Oil in Global Economy Series: Saudi Arabia loses market share amid OPEC deal
May 03, 2017 08:14 am UTC| Commentary
According to Christof Ruehl, former chief economist at BP who is currently the Global Head of Research at the Abu Dhabi Investment Authority (ADIA), Saudi Arabia, the largest producer of OPEC, which shared the biggest...
Oil in Global Economy Series: Iraq poses biggest threat to oil deal extension
Apr 26, 2017 07:41 am UTC| Commentary
Can there be an extension to the oil production curb deal agreed in last November to reduce production by almost 1.8 million barrels per day, when the second-largest producer Iraq is considering further expansion of...
Apr 24, 2017 13:08 pm UTC| Research & Analysis Insights & Views
It is about more than the barrels. Although the fundamental impact is very important, the real significance of the agreement is that Saudi Arabia and OPEC have returned to active market management. This is what put a...
Oil in Global Economy Series: OPEC deal compliance review
Apr 21, 2017 12:10 pm UTC| Commentary
In November last year, when OPEC members agreed to cut production for the first time since the Great Recession, it was welcomed with great optimism and oil price jumped more than 20 percent, from $45 per barrel to as high...
Oil in Global Economy Series: Saudi oil minister talks positive on deal extension
Apr 20, 2017 10:00 am UTC| Commentary
Saudi Arabias powerful oil minister Khalid-al-Falih has raised the hopes of an extension of the current production curb deal; when the OPEC ministers meet at their Vienna headquarter on May 23rd. The current deal, which...

Oil in Global Economy Series: Crude oil production in US at highest level since August 2015
Apr 20, 2017 06:58 am UTC| Commentary
The increasing production in the United States is one of the biggest threats to the recovery in oil price as well as to the ability of the OPEC deal to curb supplies in the market. Last November, OPEC countries, and other...

Five myths about dismantling North Sea oil rigs
Apr 14, 2017 03:14 am UTC| Insights & Views Business
Oil giant Royal Dutch Shell is under fire from environmental groups over its proposal to decommission the Brent oilfield in the North Sea. The plans submitted to the government relate to four concrete and steel platforms...