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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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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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OPEC agreement: is it sufficient?

By | 2017-05-22T08:56:20+00:00 October 3rd, 2016|Categories: Energy Markets, M·Blog, Oil|Tags: , , |

Between 26th and 28th September the XV International Energy Forum in Algeria took place. On the sidelines of this event, the 14 OPEC members, along with Russia, held an informal meeting to discuss the possibilities of reducing the current oversupply on the market (more than 1 million barrels). This is the umpteenth attempt to encourage current [...]

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