OPEC+ might have to extend its cuts when the group meets next month, but the pain in the U.S. shale industry may make its long-term task easier.
Slowing growth in both Persian Gulf economies and U.S. oil production gives OPEC+ plenty to think about when they discuss output cuts in early December.
A sustained campaign on tanker traffic could have significant consequences for the security of the energy shipping lanes.
The oil market’s vulnerability and dependence not just on a single country, but on a single facility, was laid bare on September 14.
Weaker demand has allowed traders to shrug off recent events in the Persian Gulf. But a belief that a return to the days of the tanker war is unlikely may be misplaced.
With global oil supply outpacing demand, oil traders are shrugging off rising tensions around the Strait of Hormuz.
Iranian threats to disrupt shipping through the Strait of Hormuz highlights the precarious political nature of the oil market—and recent events show why this threat must be taken seriously.
OPEC's collusive actions run counter to established international anti-competitive norms at American expense. But by amending the Sherman Act, NOPEC offers a tool to combat these activities.
While the result from Vienna is ostensibly a success, there are obvious cracks in OPEC’s cohesion, as well as in its strategy to tighten up the market.
Against the backdrop of rising tension in the Persian Gulf, OPEC+ will meet to decide next steps