Oil

New horizons for “Big Oil”

By | 2020-06-23T14:26:18+00:00 June 23rd, 2020|Categories: Energy Markets, Featured, Gas, M·Blog, Oil|Tags: , , |

Before covid, the energy sector was facing significant challenges due to growing demand for renewable energy, declining oil demand and falling profits. The virus has only further shaken the energy industry. Other factors they already faced: Many investors are pulling out of traditional energy companies. There has been an increase in social responsibility, reducing their popularity. [...]

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OPEC+ new deal: The antidote? Or just another vaccine?

By | 2020-04-15T13:08:03+00:00 April 15th, 2020|Categories: Energy Markets, Featured, Gas, M·Blog, Oil, Portugal, Spain|Tags: , , |

After one month of a dramatic break-up and a beginning of an oil war between Russia and the Saudi Arabia, history was made last Sunday with a renewed agreement achieved by OPEC + of 9.7 million barrels per day (mbpd) oil output cut. A 10 million bpd oil reduction is the biggest cut ever agreed in [...]

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Pandemics and oil

By | 2020-04-08T17:04:45+00:00 April 8th, 2020|Categories: Energy Markets, Featured, Gas, M·Blog, Oil, Spain|Tags: , , |

Global oil and gas markets are facing an unprecedented situation: demand is collapsing because of the impact of the coronavirus (COVID-19) while supply, already overabundant, is significantly increasing. In some countries, large-scale production and exports of oil and gas provide vital income to finance their national budgets, which means volatility in global energy markets can translate [...]

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Bad break ups hurt, also in the oil market

By | 2020-03-24T12:38:52+00:00 March 24th, 2020|Categories: Energy Markets, Featured, Gas, M·Blog, Oil|Tags: , , |

In the current situation of entire economies being paralyzed by the coronavirus outbreak, you would think oil producing nations (like everyone else) have enough to worry about. With much economic activity including international air travel coming to a standstill, the loss of demand is enormous. Nevertheless, OPEC and Russia not only failed to come to a [...]

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All markets are down except crude oil, will remain like this?

By | 2019-11-26T14:27:48+00:00 November 26th, 2019|Categories: Energy Markets, Featured, Gas, M·Blog, Oil|Tags: , , |

The beginning of December will be important for the oil markets. Because there will be an Aramco IPO, and also at the end of next week OPEC will meet. Next December 5th and 6th OPEC will meet with other nations outside the organization led by Russia, in its headquarters in Vienna. At the meeting they will [...]

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Brent, geopolitical conflicts and European dependency

By | 2019-05-07T14:25:26+00:00 May 7th, 2019|Categories: Energy Policies, Featured, M·Blog, Oil, Spain|Tags: , , |

During the last few years we have witnessed geopolitical conflicts that oil prices. On April 22, EE. UU it ended with the exceptions to the Iranian embargo that allowed it to continue exporting to countries such as China, India, Japan, South Korea, Taiwan, Turkey, Italy and Greece. With this, oil peaked since November of last year [...]

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Free fall of Brent, how long?

By | 2018-11-27T14:41:12+00:00 November 27th, 2018|Categories: Featured, M·Blog, Oil|Tags: , , |

In less than 2 months we have seen the price of a oil barrel falling by more than 32%, suffering its biggest drop since the raw materials crisis in 2015. Is this drop justified? Energy long-term investors are suffering a difficult period lately, since market experts have been talking for several months about an oil price [...]

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OIL, POSSIBLE BEARISH TREND?

By | 2018-10-16T09:41:04+00:00 October 16th, 2018|Categories: Featured, M·Blog, Oil|Tags: , , |

More than 20 dollars of difference have come to be between the maximum value of the Brent quoted this year and the price of crude at the beginning of 2018. A totally bullish trend that brought oil to the brink of 90 $USD/bbl just two weeks ago. Reasons for its justification have not been lacking: a [...]

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THE VENEZUELAN DECLINE

By | 2018-06-12T15:34:03+00:00 April 17th, 2018|Categories: Featured, M·Blog, Oil|Tags: , , , , |

Talking about Venezuela is tantamount of talking about oil. This country, almost twice the size of Spain, has the largest amount of (heavy) crude oil reserves in the world, which grew strongly since 2011. It may be unfair and/or paradoxical that all this underground wealth is present at the worst time for the country, which is [...]

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Where’s the Petroyuan

By | 2018-06-12T15:34:05+00:00 February 21st, 2018|Categories: M·Blog, Oil|Tags: , , |

Some weeks back, I’ve written about the potential impact of the arrival of the petroyuan, not just in the oil market but also in the currency market, and that such impact was going to arrive in the end of 2017. Nevertheless, as of now, things at the International Shanghai Energy Exchange (or INE for short) have [...]

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