opec

It Really Was A Trillion Dollar Blunder

February 3, 2016 by Robert Rapier
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OPEC and Oil Production

A few days after Christmas I appeared on CNBC Asia’s Squawk Box to discuss the volatility in the oil market. Bernie Lo asked a question about OPEC’s strategy, and I characterized their decision to defend market share as “a big, costly mistake” that had already cost the group over $500 billion.[read more]

Has OPEC Lost Control of the Price of Oil?

December 30, 2015 by Geoffrey Styles
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OPEC and Oil Prices

For all the attention and speculation devoted to OPEC-watching whenever they meet, the question we should be asking about OPEC is whether the current situation shares enough of the elements that defined those periods in the past when the cartel's actual market control lived up to its reputation.[read more]

Paris Climate Accords, Shale, and Implications for OPEC

December 14, 2015 by Amy Myers Jaffe
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Since the 1980s, the Organization of Petroleum Exporting Countries (OPEC) has operated from the assumption that someday in the future (for years, viewed as by the 2010s), the industrialized world would use up its “easy” oil and become increasingly dependent on OPEC.[read more]

Energy on the Edge: Understanding the Challenge

December 1, 2015 by Robert Rapier
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Paris and the Challenges to Come

Along with the OPEC meeting that takes place late this week, the biggest story in the world of energy is the COP 21 conference that runs through the end of next week. Implementation of strategies that will help mitigate potential impacts of climate change are on the agenda.[read more]

United Arab Emirates Plans to Increase Crude Oil and Natural Gas Production

November 2, 2015 by U.S. EIA: Today in Energy

UAE and Oil Production

Using EOR techniques, the government of the United Arab Emirates plans to expand production 30% by 2020. EOR is an expensive process, and at current prices, these projects may not be economic. However, despite today's low oil prices, the UAE continues to invest in future production.[read more]

OPEC Crashed the U.S. Rig Count

June 11, 2015 by Robert Rapier
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OPEC and U.S. Rig Count

Last November, after several months of plummeting crude oil prices, the OPEC met to discuss the oil production quotas for each country in the months ahead. Many expected OPEC to cut production. Instead, OPEC announced that they would continue pumping at the same rate.[read more]

Energy Quote of the Day: 'We Refuse that OPEC Bears the Responsibility'

April 1, 2015 by Edward Dodge

OPEC, Oil Production, and Prices

Saudi Arabia’s oil minister, Ali al-Naimi, recently said again that OPEC will not take sole responsibility for supporting global oil prices. Since the collapse in oil prices this past year, OPEC has attempted to convince non-OPEC oil producers to cooperate on production and prices, but with little success.[read more]

Energy Quote of the Day: "OPEC Cannot Continue Protecting a Certain Price"

January 20, 2015 by Jared Anderson

OPEC and Price Protection

Implicitly or explicitly OPEC countries are battling with US oil producers over the commodity price. There is much evidence to suggest that given US production growth volumes and weak global demand, OPEC could only marginally impact prices by cutting production.[read more]

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Everything Has Changed: Oil, Saudi Arabia, and the End of OPEC

January 10, 2015 by Elias Hinckley
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Saudi Arabian oil fields/shutterstock

Saudi Arabia just refused to cut production to arrest tumbling oil prices. In effect, the owner of the most valuable fossil fuel reserve on Earth just started discounting for a future without them. While they would never state this reasoning publicly, their actions speak on their behalf. And that changes everything.[read more]

Is OPEC Washed Up?

December 29, 2014 by Geoffrey Styles
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As oil prices continued their slide following OPEC's meeting on Thanksgiving Day, speculation has grown concerning whether the cartel might have finally run its course. Is OPEC now at the mercy of market and pricing forces that are beyond its control?[read more]

Friday Energy Facts: OPEC Net Oil Export Revenues Expected to Fall in 2014 and 2015

December 19, 2014 by U.S. EIA: Today in Energy

OPEC Oil Export Revenue Drop

Based on market assessments in the Short-Term Energy Outlook, EIA estimates that members of the Organization of the Petroleum Exporting Countries, excluding Iran, will earn about $700 billion from net oil exports in 2014, a 14% decrease from 2013 earnings and the lowest earnings for the group since 2010.[read more]

OPEC Meeting and The Price of Oil: Russia's Biggest Worry and Saudi Arabia's 'Tour de France' Strategy

December 2, 2014 by Roman Kilisek
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Oil, OPEC, Russia, and Saudi Arabia

Russian officials already in the unenviable position of dealing with the impact of Western sanctions on their national economy as reflected in a tumbling ruble – in spite of continuous Central Bank interventions – and capital outflows, now face the possibility of a recession looming in 2015.[read more]

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Are Declining Oil Prices Increasing the Risks to OPEC, U.S. Energy Security or Clean Fuels Supplies?

October 23, 2014 by John Miller
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Oil Prices and Growing Risks

The growing decline of world crude oil prices could benefit most consumers and international economies. However, can the declining market prices for crude oil also end up creating significant and real risks to oil suppliers or current clean energy policies?[read more]

Has Shale Broken OPEC's Grip? Peter Dupont Names Powerhouses of the Future

December 16, 2013 by Jim Patrick

Peter Dupont has been involved in investment research for 30 years in the industrial and resource sectors. Between 1983 and 1998, he worked for Union Bank of Switzerland (UBS) in London covering engineering and metals stocks.[read more]

OPEC Reacts to US Shale Oil Boom with New Strategy

April 15, 2013 by Amy Myers Jaffe
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OPEC reaction?

Signs are emerging that key Persian Gulf members of OPEC are adjusting their strategies to cope with the growing threat that North American shale oil is making to their long-term dominance in global energy markets.[read more]