Oil in Global Economy Series: OPEC deal compliance review
Mar 15, 2017 10:21 am 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...
Mar 15, 2017 00:05 am UTC| Research & Analysis
Chief financial officers (CFOs) of insurers in Gulf Cooperation Council (GCC) countries see weak oil prices and intense competition as the main threats to their companies profitability, but remain relatively upbeat...
Oil in Global Economy Series: Rig count increase adds downside pressure on oil
Mar 13, 2017 07:21 am UTC| Commentary
US economy registered an increase in the number of active oil rigs in the country for aneighth consecutive week that pushed the headline number to the highest level since September 2015. The numbers of active rigs declined...
Oil in Global Economy Series: Oil deal may not get renewed amid Saudi-skepticism
Mar 08, 2017 07:37 am UTC| Commentary
Will the OPEC deal be renewed in June? That is one question, which is still and likely to be debated over and over until we reach the date of the meeting. One positive thing about the OPEC deal has been the ability and...
Oil in Global Economy Series: IEA sees supply shortage by end of decade
Mar 08, 2017 07:22 am UTC| Commentary
International Energy Agency (IEA), the developed market watchdog for the global energy market has warned in a new report, which is available here,...
Oil in Global Economy Series: Is Saudi Arabia bypassing OPEC deal?
Mar 02, 2017 10:52 am UTC| Commentary
According to data for the month of January, OPEC is in almost full compliance with the deal. It has achieved about 91 percent of its stipulated cuts of 1.2 million barrels per day. Saudi Arabia, the de-facto OPEC leader...
Mar 01, 2017 10:50 am UTC| Commentary
Since the onset of the decline in oil prices in the summer of 2014, the shale oil companies in the United States have taken up unprecedented steps to ramp up their efficiencies. Many went bankrupt, mostly small and...
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