2014-12-03 21:25:00
SAUDI OIL POLICY
After OPEC's announcement last week that it would not be cutting production, oil prices fell dramatically. Given the significant global oversupply due to the U.S. shale oil boom and decreased demand in China and Europe, this decision marks an historical moment in which OPEC relinquishes its supply-based approach to price manipulation and embraces a market-based approach. Wisely, the organization has shown that it is aware it can no longer dictate oil prices by attempting to control the market.
As the leader of OPEC, Saudi Arabia is the engineer of this new approach. Indeed, at the OPEC summit the kingdom blocked calls from OPEC and non-OPEC producers, such as Russia, Venezuela,…
Log in to read the publication.
An authorized user gets access to four publications per month.
You can also buy a full access to publications.
 |
February, 18, 12:30:00 |
OIL PRICE: ABOVE $66 |
|
 |
February, 18, 12:25:00 |
OIL DEMAND GROWTH 1.4 MBD |
|
 |
February, 18, 12:20:00 |
BRENT OIL: UNDERVALUED |
|
 |
February, 18, 12:15:00 |
U.S. OIL PRODUCTION 11.9 MBD AGAIN |
|
 |
February, 18, 12:10:00 |
BENEFIT FOR RUSSIA |
|
 |
February, 18, 12:05:00 |
LATIN AMERICA ENERGY FORUM FEBRUARY 2019 |
|
Chronicle:
2019, February, 18, 12:00:00
БЫСТРАЯ СИЛА СИБИРИ
ГАЗПРОМ - Как отметил по итогам переговоров Алексей Миллер, «строительство газопровода „Сила Сибири“ идет с опережением графика, „Газпром“ начнет поставки газа в Китай раньше намеченного срока — уже с 1 декабря 2019 года».
2019, February, 18, 11:55:00
U.S. TIGHT OIL PRODUCTION 7 MBD
U.S. EIA - In December 2018, U.S. shale and tight plays produced about 65 billion cubic feet per day (Bcf/d) of natural gas (70% of total U.S. dry gas production) and about 7 million barrels per day (b/d) of crude oil (60% of total U.S. oil production). A decade ago, in December 2008, shale gas and tight oil accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production.
2019, February, 18, 11:50:00
U.S. SHALE NEED INVESTMENT
REUTERS - On Thursday, the regional price of crude was at a $1.10 a barrel premium to U.S. crude futures, the strongest in more than a year as companies including Parsley Energy, Pioneer Natural Resources, Goodrich Petroleum Corp have pared their exploration budgets, easing the constraints.
2019, February, 18, 11:45:00
U.S. INDUSTRIAL PRODUCTION DOWN 0.6%
U.S. FRB - Industrial production decreased 0.6 percent in January after rising 0.1 percent in December.
