The myriad issues that Angola is struggling with right now, including declining production and weak prices, reflect the challenges ahead for Isabel dos Santos and the country’s oil industry.
Sharp growth in the downstream sector could simply shift the gigantic surplus of crude to the refined products market, undermining profit margins in all regions.
Despite shale’s resurgence, there are questions about how healthy the U.S. E&P sector is in light of higher price levels since November of last year.
Algeria's president has called for the country to combat the “hegemony of fuel” in light of recent economic devastation.
Although the world is still in the midst of a seemingly perpetual glut, does a supply gap loom? Is peak oil demand imminent? Why is OPEC praising shale and meeting with hedge funds?
Between now and OPEC's next meeting in May, much more must be done in order to make sure the cuts are fairly distributed, slackers come around, and non-OPEC members stick to the deal.
If there is an extension of the OPEC cut in May, then a re-start date for the Neutral Zone would likely be pushed to Q4 2017 or into 2018 as a result of a lack of short-term benefits for Kuwait and Saudi Arabia.
Success and security over the long-term for Iraq depend not on only defeating ISIS soon but also on addressing new and unique priorities, lingering vulnerabilities, and old grievances, many of which are oil-related.
Speaking at a major conference in Houston, the Saudi Energy Minister said there is cause for “cautious optimism” for the industry but warned against “irrational exuberance.”
The biggest questions at CERAWeek this year is whether OPEC and its non-OPEC counterparts will recommit to throttling back in May and whether U.S. shale can fully offset these cuts and push down prices.