OPEC-Shale Price War
Oil traders are bullish in the shadow of pending Iran sanctions, with some projections suggesting a return of $100-per-barrel prices.
In Vienna, OPEC+ displayed its greatest strength… and its greatest weakness.
Another attempt at Taliban talks in Afghanistan, Venezuela’s oil industry struggles to fulfil its contracts, and Turkey secures a YPG pullout from Manbij.
Any rally that deviates from the laws of supply and demand is destined to be short-lived, and oil prices are no exception.
Will the energy market of 2018 take its cues from the bearish 2016, or the bullish 2017?
The OPEC-Russia deal seems to be having its intended effect, but how long will it last?
Supply and demand – not geopolitical factors – will move oil prices through 2017.
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.
Mexico and Canada are waging a silent battle for market share in the US crude oil refining market, and Canada is winning.
The vilification of oil is bad for perception but good for business for the largest oil companies.