OPEC-Shale Price War

FLASH: Oil Prices Continue to Creep Upward

030629-N-4790M-001 Central Command Area of Responsibility (Jun. 29, 2003) -- Commercial oil tanker AbQaiq readies itself to receive oil at Mina-Al-Bkar Oil terminal (MABOT) an off shore Iraqi oil installation. AbQaiq is the first commercial vessel to receive a post-war shipment of crude oil for export at Mabot. AbQaiq is scheduled to take on an estimated 2 million barrels of crude oil. U.S. Navy and coalition forces are helping to provide security, enforcing an exclusionary perimeter around the terminal. U.S. Navy photo by Photographer's Mate 2nd Class Andrew M. Meyers. (RELEASED), https://commons.wikimedia.org/w/index.php?title=Special:Search&title=Special:Search&redirs=0&search=oil+tanker&fulltext=Search&fulltext=Advanced+search&ns0=1&ns6=1&ns14=1&advanced=1&searchToken=c8v9kp7zj8qr2ca6bo8zpklqw#%2Fmedia%2FFile%3AOil_tanker_Abqaiq_in_2003.jpg

Oil traders are bullish in the shadow of pending Iran sanctions, with some projections suggesting a return of $100-per-barrel prices.

OPEC Stabilizes Oil Markets, for Now

Oilwells, cc Flickr Richard Masoner / Cyclelicious, modified, https://creativecommons.org/licenses/by-sa/2.0/

In Vienna, OPEC+ displayed its greatest strength… and its greatest weakness.

Global Forecast (05-28-2018)

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Another attempt at Taliban talks in Afghanistan, Venezuela’s oil industry struggles to fulfil its contracts, and Turkey secures a YPG pullout from Manbij.

Outlook 2018: Energy Prices

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Will the energy market of 2018 take its cues from the bearish 2016, or the bullish 2017?

How Long Will OPEC and Russia ‘Play Nice’?

OPEC Flag, public domain

The OPEC-Russia deal seems to be having its intended effect, but how long will it last?

Geopolitical Risk on Energy Prices Overblown

Oil Derrick, cc Flickr Global Panorama, modified, https://creativecommons.org/licenses/by-sa/2.0/

Supply and demand – not geopolitical factors – will move oil prices through 2017.

Global Forecast (11-29-2016)

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Frantic negotiations in the lead-up to OPEC’s next meeting, a key vote for the European Union in Italy, and a major development in the Syrian civil war.

Canadian Oil Is Building a Wall and Mexico Is Paying for It

usrefinery, cc Flickr eflon, modified, https://creativecommons.org/licenses/by/2.0/

Mexico and Canada are waging a silent battle for market share in the US crude oil refining market, and Canada is winning.

Enhanced Oil Recovery: Cleaning up “Dirty” Oil

Sunderr, cc Flickr Paul Lowry, modified, https://creativecommons.org/licenses/by/2.0/

The vilification of oil is bad for perception but good for business for the largest oil companies.

Iran Could Change the Face of OPEC

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Just as OPEC lost control over global oil production with increased production, technology, and innovation from the US in 2011, Saudi Arabia stands to lose its control over OPEC as Iran’s oil & gas industry opens up to foreign investment.

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