India is Opec’s litmus test on oil demand growth – FT – 12/06/2017

South Asian nation pushes into renewables and electric cars.

Source:  FT, 2017/06/12

By |June 15th, 2017|Categories: News|Tags: , , , |

Opec needs new strategy to tackle oil market challenges – Gulf News – 22/03/2017

Pressure mounts on energy grouping to extend output cuts beyond June as crude trades low

Source:  Gulf News, 2017/03/22

By |March 23rd, 2017|Categories: News|Tags: , , |

OPEC Revenue up 17% After Production Cuts: Baird – Oil & Gas 360 – 07/03/2017

OPEC may be better off since its recent cuts, with revenues up since cuts were implemented, according to a release by Baird Equity Research.

Source:  Oil & Gas 360, 2017/03/07

By |March 9th, 2017|Categories: News|Tags: , , , |

OPEC To Seek “Energy Dialogue” With U.S. As Shale Output Rises – Oilprice.com – 22/02/2017

OPEC Secretary-General Mohammad Barkindo dismissed speculation that the United States’ increase in shale oil production was counteracting the effects of the bloc’s less-than-two-month-old output reduction strategy, according to comments made at the International Petroleum Week in London.

Source:  Oilprice.com, 2017/02/22

By |February 23rd, 2017|Categories: News|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: , , , , , , , |

Tough decisions must be taken to diversify the oil economies – The National – 15/01/2017

In November 2013, Norway’s prime minister, Erna Solberg, said that "We have to prepare Norway for an economy that less oil income, directly, and less oil activity … That’s a 20-year perspective, not a four-month perspective." The Nordic country, where crude and natural gas accounted for 41 per cent of exports in the second [...]

By |January 20th, 2017|Categories: News|Tags: , , , , , |

Russia proposes date for oil production control committee meeting – Kallanish Energy – 27/12/2016

Russia has proposed holding the meeting of the committee with control of the proposed oil production cut by OPEC and non-OPEC countries in late January, Russian Energy Minister Alexander Novak said last week. “We’re proposing to meet after January 20,” Novak told Russian news agency TASS. According to Novak, Russia’s work group on oil production [...]

By |January 5th, 2017|Categories: News|Tags: , , , , |

Oil-Producing Countries Agree to Cut Output Along With OPEC – WSJ – 10/12/2016

The deal, if complied with, would represent an unprecedented level of cooperation among oil-producing countries. Oil-producing nations struck a deal Saturday to cut output along with the Organization of the Petroleum Exporting Countries, a pact designed to reduce a global oversupply of crude, lift prices and lend support to economies hurt by a two-year market [...]

By |December 15th, 2016|Categories: News|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: , , , , , , , |