Search: Oil,OPEC (12 materials)

 

Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?

... prematurely, announced via Twitter that Saudi Arabia and Russia appeared ready to compromise on production cutbacks. But some analysts warned that the Saudis seemed " much more measured " in their statements. Russia has withdrawn from the OPEC+ deal among oil-producing nations to cut production and regulate the market, and Saudi Arabia announced earlier this week it would increase its oil output. The breakup not only sent the market into a spin, but it also triggered a controversial reaction in Russia....

03.04.2020

Why Russia Must Pressure Libya to Reduce its Oil Production

... complicated by the Iraqi government’s lack of jurisdiction over Iraqi Kurdish oil contracts.   In short, Russia has a major opportunity at the August 7-8 Abu Dhabi summit to emphasize its unequivocal commitment to obtaining universal compliance amongst OPEC member states with oil production quotas. Achieving this level of compliance will be difficult in the near-term due to Iraq’s reconstruction efforts, Ecuador’s refusal to back OPEC quotas and collapsing production in Venezuela.   However, if Moscow can successfully ...

07.08.2017

Is Oil-And-Gas Friendship Possible Between Russia and Saudi Arabia?

... new alliance, while reassuring the latter that their respective countries have important new partners. We may, therefore, assume that the recent intensification of Russian-Saudi energy dialogue is nothing more than a forced temporary friendship. 1 . OPEC Monthly Oil Market Report – November 2016 , pp 44, 57.

14.11.2016

Russian and GCC Perspectives: OPEC, Russia, and falling oil prices

... commentators regard Saudi Arabia’s current oil policy as a significant deviation from the previous OPEC formula of coordinated output cuts and higher prices . In a recent peer-reviewed paper, Jeff Colgan examined the behavior of OPEC and non-OPEC oil production in detail [3] . The data revealed that the output decisions of OPEC members, with the exception of Saudi Arabia (we return to this below), were statistically indistinguishable from those of non-OPEC members, once one controls for the technical ...

26.04.2016

All By Yourself

... announced, the Brent oil benchmark dropped 6 per cent to $40 a barrel, though it later improved. Prices are unlikely to fall below $35 a barrel in the coming weeks, as there are factors which prevent panic from creeping into the market. For instance, oil workers in Kuwait (OPEC’s third largest producer) began an open-ended strike on April 17 to protest proposed cuts in their wages, benefits and incentives. The strike has already slashed daily crude production by more than 60 per cent as of in April 2016 to 1.1 million ...

19.04.2016

When You Just Can’t Say “Yes”. Are Oil Prices Likely to Go Up?

..., it has to be noted that on January 11, 2016 (production is expected to be frozen at the level reached during this period), production hit an all-time high : Russia was producing 10.9 million barrels a day; Saudi Arabia 10.091 million barrels; and OPEC 32.3 million barrels, far in excess of its quota. So, even if the agreement comes into force, no serious price growth should be expected, and there will still be an oil glut in the market. Even if the agreement comes into force, no serious price growth should be expected, and there will still be an oil glut in the market. Second, Iran’s refusal to join the initiative makes it much less likely that oil producing ...

15.03.2016

Does the World Need More Oil?

... is entirely probable in the current situation. Despite artificially high supply, the market will find a way to stabilize on its own. 1 . Amy Harder. U.S. Congress Considers Lifting Crude Oil Export Ban // The Wall Street Journal, August 10, 2015. 2 . OPEC oil monthly report. June 10, 2015. 3 . CEEMEA Equity Research. July 23, 2015.

15.09.2015

Are We about to Witness the Biggest Oil Crisis since 1986?

... also single out rising volatility and falling US Treasury yields as other contributing factors. In theory the global oversupply of oil should correct itself as low oil prices force investment in new drilling capabilities down, but this time the major oil producer OPEC has instead increased output by about 1.5mln bbl per day since February, an amount equal to year’s increase in global demand. Russia also stepped up its daily production to 10.713mln bbl setting a post-Soviet output record. Once the energy ...

29.07.2015

U.S. Oilmen Seeking New Vistas for their Sector

... of people oppose the revision of the environmental standards that would inevitably follow legislative changes lobbied by the oil corporations. This opposition notwithstanding, the abolition of the energy policy act appears more possible than ever before,... ... global energy market and the entire network of trade links are in for major changes. Expect the weakening of an emasculated OPEC and more competition for individual energy giants, i.e. Russia, Saudi Arabia, Iran, Nigeria and others, who will face much ...

20.03.2015

Why Are Oil Prices Falling, And Should Russia Rely on OPEC?

... ineffective organisation, increasingly similar to a consultancy In view of these trends it would be more sensible for OPEC’s members not to reduce output now. It is also more important for them to preserve their markets than to try to raise prices. OPEC: a retired oil consultancy specialist Many players in OPEC will therefore advocate maintaining overall output at the previous level of 30 million barrels per day [20] . The countries that do not agree with this, however (Venezuela, Iraq, Libya and some others),...

04.12.2014
 

Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
 
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