Tag "Brent Crude"
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.
Global oil glut could further depress oil prices
With the global oil supply expected to outpace demand in 2015 and 2016, there is a growing risk from an oil glut that might further slash oil prices. The 50 percent
Oil price drop reveals Iraq’s structural problems
“Iraq’s state finances are increasingly vulnerable to a drop in oil prices and the government could have difficulty financing this year’s budget plan.” – IMF Mission Chief for Iraq, 27
Falling oil prices hamstring Iran’s economy
The recent drop in oil prices has hurt an already struggling Iranian economy as international sanctions continue to cripple the country’s economic growth. Relief from these restrictive measures could revitalize the economy.
Latin America’s oil winners and losers
The recent fall in international oil prices will provide oil-importing countries in Latin America with an economic bonus, while oil exporters will suffer, both economically and politically. The chances of
Five political risk factors affecting oil markets in 2014
Predicting oil trends was always a precarious job, and 2014 will not be any different in that regard. But the year ahead could bring developments with longer-term consequences for the
Tensions rise as OPEC countries look to increase production
OPEC’s internal tensions rise as producers like Iran, Iraq and Libya, after years of production below capacity, look to increase output. Still, those increases will not come online for some
Iran’s oil exports still restricted, but prices may drop
US and EU sanctions on Iranian oil exports will remain intact for the next 6 months, but the psychological impact of the Geneva deal might in fact lower oil prices.
Saudi Arabia’s record output fails to ease shortage fears
As a number of OPEC countries face stagnant or falling production and oil prices creep steadily upwards, the question of whether Saudi Arabia can offset further shortages is more pressing
