Oil in Global Economy Series: Kingdom’s oil minister sees deal extension beyond 2017
May 09, 2017 06:58 am UTC| Commentary
While commentaries from some of the OPEC member countries like Iran and Iraq continue to pose doubts over the possibility of an extension of the OPEC deal, Saudi Arabias oil minister Khalid-al Falih remains quite an...
May 08, 2017 07:52 am UTC| Insights & Views
The rules of the game for OPEC producers would clearly skew incentives to maximize output in the short term. Any subsequent negotiations would likely be based on prevailing output levels, hence the higher the better....
OPEC likely to agree to cut oil production again in May meeting
May 05, 2017 16:39 pm UTC| Commentary
The oil market is losing its faith in OPECs attempt to lower the huge supply overhang amidst falling oil prices. The road ahead to a more balanced market is expected to be bumpy, stated Nordea Bank in a research report. In...
Oil in Global Economy Series: Russia in favor of extending production cuts
May 05, 2017 08:33 am UTC| Commentary
OPEC leaders, who agreed to a production cut worth 1.2 million barrels per day in November last year are due to set a meeting on May 23rd in their to headquarter in Vienna to decide on whether to extend those cuts or not....
Oil in Global Economy Series: Reserve discoveries decline to 7-decade low in 2016
May 03, 2017 08:48 am UTC| Commentary
International Energy Agency (IEA), which is the energy watchdog of the developed markets, has been warning against supply crunches that may lead to spikes and volatilities in oil price by the end of the decade. Now, they...
Oil in Global Economy Series: Saudi Arabia loses market share amid OPEC deal
May 03, 2017 08:14 am UTC| Commentary
According to Christof Ruehl, former chief economist at BP who is currently the Global Head of Research at the Abu Dhabi Investment Authority (ADIA), Saudi Arabia, the largest producer of OPEC, which shared the biggest...
Oil in Global Economy Series: Iraq poses biggest threat to oil deal extension
Apr 26, 2017 07:41 am UTC| Commentary
Can there be an extension to the oil production curb deal agreed in last November to reduce production by almost 1.8 million barrels per day, when the second-largest producer Iraq is considering further expansion of...
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