... tanks like Brookings and Cato, and NGOs are mushrooming to influence the media and the public.
Should the lobbyists win, the 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 fiercer competition in the emerging markets and Europe. At the same time, it is too early to predict the outcome, as the issue ...
Conspiracy, the laws of the market, and the oil weapon
Will oil prices be able to recover after the collapse of recent months? This question will be answered by a session of the Organisation of the Petroleum Exporting Countries (OPEC) on 27 November 2014 in Vienna. Oil ministers from 12 countries will decide whether to cut output in the hope of raising oil prices or to leave things as they are.
This expectation, however, seems exaggerated. OPEC today is not an organisation that ...
The OPEC refusal to decrease oil production and a subsequent price fall to a 4-year low make the future of Russian economy tenuous. Since July 2014, the Russian ruble depreciated to the U.S. dollar by 45%, and the economic growth stalled. Falling oil prices ...
... that China is keen on equity investment which gains exploration/drilling/infrastructure rights, secures a guaranteed production percentage or acquires entire firms, while adding points I am yet to say. They stress that China’s majors (CNPC, Sinopec and CNOOC) have become increasingly dynamic in dozens of nations due to a state policy of “going-out”, which is a result of a stagnating domestic output, increasing demand and the Malacca Dilemma. Moreover, these majors favour unstable ...
... petroleum products. Again, the seven sisters preferred long-term contracts and also used modern concessional tools to account for socio-economic factors. But, in 1969 to 1973 a major transitional period occurred as these majors started to negotiate with the OPEC alliance or 'cartel', with prices being linked evermore to national goals. Also, the two-regional system of the first stage remained, as prices depended on whether crude oil passed via the Gulf of Mexico or the Persian Gulf. In other ...
