OPEC

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OPEC: State of Decay

By | 2017-11-28T13:47:38+00:00 June 27th, 2017|Categories: M·Blog, Oil|Tags: , , |

During the last weeks, what we discussed in previous articles became a reality. And so it is, that the Organization of Petroleum Exporting Countries has lost its grip on the global crude oil markets and its actions are not as effective as they once were. A new significant fall in prices few months after the extension [...]

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OPEC crude oil exports 03/05/17

By | 2017-06-28T09:53:08+00:00 May 3rd, 2017|Categories: M·Graphics, Oil Graphic|Tags: , , |

OPEC's efforts to balance crude oil stocks are not enough, as we approach Brent levels of 50$/b. Production cuts are countered by an ever-rising production of American output (shale oil) with 15 straight weeks of increasing rig count according to Baker Hughes. Though many OPEC members have already achieved compliance on the production-cut agreement, others see their [...]

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The Shale oil Threat

By | 2017-05-04T10:46:08+00:00 March 29th, 2017|Categories: M·Blog, Oil|Tags: , , , |

“We are starting to live in a world where getting more oil involves more energy, more effort and more expensive.” – Tad Patzek, President of the Department of Petroleum and Geosystems at the University of Texas. You can’t get blood from a stone … can you? Countries such as Venezuela, Saudi Arabia, Russia or Iran have [...]

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Oil Prices: how much can we rely on Russia?

By | 2017-05-04T10:15:34+00:00 March 22nd, 2017|Categories: M·Blog, Oil|Tags: , , , , |

It is well known that the Russian economy is heavily dependent on its hydrocarbon industry, as shown from many economic indicators so deeply bonded to oil prices. As a result, the fall in the price of crude since late 2014 had significant consequences on Russia both from an economic and a political perspective. What is interesting [...]

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