Blog posts tagged by tag: OPEC
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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.
Top Posts
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What is the outlook for Sub-Saharan Africa’s economy?
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Brazil elections: What’s in store for Latin America’s largest economy?
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How will Russia’s gas shutoff affect the EU economy?
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Will Italy be the first target of the ECB’s new anti-fragmentation tool, the TPI?
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What does the U.S.-China tussle over Taiwan mean for the global economy?
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Why does Latin America have a growth problem?
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Why is OPEC struggling to raise oil output?
Featured Posts
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What is the outlook for Sub-Saharan Africa’s economy?
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Brazil elections: What’s in store for Latin America’s largest economy?
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Will Italy be the first target of the ECB’s new anti-fragmentation tool, the TPI?
-
What does the U.S.-China tussle over Taiwan mean for the global economy?
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Why does Latin America have a growth problem?
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Why is OPEC struggling to raise oil output?
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Fed hikes rates: How high will rates go in 2022?
Twitter @FocusEconomics
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What’s holding Sub-Saharan Africa back? Find out in our latest insight piece: https://t.co/mnYZNQ94gJ #SSA… https://t.co/tjXMnXcLZu
6 hours ago
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Elevated prices for fuel will continue to drive inflation in Sub-Saharan Africa, as transport accounts for a large… https://t.co/W2PGPPQgbg
5 days ago
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Most large Asian economies will lose steam in 2023, as pent-up demand eases following the lifting of Covid-19 restr… https://t.co/YyvSOSqBI4
6 days ago
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Don’t miss our recent analysis: ⭕️ How will Russia’s gas shutoff affect the EU economy? https://t.co/5iNXBIbkMG… https://t.co/BwFwyJwMaT
6 days ago
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In this special survey of 120 analysts from leading institutions, we examine the inflation outlook for this year an… https://t.co/28LA6wzqYR
1 week ago
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