OPEC has changed not only fundamental dynamics of the oil market, but the entire narrative: There’s very little, if any, talk about “lower for longer”—the issues currently rattling the market are not going away any time soon.
While oil and gas supplies have yet to be significantly affected by the current spat surrounding Qatar, it could escalate tensions in the region, home to a majority of the world’s oil reserves, and lead to deeper geopolitical instability.
Aggressive strikes as part of the Tidal Wave II campaign have had an undisputed impact on the entire ISIS oil supply chain.
Libya's oil production has the potential to rise now that there’s been a merger of the two national oil companies and a likely re-opening of two major ports. But a swift rebound will be difficult, not least of all because of competing groups vying for control of the country and oil facilities remaining vulnerable to attack from ISIS.
Oil revenues and terror funding have a long history. The Fuse speaks with Thomas Sanderson, Director of the Transnational Threats Project at CSIS, on how oil revenues make their way to terrorist groups, and which countries are responsible.
Even as the official talks in Doha collapsed, the discussion of a production freeze between OPEC and Russia helped raise oil prices sufficiently to eliminate the need for a formal agreement.
Saudi Arabia is mulling selling shares in Aramco, but the announcement of a possible IPO has prompted a number of questions, particularly the overall value of the company.
Increased domestic oil supply has bolstered American geopolitical clout, according to new research from Platts.
Pickens: We can, and should, drill for and produce more oil, but we’ll never beat the Saudis and OPEC because we’re playing their game, by their rules, on their field.