Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
Search
Related Articles
Russian firms exit Europe’s shrinking refining sector
Hampered by sanctions and ill will, Russian majors are departing Europe, but refiners’ focus was already moving east
Mideast upstream long-term outlooks diverge
The region’s producers have their own specific goals and face drastically different challenges
Bakken faces inventory concerns
The North Dakota shale basin nears a looming acreage problem
US approves Trinidad-Venezuela Dragon talks
The gas field could help Trinidad and Tobago sustain its LNG industry
Marcellus pipeline woes threaten to change entire US gas market game
Permitting issues have radically curtailed the access to cheaply produced gas to which the industry has grown accustomed
Beating the Russian products ban
Legal and illegal efforts to skirt the prohibition are likely to intensify—especially in Turkey, the Balkans and Eastern Europe
Consolidation heats up for maturing US shale
Growth might not be on the table, but operators are eyeing opportunities to add quality acreage
Letter from India: Russian imports remain dominant
India’s newfound reliance on discounted Russian crude continues to grow
Headwinds threaten Haynesville growth
Output from the play set for slowdown as pipeline bottlenecks loom and operators remain cautious
Europe prepares for Russian product import ban
The European products market is the latest battlefield in the conflict between Moscow and the West
Saudi Aramco Saudi Arabia Russia Donald Trump US Covid-19
Victor Kotsev
24 April 2020
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Saudi Arabia’s pyrrhic oil war triumph

The kingdom may consider it has prevailed over Russia and US shale producers in the short-term, but its longer-term prospects are clouded in uncertainty

Riyadh has scored some impressive victories in the month-long oil price war it and Russia unleashed, and which has ended in a three-way truce of sorts, crucially also involving the US. But analysts caution that any supply-side calm necessitated by the unprecedented global health and economic emergency—and oil demand destruction—posed by the Covid-19 pandemic may be fragile. It may be too early for Saudi Arabia to celebrate: continuing elbowing for market share, especially in Asia, is just one sign of ongoing challenges. Outwardly, at least, Saudi Arabia appears triumphant. There are few more public ways to project an image than to buy a European football club, in its case a bid for England’s

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Russian firms exit Europe’s shrinking refining sector
2 February 2023
Hampered by sanctions and ill will, Russian majors are departing Europe, but refiners’ focus was already moving east
Mideast upstream long-term outlooks diverge
2 February 2023
The region’s producers have their own specific goals and face drastically different challenges
Letter from Canada: LNG export industry in disarray
Opinion
1 February 2023
Canada at one stage looked set to be a major LNG exporter, but all except four liquefaction projects have fallen by the wayside
Bakken faces inventory concerns
1 February 2023
The North Dakota shale basin nears a looming acreage problem

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search