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.
The oil majors are expected to post $80 billion in organic free cash flow in 2018, but spending is expected to be modest.
The direction oil prices will take in 2018 is anyone's guess—creating a compelling conversation on Twitter among leading journalists and analysts.
The expected boom in shale output masks a list of underlying problems that confront the sector. Most companies are still not generating positive cash flow and remain highly dependent on borrowing from the debt markets.
Oil markets surprised this past year with higher-than-anticipated prices, & next year will likely bring even more unanticipated events and volatility. Here are some of the top market developments of the past year and key issues for 2018.
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.