Tag "OPEC"
2016 is the year of cheap renewables, not oil
While much attention is devoted to the fall of oil prices, 2016 has seen a significant expansion in the development of renewable energies
After Al-Naimi: Mirage and reality
Ali Al-Naimi’s dismissal marks a pivotal moment in the history of Saudi Arabia and global oil markets.
The end of OPEC as we know it?
U.S shale, the global oil glut, and Riyadh’s move to diversify away from oil, all sound the death knell for OPEC as we know it.
The grip of OPEC “oiligopolists” weakens as Saudi strategy shifts
Oil is moving into a new paradigm, in which markets decide the price. U.S. shale production and Saudi Arabia’s Vision 2030 add new market dynamics.
Doha meeting reveals Opec’s inability to control global oil prices
The recent Doha meeting of major oil producers failed to agree oil output freeze deal and confirmed the existence of deep disagreements within Opec.
3 reasons why Saudi Arabia will keep oil prices low
Despite a tentative agreement struck last week to freeze oil production, Saudi Arabia is likely to keep oil prices low for the foreseeable future. Last week Saudi Arabia, Venezuela, Qatar,
Saudi-Russian deal not a quick fix for the oil crisis
The recent deal struck between Russia, Saudi Arabia, Qatar and Venezuela to prop up oil prices by freezing production levels at January levels might have a psychological effect on oil
Iran’s return to oil markets puts additional pressure on oil prices
The end of sanctions is a lifesaver for Iran’s economy, but oil producers will have to bear the additional brunt as new barrels flood the already oil-saturated markets. After seven
Forecasts for the state of US shale oil
US shale oil transformed global energy markets over the past decade. But as the first wave of excitement over energy windfalls has passed, the grim reality has kicked in with
Terrorism, tourism, and Oman
Tourism in the greater Middle East and North Africa (MENA) has been dampened by security concerns; what does this mean for Oman in 2016, especially in tandem with falling oil
