Posts Tagged ‘OPEC’

Few surprises expected from OPEC despite cracks over policy — Fuel for Thought

Never say never.

With this in mind, it would probably be foolish to rule out some kind of deal between OPEC and non-OPEC producers to manage supply.

But, right now, there’s nothing to suggest that any such pact is even a remote possibility, and few OPEC watchers expect the oil producer group to do anything other than rubber-stamp current output policy at talks in Vienna next week.

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OPEC’s big favor to the world of oil

Platts Energy Economist Managing Editor Ross McCracken takes a look at OPEC’s spare crude production capacity. Much has been made recently of the US’ new spare capacity, but OPEC’s role has also shifted, as he explains.

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How the shale boom strengthens US diplomatic clout: Fuel for Thought

In a new Oilgram News column, Fuel for Thought, Herman Wang explains how the abundance of domestic crude oil production gives the US diplomatic leverage and considers how — or if — that could change if export restrictions were lifted.

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The Oil Big Five: Scandal, politics, and looking ahead

There are certain times of the year that seem to rush by and October is one of those, as evidenced by this installment of The Oil Big Five coming out a bit later than usual. In some ways, this is an indicator of how much there is to do and keep track of, including for the global oil industry.

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Has US shale rendered spare capacity irrelevant? At the Wellhead

In this week’s Oilgram News column, At the Wellhead, Herman Wang  looks at how the resilience of shale and the proliferation of US oil production has pushed the US into a new role as the world’s swing producer.

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Music to OPEC’s ears: IEA sees cartel’s oil strategy as having ‘intended effect’

The past year has, without a doubt, been a momentous one for oil markets. Prices began their precipitous plunge in mid-2014, only for OPEC’s shift in strategy in November last year to send them even lower.

At the time, OPEC argued that the market should be left to balance itself, and that it should be the higher-cost oil that should be removed from the market first — not the lower-cost OPEC oil.

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Much ado about … an OPEC editorial

An editorial in OPEC’s latest Bulletin caused much excitement and contributed to a price rally on oil markets on August 31. The oil producer club said it stood “ready to talk to all other producers” but emphasized that this had to be on “a level playing field.”

But there’s nothing new here. OPEC has regularly stated its willingness to talk to other producers and the editorial seems merely to reiterate this.

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OPEC says, ‘What, me worry?’ to the prospects of US crude exports

For all the attention and debate the US’ crude export restrictions get in Washington, there was barely any peep on the issue last week in Vienna – neither at OPEC’s semi-annual meeting there, nor at a pre-meeting OPEC seminar, where ministers from its 12 member nations gathered with major oil company CEOs and non-OPEC country officials to discuss global market conditions.

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North American oil production flush with increasing efficiencies: New Frontier

The US and Canada aren’t slowing oil production, as many predicted when it appeared oil prices were settling into a lower pattern for an extended time period. Efficiencies, which fostered the growth of tight oil production, have continued to protect margins, as Benjamin Morse and Starr Spencer explain in this week’s Oilgram News column, New Frontier.

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The Oil Big Five: Waiting for June’s big oil news announcements

There are certain months that have obvious potential for big news, and June looks like one of them. November 2014 was another one, and this month’s iteration of The Oil Big Five follows up on many of the themes that were raised then.

We reached out to Platts oil editors and analysts worldwide to see what they were keeping an eye on in June, and these topics came back as immediate responses. We hope you’re tracking them as well, and be sure to leave us a comment and let us know your thoughts on the issues below or on Twitter, using the hashtag #oilbig5. If you’re not as concerned about these topics, then let us know what you are watching and what we should be watching as well.

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