iOS app Android app

Opec

2017: The Beginning of the Era of Disruption

Daniel Wagner | Posted 01.01.2017 | Home
Daniel Wagner

In this era of dramatic, rampant, and incessant political change, predictions about the future can no longer be based either on conventional wisdom or...

Markets Shrug Off Failed Referendum But Italian Banks Face Uncertain Future

Anthony Scaramucci | Posted 12.29.2016 | Business
Anthony Scaramucci

Italy's referendum on constitutional reforms failed by a wide margin last Sunday, triggering the resignation of cherubic Prime Minister Matteo Renzi a...

2017 Promises to be a Year of Unprecedented Risk

Daniel Wagner | Posted 12.17.2016 | Home
Daniel Wagner

There is no denying that 2016 was a year filled with significant and tangible unanticipated events in the political, economic and security realms. Whe...

Opec Makes Elusive Deal To Curb Production

Anthony Scaramucci | Posted 12.05.2016 | Business
Anthony Scaramucci

Against all odds, the Organization of the Petroleum Exporting Countries (OPEC) on Wednesday finally sealed its first deal in eight years to cut oil pr...

Aramco's IPO: A Pandora's Box for Saudi Arabia

Hossein Askari | Posted 10.09.2016 | Home
Hossein Askari

Saudi Arabia's Deputy Crown Prince, Mohammad bin Salman, has reportedly embraced a report from the management-consulting firm of McKinsey and Company,...

OPEC Myths, Market Misinformation and Oil Prices

Hossein Askari | Posted 10.09.2016 | HuffPost Home
Hossein Askari

On September 28, OPEC oil ministers held an informal meeting in Algiers to consider a reduction in their aggregate oil output with the goal of boostin...

Oil Soars After OPEC Agrees To Cut Output For First Time In Years

Reuters | Andrew Hart | Posted 09.29.2016 | Business

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch...

Venezuela's Maduro Jeered, Dozens Detained, Activists Say

Reuters | Annum Masroor | Posted 09.04.2016 | Home

CARACAS, Sept 3 (Reuters) - Venezuelan authorities have arrested more than 30 people on Margarita island for heckling President Nicolas Maduro, activi...

Big Oil's Scary New World

Carl Pope | Posted 08.26.2016 | Green
Carl Pope

"This was retail politics, and oil lost," was how Adrienne Alvord of UCS summed up the stunning environmental victory Tuesday in the California legisl...

The Economics of the Saudi's "take-the-money-and-run" Strategy

Steve H. Hanke | Posted 07.27.2016 | Home
Steve H. Hanke

As the Financial Times reported on 12 July, Saudi Arabia's oil-output reached record highs in June 2016. Increasing production 280,000 barrels/day to ...

Clean Energy in the Cat-bird seat?

Carl Pope | Posted 06.08.2016 | Green
Carl Pope

Climate denial is still a threat and a problem -- particularly in the politics of the US. But the ace in the whole that the coal and oil industry still hold is the reluctance of wealthy industrial nations to recognize that this is a time to invest in -- not strangle -- the future.

Does Iran Have The Upper Hand In The OPEC Oil War?

Oilprice.com | Posted 06.06.2016 | Business
Oilprice.com

Traditional rivals, Saudi Arabia and Iran, continue to fight to prove their supremacy in OPEC. Neither gives up an opportunity to hurt the other, when...

Friday Already? Non-Farm Payroll Disaster Knocks the Markets Lower

Phil Davis | Posted 06.03.2016 | Business
Phil Davis

I love the shorter work-week. This is a great time to point out to your boss that you got just as much done this week as you do in a 5-day week ...

Fake Market Thursday - OPEC, ECB and the S&P 500

Phil Davis | Posted 06.02.2016 | Business
Phil Davis

No one was trading yesterday. The markets may as well have been closed based on the volume trading on the S&P's ETF (SPY) and, as you can see, the...

Get Smart Fast: Donald Trump's Energy and Environment Agenda in 200 Words

Elizabeth McCulley Gore | Posted 06.02.2016 | Politics
Elizabeth McCulley Gore

Without more particulars, it is difficult to know how Trump would achieve many of these goals. Some policy priorities would run into logistical challenges almost immediately.

Nigerian Outages Drag Total OPEC Production Down In May

Oilprice.com | Posted 06.01.2016 | Business
Oilprice.com

Based on survey data compiled by Reuters for the month of May, OPEC crude oil out has fallen by 120,000 barrels per day--a drop largely attributed to ...

Will OPEC's June 2 Meeting Mark the Death of OPEC?

Shahir ShahidSaless | Posted 05.28.2016 | Politics
Shahir ShahidSaless

New developments in Saudi Arabia and Iran, related to the oil market, may precipitate the emergence of a new battleground in the rivalry between the two countries. This article seeks to investigate where the Saudi-Iran confrontation may lead and whether it could result in the death of OPEC (Organization of Petroleum Exporting Countries).

The Desperate Plight of Petro-States

Michael T. Klare | Posted 05.26.2016 | Home
Michael T. Klare

Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels.

OPEC Head Calls for $65 Oil

Oilprice.com | Posted 05.25.2016 | Business
Oilprice.com

A minimum price of $65 a barrel for oil is "badly needed at the moment" according to Qatari energy minister Mohammed bin Saleh al-Sada. On Tuesday, t...

Sale of Aramco, Cabinet Shake-up: Is it the Beginning of the End for Saudi Arabia?

David Oualaalou | Posted 05.23.2016 | Politics
David Oualaalou

Saudi Arabia's financial power derives from its oil wealth; thus, offering for sale some of Aramco's precious assets could have serious consequences for the royal family's existence. So why is the king pursuing this strategy?

What Does The Next OPEC Meeting Have In Store?

Oilprice.com | Posted 05.19.2016 | Business
Oilprice.com

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran The 2 June 201...

Monday's Oil Mess: Rent-A-Rebel Jacks up Prices into the Holiday

Phil Davis | Posted 05.16.2016 | Business
Phil Davis

Rent-A-Rebel to the rescue! That's right, whenever the oil market needs a lift, there are hundreds of reliable groups of kids with guns and outb...

What OPEC Has To Fear From The New Saudi Oil Minister

Oilprice.com | Posted 05.10.2016 | Business
Oilprice.com

In a surprise move, Saudi Arabia sacked its long-time oil minister over the weekend, an event that illustrates the near-total control that the new you...

Top Russian Oil Executive Predicts End Of OPEC

Reuters | Alexandra Ma | Posted 05.10.2016 | Home

MOSCOW (Reuters) - Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Ig...

This Is Why Oil Companies Should Stop Looking For Oil

The Huffington Post | Ben Walsh | Posted 05.05.2016 | Business

Oil companies are getting hammered by investors for being oil companies. The price of a barrel of crude is down 60 percent in the last two years. The...