as it launches forecasts for annual growth to 2025.
Opec+ deal failure sends oil spiraling
9 March 2020
Brent price falls from $45/bl to $25/bl in early trade, before partial recovery to $36/bl at 10am, as production surge threatened amid weak demand
Opec+ talks failure highlights virus uncertainty
6 March 2020
Uncertainties over the economic fallout of the coronavirus epidemic a harbinger of more short-term volatility
Oil and Covid-19 part two: Challenge for Opec
5 March 2020
The cartel may need to take significant action to help balance the oil market, particularly as the potential for a worldwide pandemic remains
Kuwait bows to local and global realities
20 February 2020
Domestic politics and international demand fears dictate downward revision of production targets
Russian oil hits another peak
16 January 2020
The country’s 2019 production reached a further post-Soviet high, marking another year Moscow fell short of cuts promised to its Opec partners
Oil demand to rebound in 2020
3 January 2020
Macroeconomic factors promise to boost oil requirements and bolster prices, which may see the market spring a surprise
2020s oil price: beware black swans
5 December 2019
Oil analytics firm OilX sees a gradual evolution of the 2020s market balance, although with both energy transition in demand and Opec renaissance in supply signalling downside
Opec down but not out
22 November 2019
A new history of Opec says the organisation is being undermined in part by the ambitions of national oil companies