Posts Tagged ‘OPEC’

Bearish IEA market report tops off bad week for oil exporters

If you’re an oil exporter, the December 12th report on the state of the oil market from the International Energy Agency will have topped off yet another week of very bad news.

Read the rest of this entry »

The Oil Big Five: Looking into the short future of 2014

The end of December is just around the corner, and it’s typical at this time of year for publications to take a grand look backward to sum up the year. What kind of proclamations can we make about the global oil industry in 2014? What sort of lessons are there to be learned, and how will we look back on 2014 years from now?

As tempting as it may be to take that look in the rearview mirror, today we’re going to look ahead with our December version of The Oil Big Five. By now you know the drill: We ask our Platts editors and analysts in offices around the globe what they think are the biggest issues or topics in the oil world for the upcoming month, and then we ask you for your thoughts. Are we right, are we wrong, and what do you want to see covered? Leave us your comments here or with #oilbig5 on Twitter.

Read the rest of this entry »

OPEC oil production: still swinging on Libya

It’s likely that the monthly oil output numbers for OPEC are going to be highly subject to fluctuations in what a very unstable Libya does. That was no different in November, as you can read in our monthly output analysis here. 

Read the rest of this entry »

Petrodollars: Looking back at the latest OPEC meeting

Herman Wang was at the recently-concluded OPEC meeting. Herman, a Platts’ Washington correspondent, has been to several; here, in this week’s Oilgram News column, he gives his impressions of the meeting.

Read the rest of this entry »

Energy Economist: Riyadh’s pressure play

Ross McCracken is the editor in chief of Platts Energy Economist. Here’s his take on the OPEC meeting.

OPEC’s decision to roll over its 30 million b/d ceiling November 27 reaffirms Saudi Arabia’s dominance of the organization, but also represents a clear shift in the oil kingdom’s view on shale oil and OPEC’s need to protect its market share.

Read the rest of this entry »

OPEC is playing a dangerous game with oil markets

(The Platts’ OPEC team in Vienna was headed by Margaret McQuaile, and also included Stuart Elliott, Adal Mirza, Jacinta Moran and Herman Wang.)

Saudi Arabian oil minister Ali Naimi left OPEC’s Vienna meeting on Thursday saying the group had made “a great decision.”

Oil markets didn’t agree. In the weeks leading up to the decision, expectations had built for a cut in output, not least because of the sharp fall in demand for OPEC oil that forecasting organizations–including OPEC itself–were projecting for the first half of next year. But when Naimi signaled early Wednesday that the oil market would eventually stabilize itself, it became clear that the Saudis were not interested in cutting output.

Read the rest of this entry »

OPEC cuts its oil output, and then Libya cuts it more

Platts completed its monthly survey of OPEC output in the last day or so, and then Libya decided to make all numbers from just a few days ago seem out-of-date.

Read the rest of this entry »

The Oil Big Five: Clear your calendar for November’s news

November didn’t waste any time with big news stories featuring oil issues, and some of us are still trying to catch up on the sleep lost watching the outcomes of the US elections on November 4. Looking ahead and around the globe, it appears the rest of the month has plenty of potential to keep us guessing as to what will happen to the global oil industry.

For this month’s The Oil Big Five, we’re marking our calendars for the rest of November and eagerly awaiting what new developments could start emerging. These five topics were suggested by our Platts editors and analysts around the world, and we’re particularly interested in what you think. Any wagers as to the outcome of any of these topics, or any other issues that are especially important to you? Comment here or on Twitter with the hashtag #oilbig5, and we’ll feature your comments (and give you another chance to leave us your thoughts) later in the month.

Read the rest of this entry »

The Oil Big Five: Your comments about oil prices worldwide

This is a busy time of year, and between conferences and the reporting of big news events, we’ve been running in several directions at once here at The Barrel. That’s part of the reason why we’re just now getting to your comments about the October version of The Oil Big Five, when we got our analysts and editors to share their biggest issues in the global oil industry.

Today, though, we want to highlight some of your comments. Remember you can always tell us your thoughts through a comment here on the blog, or on Twitter with the hashtag #oilbig5.

Read the rest of this entry »

Ed Morse and his team on the oil price slide

A few snippets from a conference call Ed Morse and his team at Citi held today on the decline in oil prices.

Read the rest of this entry »