for Oil Prices
Stay on top of the latest developments in oil markets, geopolitical risk, and alternative fuel vehicles with the SAFE policy team's Chart of the Week.
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.
An extension is virtually guaranteed but today’s overwhelming consensus masks real divisions, complications and misgivings.
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.
Saudi Arabia is poised to make "unprecedented" cuts to customers next month, while OPEC's secretary-general suggests the cartel may take "extraordinary measures" to further tighten oil market fundamentals.
The head of SAFE's policy team talks to Platts about OPEC’s policies distorting the investment cycle, the limitation of shale to meet demand growth, and why a small reduction in oil supply can sharply increase prices.
OPEC is trying to spin recent price developments to show that it is fostering market stability in an effort to assist both consumers and producers. But recent talk of a more balanced market creates a false narrative
Although oil would surpass $200 per barrel under its high-price scenario, the EIA sees little effect in curbing demand growth.
Small independent refineries in China thrived in 2015 and 2016 as a result of low crude prices and high exports of refined products, but the road ahead looks bumpier as analysts see consolidation in the country's downstream sector.
If the GCC crisis lasts for months or even years, the appeal of more extreme measures could grow over time.