Cartel or talking shop? OPEC awaits Saudi ruling
For those seeking guidance on Saudi Arabia’s thinking regarding the future of OPEC, the last few weeks’ agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few Continue Reading
Battle Inside OPEC Eases as Saudi Oil Strategy Finally Pays Off
Saudi Arabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time next week, it can argue convincingly that its strategy Continue Reading
Pre-OPEC Meeting Said to Have No Discussion of Oil-Output Limits
The final preparatory gathering of officials from the Organization of Petroleum Exporting Countries before the ministerial meeting on June 2 didn’t discuss any limits on crude output, the latest signal Continue Reading
OPEC Head Calls for $65 Oil
A minimum price of $65 a barrel for oil is “badly needed at the moment” according to Qatari energy minister Mohammed bin Saleh al-Sada. On Tuesday, the Qatari minister told Continue Reading
Trump advisers push him to target OPEC, regulations in big energy speech
Republican U.S. presidential candidate Donald Trump holds a rally with supporters in Albuquerque, New Mexico, U.S., May 24, 2016. Two energy advisers to Donald Trump want him to call out Continue Reading
Is OPEC A U.S. National Security Threat?
Pentagon National Securtiy Republican Kevin Cramer from North Dakota is cosponsoring a bipartisan bill that will set up a commission to probe whether OPEC has used unfair means to bolster Continue Reading
Saudi Arabia’s New Oil Plan Shows It’s Just Not That Into OPEC
Saudi Arabia, one of the founders of OPEC, is sounding the group’s death knell. The world’s biggest crude exporter has already undermined OPEC’s traditional role of managing supply, instead choosing Continue Reading
Debt repayments in crude cripple poorer oil producers
Poorer oil-producing countries which took out loans to be repaid in oil when the price was higher are having to send three times as much to respect repayment schedules now Continue Reading
What Does The Next OPEC Meeting Have In Store?
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran The 2 June 2016 OPEC Continue Reading
Trump ally wants Opec probed over unfair trade
A US congressman who has been advising Donald Trump on energy policy is leading a plan to investigate Opec, the oil producers’ cartel, for unfair trade practices. Kevin Cramer, a Continue Reading