Tag Archives: oil production

Strippers Suffering From Low Oil Prices

With Prices Below $50, what is a stripper to do? With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel … Continue reading

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Can OPEC Strike A Deal On Cutting Production Tomorrow?

OPEC is set to convene its twice-a-year meeting in Vienna, and a growing number of the group’s members are clamoring for production cuts in order to boost oil prices. The problem is a collective one. Sure, everyone agrees production should … Continue reading

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Why French Military Action In Syria Doesn’t Affect Oil Prices

The horrific attacks in Paris prompted a swift response from French President Francois Hollande, as he dispatched an aircraft carrier to the Eastern Mediterranean a day after airstrikes hit the key city ISIS stronghold of Raqqa. The United States responded … Continue reading

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Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been … Continue reading

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Can Russia Withstand Saudi Onslaught In The European Oil Market?

Is Saudi determination to continue to defend its global crude market share and to let market forces determine crude prices finally unnerving Russia in general and Rosneft CEO Igor Sechin in particular? Toward the end of October, the Saudis began … Continue reading

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