Tag "OPEC"

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Covid-19 Economics

Making History: Coronavirus and Negative Oil Prices

Since the beginning of the Coronavirus pandemic, there has been a loss of 1/3rd global demand – more than 30 million barrels per day (BPD). The virus instilled a level of uncertainty for oil traders, but the catalyst for the initial drop in price can be attributed to the escalating price war between Russia and Saudi for market share, eventually leading Saudi to flood the market with oil.

Economics Risk Pulse

Price War: OPEC+

After OPEC ally Russia refused to cut production, Saudi Arabia launched a price war, sending global oil prices to as low as $32 a barrel on March 9th.

Natural resources and energy Sub-Saharan Africa

The Nigerian oil industry and renewed instability in the Delta

Throughout the spring and summer of 2018, the Nigerian petroleum industry has suffered major production and export complications, exacerbated by an atmosphere of political instability.

Asia Pacific Natural resources and energy

China and India establish “oil buyers’ club” to counter OPEC

Should this “oil buyers’ club” become a reality, New Delhi and Beijing will have greater leverage to negotiate with OPEC about oil prices and will also have a significant say in matters such as importing more crude oil from the US.

Middle East/North Africa Politics

Round Five for President Bouteflika?

Despite serious health problems, Algeria’s President Abdelaziz Bouteflika may stand for a fifth term in office, leaving many to question if the country’s political elite are bereft of a feasible transition plan.

Natural resources and energy North America

Assessing the Trump doctrine of “energy dominance”

If the US is to wield energy as a weapon, it will be perceived as an unreliable supplier, and risk moving at cross-purposes with the system of free and open energy markets that it has promoted for decades.

Middle East/North Africa Politics

Is Russia’s Middle East endgame trouble for global energy markets?

Russia is playing an increasingly assertive role in the Middle East via its military operations in Syria and its partnership with Saudi Arabia

International The Week Ahead

The Week Ahead: 26 November – 2 December

South Korea interest rates. OPEC meets in Austria. Irish border questions derail Brexit talks. Senate considers tax bill. All in The Week Ahead. 

Middle East/North Africa Natural resources and energy

The slow recovery of Libya’s oil industry

While forecasts suggest that production could reach 1.25 million barrels per day by the end of the year, several factors could affect the revival of the oil industry.

International Politics The Week Ahead

The Week Ahead

Brazil lowers rates. Trump associates testify. North and South Korea talk. OPEC meets in Russia. All in The Week Ahead.