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for The Vienna Group

OPEC Is Dead, Long Live OPEC+
There once was a time when OPEC did not need to rely on outside producers to achieve its policy goals. That time has passed. The old OPEC is dead, and OPEC+ now stands in its place. What will its reign bring?

Trump, OPEC, and the Oil Market’s Razor Thin Spare Capacity
The oil market could be sorely tested in the second half of the year and into 2019, unless demand slows, OPEC outages are less than expected, or non-OPEC producers such as the United States, Canada, and Brazil produce higher than forecast.

The Numbers Don’t Add Up: OPEC Sows More Confusion With Production Increase
OPEC fudges the details. Oil prices rose on Friday in reaction to OPEC's decision to increase output during the second half of the year. Analysts argue that the cartel's actions will not be sufficient to meet the markets' needs.

With or Without You: OPEC+ to Increase Supply Even if Iran Fails to Compromise
Market watchers are not sure Iran’s participation in an OPEC agreement is necessary. The Saudis are determined to increase supply, with or without Iran’s agreement.

Saudi Energy Minister: Global Oil Market Needs Increase of 1 Mbd
Global oil markets are in danger of seeing a large supply deficit in the second half of 2018, increasing the need for more OPEC supply.

OPEC Congratulates Itself as Members Clash Over Competing Interests
Given the group’s discord, it’s unclear if OPEC+ will sufficiently handle the current complex market situation, which is experiencing a number of fast-moving events, such as lost supply in Venezuela, Libya, and other producer nations.

OPEC’s Relevance Grows Despite Shale
In today's global oil market, price movements, in either direction, are largely dependent on OPEC's actions and verbal intervention. Current political and market dynamics make it clear that shale was never a panacea.

Rage Against the Shale Boom: The Move to Institutionalize the Vienna Group
Although they have been caught off guard by U.S. growth, OPEC members and their non-OPEC partners have successfully regrouped and will likely be well positioned if fundamentals eventually tighten even more.

Despite OPEC’s Reassurances, Market Uncertainty to Persist With Output Cut Extension
A clumsy exit strategy, producers cheating on quotas, or a rapid response from U.S. shale producers could undermine the effectiveness of the deal. Conversely, the potential for higher prices is also a stark possibility.