The Fuse

Petropolitics

OPEC/MENA

OPEC Countries Highly Vulnerable to Cyber Attacks

Countries that rank low in cyber readiness account for more than 44 million barrels per day, approximately 45 percent of the world’s daily oil production. Read More

OPEC/MENA

Nigeria’s Prepayment Deals With Traders Necessary to Support Economic Goals

The fact that Nigeria is considering prepayment deals with traders these deals is significant. It reflects how countries that are highly dependent on oil income are taking extraordinary measures to maintain stability while oil prices are relatively low. Read More

OPEC/MENA

Despite OPEC’s Reassurances, Market Uncertainty to Persist With Output Cut Extension

A clumsy exit strategy, producers cheating on quotas, or a rapid response from U.S. shale producers could undermine the effectiveness of the deal. Conversely, the potential for higher prices is also a stark possibility. Read More

Economics

Are Oil Markets Heading Into a ‘Decade of Disorder’?

At an event hosted by Securing America’s Future Energy, experts warned that a combination of underinvestment in long-cycle conventional petroleum projects and rising geopolitical risk may significantly increase prices next decade. Read More

OPEC/MENA

Venezuela Puts Military Official in Charge of PDVSA, Threatens to Cut Exports to the United States

Stacking PDVSA with military officials may help President Maduro avert unrest in the short run, but it will likely accelerate the deterioration of the state oil company. Read More

OPEC/MENA

OPEC Raises Expectations Despite Divisions

An extension is virtually guaranteed but today’s overwhelming consensus masks real divisions, complications and misgivings. Read More

OPEC/MENA

OPEC Still Trying to Get What It Wants

OPEC’s gamble to cut production to shore up prices has not worked out the way members thought it would, but the cartel cannot be faulted for not trying. The inadequacy of its policy in the first part of 2017 means that OPEC will do whatever it takes during the second half of the year to achieve its goals. Read More

Economics

Do Foreign-Owned Refining Assets Undermine U.S. Energy Security?

The possibility that Russia may soon own refineries in the U.S. if Venezuela’s PDVSA defaults on its loans from Rosneft has pushed the risks of foreign-owned energy assets in the U.S. into the spotlight. As of now, some 30 percent of U.S. refining capacity is owned by foreign companies. Read More

OPEC/MENA

Venezuela-Russia Deal Threatens U.S. Energy Security

In the event that Venezuela defaults on its loan to Rosneft, the Russians would assume control of critical U.S. energy infrastructure. Read More

OPEC/MENA

Why Haven’t More Petro-states Failed?

In the aftermath of the 2014 price fall, producer countries have had to reevaluate policy and economic strategy while contending with a persistent glut that may dampen prices for some time, further undermine their budgets, and possibly cause domestic strife. Read More

OPEC/MENA

Death by a Thousand Cuts

Markets are shrugging off OPEC headlines, with prices weakening and hedge funds liquidating long positions. The cartel may be missing the mark on its stated longer-term goal of stabilizing the market and preventing a catastrophic correction. Read More