Blog posts tagged by tag: OPEC
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.
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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RT @dlacalle: En @FocusEconomics se analiza el cambio de estimaciones de las principales economías regularmente con las expectativas de más…
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RT @ch_macro: Venezuela Stand Off Far from Over https://t.co/po2HdlkH0e @FocusEconomics https://t.co/e3abKQ2XpM
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Base metal prices are seen rising 5.9% year-on-year in Q4 2019 (previous month: +6.2% yoy). Read more: https://t.co/KlgaC9IbxP
15 hours ago
Aprobación política vs. expectativas económicas https://t.co/ldg4ykje73 via @ElFinanciero_Mx
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Ghana: Cedi continues to plummet following policy rate cut https://t.co/RedLOz8lmQ https://t.co/tqpuUiaeZZ
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- The Story of Steel
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- What the TPP means for trade in Latin America
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- The Economic Effects of Trade Protectionism
- Regional Disparity: The Dark Side of Inequality in Latin America
- Coal: The story of the world's most abundant fossil fuel
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- Venezuela's Electoral Conundrum
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- The Latest on China and What's in Store for 2018
- An in-depth look at the Eurozone’s booming economy and the challenges that lurk in the shadows
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- Taxing the Economy: Achieving a Delicate Balance
- How will Latin America’s upcoming lengthy election cycle affect the reform agenda and credit ratings?
- How will emerging market economies perform in 2017?
- Chilean Economy in Focus: Interview with Senior Economist of the Chamber of Commerce of Santiago
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- Prospects and Challenges for the Global Economy: Interview with Tim Cooper from BMI Research
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- Thoughts on "unwinding" QE from Frances Coppola
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- Spain: The economy that continues to silence the critics
- Latin America: The Most Unequal Region in the World
- The History of OPEC: Has it been a Success?
- FocusEconomics Announces 2017 Analyst Forecast Awards Winners
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- Escape from the Central Bank Trap by Daniel Lacalle
- China's economic rebalancing act: What to look out for in 2017
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- Interview with Oxford Economics Senior Economist on implications of the possible outcomes of the French Presidential Election
- The anxiety of the small saver in a world of negative interest rates
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- Predictions & Estimates from Economist Daniel Lacalle
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- “The data is not a true reflection of reality in India” Interview with Société Générale India Economist
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- Top Economics & Finance Blogs of 2017
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- Russian economy update in wake of OPEC deal announcement
- The Wisdom of the Crowds and the Consensus Forecast
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- There's no end in sight to the Venezuela crisis
- A Look at the European Union Political Calendar
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- China: Recent postive economic data may be papering over the cracks
- Sub-Saharan Africa's 2016 & 2017 growth rates
- The Italian Dilemma: Weak banks pose risk to already faltering domestic demand
- How much money do migrants from Latin America send home?
- The U.S.' (Not So) Mysterious Case of the Missing Men
- What to expect from the G20 economies by 2020
- The Pain in Spain: Robust GDP growth cannot mask the persistent structural deficit
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