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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Control over the transportation assets in this region together with vast gas reserves make Russia the key element of this new market.”. The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The emergence of the U.S.,

Russia 150
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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

Oil 150
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Day Of Reckoning For US Shale Will Have To Wait

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In other words, banks are allowing drillers to continue to borrow, which could delay the inevitable balancing needed in the market. It may just delay the adjustment for oil markets. “It Maintaining access to finance can come at a price. Moody’s sees global oil production rising by 1 million barrels per day in both 2015 and 2016.

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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

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Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Other OPEC members agreed to similar deals, ensuring perpetual global demand for greenbacks.

Russia 225
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Market” forces include many components. percentage points.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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In other words, banks are allowing drillers to continue to borrow, which could delay the inevitable balancing needed in the market. It may just delay the adjustment for oil markets. “It Maintaining access to finance can come at a price. Moody’s sees global oil production rising by 1 million barrels per day in both 2015 and 2016.

Oil 150
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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. This increase in output occurs with the context of a narrow global demand opportunity.