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Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. by Tsvetana Paraskova for Oilprice.com.

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Opinion: Everyone Is Guessing When It Comes To Oil Prices

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Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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“It might be that we see quite a dramatic reduction in replacing the capacity and of course that will have an impact, eventually, on price.”. Oil companies are making painful cuts to spending, which will translate into much lower production than expected in the years ahead. When oil prices go up, people buy fuel efficient cars.

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Iran negotiations, OPEC meeting loom for oil markets

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As November draws to a close, there are two major events that could profoundly change the oil markets. He says a deal is more likely than not due to the enormous financial pressure Iran is experiencing because of falling oil prices. Market Background Oil' by Nick Cunningham of Oilprice.com. Source: [link].

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

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The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. MMt or 18%), overtaking Japan where imports were flat year-over-year at 75 MMt. MMt set in 2014.

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The New Oil Cartel Threatening OPEC

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What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. According to Bloomberg’s Carl Pope , Europe and Japan, previously reluctant to take part in any anti-OPEC projects, may now join in. Electrification is where OPEC may have to face off with a future oil buyers’ cartel.

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The New Oil Cartel Threatening OPEC

Green Car Congress

What’s more, they might not be alone in this attempt to curb OPEC’s clout on the global oil market. According to Bloomberg’s Carl Pope , Europe and Japan, previously reluctant to take part in any anti-OPEC projects, may now join in. Electrification is where OPEC may have to face off with a future oil buyers’ cartel.

Oil 150