Oil markets stall downside on Russian oil minister's comments
Oct 21, 2016 13:36 pm UTC| Commentary
Russian Energy Minister Alexander Novak is scheduled to meet his Saudi Arabian counterpart Khalid al-Falih this weekend to discuss coordination of possible actions on the global oil market. Novak was on the wires earlier...
Oil in Global Economy Series: Will OPEC micro-manage oil price?
Oct 19, 2016 10:31 am UTC| Commentary
OPEC members, who surprisingly agreed to the formation of a first major producers deal in decades in September might be planning to micro-manage the oil price. Though the concept makes perfect sense, it is not, however,...
Finding the right model for Indonesia's oil and gas management
Oct 19, 2016 08:55 am UTC| Insights & Views
Indonesia has substantial unexplored basins predicted to hold 43.7 billion barrels of crude oil, according to data from the countrys Upstream Oil and Gas Taskforce (SKK Migas). But companies are reluctant to fund...
Oil in Global Economy Series: Latest OPEC commentaries review
Oct 19, 2016 07:37 am UTC| Commentary
After disputes between member countries like Iran, Iraq, and Venezuela and the OPEC secretariat with regard to actual production levels surfaced in the mainstream media, OPEC came out with fresh commentaries in order to...
Oil in Global Economy Series: Duration of OPEC freeze deal matters more than level of production
Oct 19, 2016 06:37 am UTC| Commentary
Once again the focus of the investors has returned towards the OPEC deal that was informally agreed in September by the membersand well expected to be ratified in November. We have discussed some of the recent issues that...
Oil in Global Economy Series: Production level dispute likely to damage freeze deal
Oct 18, 2016 08:11 am UTC| Commentary
OPEC members, to the surprise of many, were able to strike a production freeze deal in September to keep a lid on production and keep it between 32.5 million barrels to 33 million barrels. At the time of the deal, OPEC was...
What could bullish impact of crude prices mean for base metals?
Oct 18, 2016 07:54 am UTC| Insights & Views
The crude oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating...
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