for Oil Supply
Reinstituting subsidies could prevent the demand destruction that would otherwise occur from a rise in prices.
While the overwhelming response to SAFE's report has been positive, our group seeks to clarify criticisms that are not factually based.
Rapidly declining oil exports from Iran, combined with ongoing losses from Venezuela, could put Saudi Arabia’s spare capacity to the test.
Assuming that oil prices will remain low through 2050 is not consistent with current market dynamics or historical precedent.
Two things to question no matter what the outcome: The assumption that a production agreement will benefit the market, and the promise that OPEC can moderate a price spike in the next year.
The world still needs massive investment—all along the supply chain—to keep future price spikes from occurring and for countries to improve their energy security. But many in the industry have become more restrained in making big investments.
Video: Saudi Arabian Energy Minister Khalid al-Falih’s Full Comments Before OPEC Ministerial Meeting
Saudi Arabian Energy Minister Khalid al-Falih comments on his expectations for an OPEC deal, cooperation from non-OPEC members, and timelines for market rebalancing.
Renewed political turmoil and the takeover of major oil terminals last month didn't stop Libyan oil production from tripling since August. How long will it last?
The substantive discussion gave insights into how energy policy would take shape in either a Clinton or Trump administration.
Right now, OPEC is revealing just how far from dead it really is, and realizing how much it can accomplish with words and meetings alone.