Tagged With Opec
Letter from the Middle East: Opec balances Russia and the West
9 August 2022
The cartel is happy to wait for further developments before committing to more drastic action
Reading too much into the Saudi capacity ceiling
1 August 2022
MbS almost certainly did not mean what oil bulls have convinced themselves he did
NNPC becomes limited company
21 July 2022
Reforms to the NOC come at a crucial time for Nigeria’s upstream
Industry mourns Opec secretary general
7 July 2022
Tributes have been paid to Mohammed Barkindo, who passed away aged 63
High crude prices to persist in Q3 – Rystad
4 July 2022
Consultancy sees Brent potentially averaging $120/bl in Q3, but the outlook remains mixed
New finds boost Adnoc’s output push
10 June 2022
The Emirati firm continues to reap the benefits of recent licensing rounds, adding reserves as it works to increase production capacity
Letter from the Middle East: Buyers call for more
29 March 2022
Western countries want Mideast Gulf producers to boost output, but the options are limited
Costing a Russian oil supply gap
9 March 2022
Analysts see potential for $200/bl+ if it becomes ever more difficult in practice for Western nations to buy crude from Russia
Letter from South America: Outlier Ecuador offers alternative path
1 March 2022
The country has been working to attract renewed upstream foreign investment since quitting Opec
Opec’s swing producers to stick to deal
25 February 2022
Opec’s top producers are unlikely to deviate from an agreement that has brought market stability and buoyed prices
Russia, Saudi Arabia and the US – what next for oil markets?
31 January 2022
The impact of a breakdown in Russo-US relations is much more nuanced in liquids than in gas
All eyes on Opec+ after Biden’s SPR gamble
24 November 2021
How the cartel reacts to record release of barrels is the key variable for oil markets
Opec+ sticks to its guns
4 November 2021
The cartel opts not to spring any surprise by swifter loosening of the supply shackles
IEA and Opec out of step on long-term perspective
1 November 2021
The Paris-based intergovernmental organisation has its eyes firmly on a net-zero future. Opec not so much
Middle East expands Asian market share
26 October 2021
Asia’s crude supply has shifted in recent months as Mideast Gulf producers have increased exports. And that trend may continue into the new year
Brent heads for $82/bl as Opec+ holds steady
4 October 2021
The cartel dashes expectations it might boost production ahead of schedule
Iraq shrugs off partner uncertainty to lift long-term target
17 August 2021
The country has lifted its long-term production target to 8mn bl/d despite continued murmurings about IOC dissatisfaction
UAE and Saudi Arabia to put differences behind them
3 August 2021
An understanding that the Opec partners are better working together appears likely to keep the peace
Opec faces longer-term challenges
2 August 2021
The organisation may have smoothed over the cracks this time. But the UAE’s very public dissent may be just the first sign of things to come
Saudi Arabia’s different drivers bode ill for Opec+ unity
6 July 2021
The Kingdom has a radically divergent perspective on both the short- and long-term oil market. And that could mean the cracks in the cartel only getting wider
Opec can have cake and eat it—Morgan Stanley
29 June 2021
No longer having to choose between price and market share means the cartel does not need to rush to ease cuts, says analyst
Letter from the Middle East: Green shoots of recovery
27 May 2021
There are many reasons to be cheerful across the Mena oil and gas patch
Opec+ confounds market with three-month cuts easing
1 April 2021
The group had been widely anticipated to keep the prior agreement in place, but a rapidly agreed deal will see cuts relaxed through the summer
Letter from the Middle East: UAE unveils Murban benchmark
30 March 2021
Pivot towards Asia paves the way for a new crude futures contract, offering an attractive alternative to long-established grades
IEA cries wolf again
25 March 2021
The agency may be overestimating demand and lowballing Opec supply to foresee a tighter market than will materialise
Biden plans Mid-East Gulf shake-up
8 February 2021
US diplomatic goals, if achieved, will impact the Iranian, Saudi and Yemeni energy sectors
Russia benefits from standing its ground in oil price grey zone
25 January 2021
Saudi sacrifice shows greater appetite for compromise in a price environment that is not win-win for the two Opec+ heavyweights
Saudi steps back to move forward
21 January 2021
Unilateral production cuts and reconciliation with Qatar may look like a full retreat from longstanding policy positions. But they may yet prove smart tactical moves
Opec+ power shift points to lower crude price paradigm
18 January 2021
If Russia can marshal allies to seize control of the producers’ group, it might respond to structural demand concerns with a volume-over-value strategy
Opec should bear in mind its history
14 January 2021
The past offers painful warnings against the temptations that 2021 may bring
Iran, the UAE and Libya to pose Opec+ headaches
18 December 2020
Covid-19 has forced Opec+ to weather unprecedented oil demand destruction and oversupply. 2021 will be equally as challenging
Letter from the Middle East: The UAE and Opec—a problem postponed, not solved
15 December 2020
Abu Dhabi may have fallen into line for now, but tensions could re-emerge next month
Pandemic strains Gulf’s domestic energy balances
11 December 2020
International attention may have focused on their Opec+ oil market stabilisation role. But the region’s NOCs have had concerns closer to home
Central bank holds key to Gabon’s oil future
30 July 2020
If oil companies are forced to hold revenues in the local currency—combined with mandated Opec cuts—the Central African country will struggle to attract the new investment it desires
Iraq and Iran move further apart
24 July 2020
Baghdad’s pivot away from its neighbour is increasingly extending to their shared resources
Urals premium hurts Russian integrateds
17 July 2020
Russia’s Opec+ compliance has pushed its benchmark grade to a premium over Brent. But this is not good news for the country’s large integrated oil firms
Oil market mulls demand risks
14 July 2020
Crude price comes under pressure from concerns over a second coronavirus wave just as Opec+ considers loosening the supply taps. But are the worries overdone?
Letter from the Middle East: NOCs juggle priorities
8 July 2020
From boosting oil production to throttling it back and with challenging oil and gas dynamics in both the short and longer-term, the region’s producers have their hands full
Letter from Moscow: Putin triumphant, but facing choppy waters
6 July 2020
The Russian strongman’s referendum delivered him the expected result. But there are troubles on the horizon
Crude edges higher on Opec+ compliance promises
19 June 2020
Traders see the positives as producers commit to even greater respect for quotas
Nigeria has a major problem
5 June 2020
Opec production cuts matter far less than international companies deciding to scale back production and capex
Angola revival stalled by global demand slump
26 May 2020
Sharply lower oil prices mean the West African country will find it difficult to finance the investment needed to replace its ageing offshore fields
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
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