The Fuse

Petropolitics

OPEC/MENA

Panel: Investor Trepidation Could Slow Saudi Reforms

Although Saudi Arabia is seeking to launch an IPO of its state-owned oil company and wants to overhaul its entire economy, foreign investors may balk at the opportunity. Read More

OPEC/MENA

Another Factor Behind OPEC’s ‘Success’ Story: Support from Hedge Funds

By manipulating sentiment through both verbal intervention and physical supply cuts, OPEC members have effectively used speculative money in the futures markets to their advantage. Read More

OPEC/MENA

Venezuela’s Production Losses Could Accelerate as Chevron Becomes a Target

Venezuelan intelligence arrested two employees of Chevron who balked at signing contracts with PDVSA. The move has broad implications and will likely lead to even more production losses. Read More

OPEC/MENA

The Importance of Insulating the U.S. Economy From OPEC’s Actions

Retail gasoline prices are forecast this year to reach their highest summer average since 2014, potentially wiping out household gains from last year’s tax cut. Read More

OPEC/MENA

President Trump’s Tweet Calls Attention to OPEC’s Actions

President Trump’s tweet Friday morning shifted the debate about rising gasoline prices, the effects on American consumers, and OPEC’s role in the global oil markets. Read More

Economics

Attacks on Oil Infrastructure Increase as Prices Reach Multi-Year Highs

A SAFE analysis shows that there were 1,480 terrorism incidents against oil and gas facilities worldwide between 2011 and 2016, a 387 percent increase from twenty years ago. Read More

Petropolitics

Polish Refinery’s Imports of U.S. Crude Send Strong Signal to Moscow

With purchases of U.S. crude, European countries are able to reduce Russia’s leverage and force Moscow to negotiate and be more cooperative. Read More

OPEC/MENA

Saudi Arabia and Russia Deepen Energy Ties, Set to Continue Oil Market ‘Cooperation’

Saudi Arabia and Russia successfully collaborating on tightening fundamentals and lifting prices, if it continues, will likely have large ramifications for the global oil market in the future, given that both are in a position of strength with high production volumes and large proven reserves. Read More

Oil and the Economy

U.S. LNG Arrives in Europe, Set to Compete With Russian Gas

While U.S. LNG will play second fiddle to pipeline gas from Russia in the European market, the mere fact that Gazprom has granted pricing concessions is a sign that Europe's LNG imports are having a significant effect. Read More

Petropolitics

Energy Implications of Tighter U.S. Sanctions on Russia

The new sanctions will still tighten the screws on Russia’s energy sector, altering how the country does business with the global energy industry and increasing risks of partnering with Russian companies. 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