Tagged With Opec
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
London crude trading’s ‘Good Old Days’: Into the nineties
31 July 2020
Colin Bryce continues his oil markets story, as a new decade ushers in further changes to the trading landscape
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
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
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
US upstream companies feel the strain
19 March 2020
Economic uncertainty forces E&Ps to significantly revise down their capital budgets