Tagged With Opec
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
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
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
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