Tag Archives: OPEC

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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Is OPEC Too Big To Fail? Not Anymore

A lot of people, including several OPEC members, thought the oil slump would be easing by now. Instead, as oil prices languish near multi-year lows and experience unprecedented volatility, it’s now unclear how long it will take oil prices to … Continue reading

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OPEC, Get Ready For The Second U.S. Oil Boom

What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized. A technological revolution spurred the U.S. oil boom that resulted in the … Continue reading

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