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: , , , , , , , |

World crude oil production overview for selected producers

In its U.S. EIA Monthly Energy Review of November 2016, the U.S. EIA updated its overview of global crude oil production for selected producers. Production continues to grow in Iran or Saudi Arabia but it has been declining in the U.S. since early 2015.

World crude oil production overview for selected producers (million barrels per day)

Source: [...]

By |November 24th, 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: , , , , , , , |

Russia’s crude oil and condensate exports by destination in 2015

The U.S. EIA updated its country analysis brief on Russia. This is for example the occasion to have an updated look at the structure of the country’s oil and condensate exports:
“In 2015, Russia had roughly 7.6 million b/d of petroleum and other liquids available for exports, including almost 5 million b/d of crude and condensate [...]

By |October 27th, 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: , , , |

The Turkish coup attempt and its consequences on the energy business

The last week-end was especially heavy in terms of events and dramas. No need to be long on the Nice situation. Barbarity does not need more publicity that it actually enjoys in the international media, and if the determinants of this modern era crisis still need to be analyzed, this is not the point we [...]

By |July 18th, 2016|Categories: Analyst's Insight|Tags: , , , , , |

Turkey and Israel, an energy-driven friendship?

Friendship and strategic alliances are two separate things in international relationships. Israel and Turkey just gave us another example to illustrate this point. Indeed, last week, the two countries decided to normalize their diplomatic relations, six years after the former launched a raid on a Turkish aid ship sent to Gaza. This had brutally cooled [...]

By |July 4th, 2016|Categories: Analyst's Insight|Tags: , , , |

CBR cuts rates but rouble remains in troubles…

On Friday June 10th, the Central Bank of Russia announced a cut of its key interest rates. The Repo rate is lowered by 50 bps from 11.0% to 10.5%. This monetary policy measure will be effective on Tuesday June 14th. The easing in Russian monetary policy was anticipated by a short majority of the consensus. [...]

By |June 14th, 2016|Categories: Analyst's Insight|Tags: , , , |

Time to bid farewell to coal

Peabody’s bankruptcy filing a month ago raised renewed awareness on the materiality of the risk faced by coal mining companies. The situation depicted by the Smith School of Enterprise and the Environment (Oxford university) in its January report (Stranded Assets and Thermal Coal: An analysis of environment-related risk exposure) is grim.
 While coal is still the [...]

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