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 [...]

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

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 [...]

Comments Off on Bad break ups hurt, also in the oil market

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 [...]

Comments Off on OPEC: State of Decay

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 [...]

Comments Off on OPEC crude oil exports 03/05/17

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 [...]

Comments Off on The Shale oil Threat

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 [...]

Comments Off on Oil Prices: how much can we rely on Russia?