More: OPEC
Price war on oil and gas market from geopolitical perspective
The collapse of the OPEC+ deal, coupled with a drop in demand amid the raging coronavirus pandemic, has sent tectonic shocks across the global...
Oil Wars: Russia and Saudi Arabia in the forefront
Recent developments in Italy and the stock
market have things in common. Both came as an alarming surprise; while Italian
authorities took stringent measures to lock...
Clash of titans: Is OPEC+ deal nearing its end?
Only a few days is left before the unveiling of a big decision which
will mostly determine the future of oil market in the upcoming...
Is OPEC stuck in a cycle of endless cuts?
In its latest annual World Oil Outlook (WOO) report, published last
week, the Organization of the Petroleum Exporting Countries (OPEC) predicted
its oil production and market...
INSTEX, OPEC meeting and oil market
In the past few days, oil traders around the world
have been eyeing three major events closely in order to catch a glance at the
direction...
What may cause Oil prices to fall?
Oil prices have rallied a whopping 30 percent this year. Among other factors, OPEC’s commitment to reduce output,
geopolitical flash-points like the brewing war in...
Oil Market Report: A floor under prices?
OPEC and some non-OPEC oil ministers met in Vienna last week and agreed
to curb their output by 1.2 mb/d in order to address growing...
Qatar’s decision to leave OPEC
The Emirate of Qatar will leave OPEC as from January 1, 2019.
The primary reason for this choice is the Emirate’s project to become the...
The impact of U.S. sanctions on Iranian oil industry, market in focus
Right from the day Trump withdrew from Iran’s nuclear deal, announcing his plan for cutting Iranian oil exports to zero, the oil scholars and...
Possibilities of Global Oil Supply Volatility due to Khashoggi’s Mysterious Death
Owing to the decrease in spare oil capacity worldwide, OPEC Secretary-General Mohammad Barkindo advised the oil-producing companies to enhance their production capacities and investments...