Tag "OPEC"

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International Natural resources and energy

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.

Middle East/North Africa Natural resources and energy

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.

International Natural resources and energy

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.

Middle East/North Africa Natural resources and energy

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,

International Natural resources and energy

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

Middle East/North Africa Natural resources and energy

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

Natural resources and energy North America

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

Middle East/North Africa Security

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

Middle East/North Africa Natural resources and energy

How will the Saudi-Iranian conflict affect oil markets?

The recent Saudi-Iranian clash is unlikely to affect oil markets for now, but the redistribution of political power between Saudi Arabia and Iran, along with the US disengagement from the

International Natural resources and energy

2016: Top five trends in oil markets

The oil industry is facing another tough year ahead. Here are five top trends that will dominate the oil markets in 2016. Oil glut will continue well into 2016 The