The Saudi Dilemma: To Cut Or Not To Cut
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. Continue Reading
November exports decline as global prices drop
Iraq’s revenues fell steeply, as the mid-month resumption of Kirkuk oil sales via Turkey was not enough to offset southern export disruptions and sinking oil prices. Nationwide exports fell by Continue Reading
Saudi Arabia Squeezed As OPEC Meeting Nears
Oil prices dipped over the week, but the next few days will be volatile due to escalating geopolitical concerns and trade war tensions. Oil prices dipped in early trading, but Continue Reading
Saudi energy minister goes to OPEC with a weak hand: Kemp
Saudi Arabia’s energy minister, Khalid al-Falih, must play a bad hand of cards as well as he can at next week’s meeting of OPEC and non-OPEC oil producers in Vienna. Continue Reading
Qatar Looks To Revitalize Trade Amid Embargo
On November 7 Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, the deputy prime minister and minister of foreign affairs, announced that Doha was looking to expand trade and investment Continue Reading
Khashoggi’s Revenge: Is Saudi Arabia Becoming A Pariah State?
The U.S. Senate took a dramatic step on Thursday, moving to block U.S. involvement in the Saudi war in Yemen and sending a powerful message to Riyadh that the U.S.-Saudi Continue Reading
Taiwan Firm Stops Importing Iranian Oil Despite Waiver
Due to lack of a payment mechanism, Taiwanese firm Formosa Petrochemical will not be buying Iranian oil despite a U.S. waiver to do so, and will replace part of its Continue Reading
Is The Saudi-Russia Oil Bromance At Risk?
A week before OPEC and allies meet in Vienna to discuss a new oil production cut, the market is still wondering whether the leaders of the OPEC and non-OPEC nations—Saudi Continue Reading
Saudi Arabia wants united front on oil output; Russia and Nigeria hold out
Saudi Arabia will not cut oil output on its own to stabilize the market, Energy Minister Khalid al-Falih said on Wednesday as Nigeria and Russia said it is too early Continue Reading
Natural Gas Drives Saudi Geopolitical Pivot
The world’s largest oil company Saudi Aramco seems to have surprised the global energy markets the last couple of days. New announcements of multi-billion dollar investments in gas related operations, Continue Reading