The Fuse

Petropolitics

OPEC/MENA

Expect OPEC to Game Expectations

More and more market watchers are making the case that OPEC should just leave well enough alone and let the free market set the price. While trying to influence sentiment and fundamentals, on nearly a daily basis, OPEC has already destabilized the market and guarantees more uncertainty ahead. Read More

OPEC/MENA

Elections Loom Over Iran’s Oil Industry

Iranian oil output has come a long way since the nuclear deal went into effect and tough sanctions were lifted in January 2016, but the outlook now very much depends on the outcome of the May 19 presidential election. Read More

OPEC/MENA

Venezuela's Slow-Motion Implosion Continues

Venezuela’s current state of affairs is a prime example of why it’s important for economies of both producers and consumers to reduce dependence on oil. The meltdown in Caracas is a precarious situation for the U.S., given that Venezuela is its number three crude oil supplier. Read More

OPEC/MENA

What Will Happen to OPEC, Oil Prices After the Aramco IPO?

Experts disagree on the potential oil market impact from Saudi Aramco's IPO. Some argue that the Kingdom will choose a pump-at-will policy to please shareholders, while others see continued coordination with OPEC. 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

OPEC/MENA

Wild Cards Threaten OPEC Deal Extension

In combination with robust U.S. shale oil production, the wild cards of Libya, Nigeria, and Iraq could force OPEC and its allies to go back to the drawing board. Read More

OPEC/MENA

Russia Poised to Meet Its Production Cut Pledge Next Month

The biggest questions at CERAWeek this year is whether OPEC and its non-OPEC counterparts will recommit to throttling back in May and whether U.S. shale can fully offset these cuts and push down prices. Read More

OPEC/MENA

Traders Mixed on Outcome of Upcoming OPEC Meeting

OPEC, along with Russia, will take another stab at figuring out a strategy to support prices at an informal meeting in Algiers next week, and traders are split on what the outcome will be. Read More

Oil and the Economy

Why Chevron's Decision to Spend $37 Billion on the Tengiz Megaproject Makes Sense

The approval of the $37 billion expansion is the largest final investment decision across the entire global oil industry this year, and ranks in the top three in recent years. Read More

Petropolitics

For Europe, Even Modest Supplies of U.S. LNG Will Transform Relationship with Gazprom

Russia has the means and determination to hold onto its gas market in Europe, but in doing so, will be forced to give up much of its leverage over pricing and the way contracts are written. Read More

OPEC/MENA

Oil Sits at Center of Next President’s Foreign Policy Challenges

With international events happening at a quick pace and relationships with allies and enemies in flux, the next president will have a long list of foreign policy challenges, with major oil-producing countries as top concerns. Read More

OPEC/MENA

Panama Papers Perfectly Exemplify Exploitation of Wealth and Power in Petro States

The Panama Papers are another reminder of the extreme wealth, corruption, and opaqueness that is common to leadership in so many oil producing countries. Read More