Blog posts tagged by tag: OPEC
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After OPEC’s surprise production cut, what’s next for the oil market?
In our latest insight piece, we examine what’s in store for the oil market after OPEC’s surprise October output cut.
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How will Russia’s gas shutoff affect the EU economy?
In our latest insight piece, we examine the likely impact of Russia’s decision to suspend gas supplies via the Nord Stream 1 pipeline.
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Why is OPEC struggling to raise oil output?
In our latest insight piece, we look at OPEC’s difficulties in meeting its oil production targets, and the outlook for oil production going forward.
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OPEC deal: Will OPEC comply? Who will really benefit?
The OPEC deal is done and the news sent oil prices soaring yesterday. The deal, which is designed to curb record-high global oil inventories, has been mooted as a possibility since last February when prices dropped to their lowest prices in over a decade.
It’s taken almost a year, but the deal is done, overcoming disputes between the cartel’s three biggest producers, Saudi Arabia, Iraq and Iran. The deal, which also includes non-OPEC member Russia, represents the first time in 8 years that OPEC agreed to cut oil production and the first time Russia, one of the largest oil producers outside of the cartel, has agreed to cut production in 15 years.
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What impact could the lifting of economic sanctions on Iran have on Africa’s major oil exporters?
As Iran ordered a ramping up of production by 500,000 on Monday, Persian tankers were already filling their hulls with millions of barrels of low-sulphur crude, destined mostly for European markets. Although there are some factors restricting the accessibility of Iranian crude to foreign markets, especially given that U.S. institutions are still barred from Iranian oil transactions, Iran will want to regain market share it has either lost, or never had access to. This will most likely translate to more supply of high-quality hydrocarbons and downside pressure on prices.
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