oil price

Global Oil Supply Cost Curve and Breakeven Prices

In its April 2017 report, The World Economic Outlook shows the Breakdown in Oil production around the world.

Global Oil Supply Cost Curve and Breakeven Prices

Source: Rystad Energy research and analysis. In: IMF. World Economic Outllok - Gaining Momentum? April 2017.

By |April 20th, 2017|Categories: Graph Analysis, Map|Tags: , , , |

Mitigating the impact of energy on the economic cycle: shale oil & gas not the game-changer

There was no longer any room to deny the evidence. In just a few weeks in late 2016, the International Energy Agency confirmed in two of its publications what a handful of analysts had identified as soon as several years ago: the shale sector in the United States, shale oil and shale gas, never generated [...]

By |February 10th, 2017|Categories: Analyst's Insight|Tags: , , , , , , , |

The fiscal cost of the oil shock

The IMF has recently released its April 2015 Fiscal Monitor in which it analyses the fiscal impact of lower oil prices.
The April 2015 World Economic Outlook (Uneven Growth: Short- and Long-Term Factors) has already highlighted the impact of lower oil prices on global growth: “Relative to last year, the outlook for advanced economies is improving, [...]

By |December 20th, 2016|Categories: Analyst's Insight|Tags: , , |

Upstream earnings and Brent oil price (group of 91 companies globally)

The U.S. EIA’s Short-Term Energy Outlook of December 2016 analyzed earnings of 91 companies involved in upstream production in the U.S. According to this analysis, profits improved in the recent period, which could support investment, in particular if oil prices increase. However, earnings remain weak and this trend should continue to be monitored. As described:
“In [...]

By |December 7th, 2016|Categories: Graph Analysis|Tags: , , , , |

The oil market: why you should stop, think and only maybe act

It probably occurred to you that the oil price skyrocketed yesterday during trading hours, in the wake of the OPEC reunion held in in Vienna. Following the Algiers summit, last September, the market was hoping for some news regarding a potential output cut and made up a hype mostly from scratch. Consequently, the WTI that [...]

By |December 1st, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

Planned oil supply cuts by producer

Based on available information, the graph below describes the breakdown of planned oil supply cuts plans by country following the 30th November 2016 OPEC agreement, based on a 1.2m b/d cut for OPEC and 600k b/d for non-OPEC producers. Future moves in the implementation of the agreement should now be closely monitored.
Breakdown of planned oil supply [...]

By |December 1st, 2016|Categories: Graph Analysis|Tags: , , , , , , , |

Waiting for the next oil price rise

The coming OPEC meeting that will take place on the 30th November continues to draw much attention from analysts. At the end of September, the OPEC had agreed to cut oil output to a range between 32.5 and 33.0 million barrels per day. Crude prices had immediately increased by 6%. However, the actual outcome of [...]

By |November 17th, 2016|Categories: Analyst's Insight|Tags: , , , , , , , |

Oil production cut announcement in Algiers: OPEC plays it like the FED

It did not take long for media to trumpet that OPEC reached an historical agreement in Algiers on September 28th and for markets to react accordingly. It seems the vast majority of observers and investors are buying the story of a concerted action among OPEC producers, possibly extending beyond OPEC, which will promptly eliminate current [...]

By |October 6th, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

Automotive diesel prices in IEA member countries, first quarter 2016

Source: IEA. Energy Policies of IEA Countries – Japan – 2016 Review. 2016.

By |September 23rd, 2016|Categories: Graph Analysis|Tags: , , , |

Saudi Arabia-Russia: never-ending status quo

The following interview was given by Olivier Rech (Beyond Ratings' Head of Energy-Climate research) to El Watan on the 6th September 2016.

Crude oil prices recovered today in London, gaining about 5% along the first half of the trading session. Do you think that there are signs of hope stemming from the comments of some OPEC members, on the [...]

By |September 15th, 2016|Categories: Analyst's Insight|Tags: , , , |