OPEC+ meeting postponement reveals dispute among members over oil market future The upcoming OPEC+ meeting scheduled for Nov. 30 is the current focal point of interest in the oil markets. The results of this meeting will have a pivotal impact on determining oil prices in its immediate aftermath. The recent postponement of the meeting from…
Saudi Arabia and OPEC+ member Russia grapple with oil output decisions as prices fluctuate Amid softening oil markets, the Organization of Petroleum Exporting Countries and its allies in OPEC+ are set to meet on November 26 to discuss their next move on the energy chess board. During the meeting, the ministers will be faced with…
The facts support his confidence on oil prices. And that is not good news for the green lobby Oil forecasts are notoriously tricky to make. Yet the OECD energy watchdog, the International Energy Agency (IEA), the Organization of Petroleum Exporting Countries and its allies in the OPEC+ continue to emphasize their respective, contradictory reading of…
Oil prices remain low despite ongoing conflicts Why do oil prices continue to be depressed? Despite two ongoing wars, one in the oil-rich Middle East and the other between Ukraine and the energy giant Russia, oil prices have largely remained unaffected. Last Friday, as the week approached its end, oil prices settled more than two…
And Middle East conflict has so far had limited impact on crude oil market Crude oil prices are strengthening and have surpassed the US$90 per barrel mark, marking a recovery from previous declines. It’s worth noting, however, that, to a limited extent, this premium is merely masking a recent drop in the prices of physical…
Global oil markets grappling with rising tensions in the Middle East and sanctions against Russia Geopolitics continues to dominate the energy sector. Following the outbreak of the Hamas-Israel war nearly two weeks ago, oil markets saw an approximate US$5 per barrel surge. However, markets have somewhat stabilized as neither Israel nor the Gaza Strip are…
Oil markets go from stable to unpredictable following Hamas terrorist attack Until Saturday morning, everything seemed normal. Oil markets were stable. They were, in fact, on a downward slope. Yet suddenly, literally out of the blue, that changed. The terrorist attack by Hamas on Israel and Israel's ferocious counter-attack led to an abrupt change in…
Is the world truly ready to say goodbye to fossil fuels? IEA thinks so The Paris-based International Energy Agency (IEA), the OECD energy watchdog, is facing serious questions about its credibility. While the IEA maintains that the world’s energy landscape is rapidly evolving, OPEC has bluntly raised concerns about its predictions of imminent peak oil demand…
Energy giants argue for a more realistic transition away from fossil fuels A fundamental debate is on within the energy fraternity, and the stakes couldn’t be higher. As environmental advocates and some governmental bodies sound the alarm about the urgent need to transition away from fossil fuels, cautioning about a looming environmental catastrophe, industry leaders…
OPEC and IEA clash on the future of global oil demand amid skyrocketing prices Oil prices surged last week, reaching their highest level of the year, with some experts suggesting the possibility of hitting $100 a barrel before year-end. The price rally was driven by growing expectations of a tightening supply, as Saudi Arabia and…
OPEC+ meeting postponement reveals dispute among members over oil market future The upcoming OPEC+ meeting scheduled for Nov. 30 is the current focal point of interest in the oil markets. The results of this meeting will have a pivotal impact on determining oil prices in its immediate aftermath. The recent postponement of the meeting from…
Saudi Arabia and OPEC+ member Russia grapple with oil output decisions as prices fluctuate Amid softening oil markets, the Organization of Petroleum Exporting Countries and its allies in OPEC+ are set to meet on November 26 to discuss their next move on the energy chess board. During the meeting, the ministers will be faced with…
The facts support his confidence on oil prices. And that is not good news for the green lobby Oil forecasts are notoriously tricky to make. Yet the OECD energy watchdog, the International Energy Agency (IEA), the Organization of Petroleum Exporting Countries and its allies in the OPEC+ continue to emphasize their respective, contradictory reading of…
Oil prices remain low despite ongoing conflicts Why do oil prices continue to be depressed? Despite two ongoing wars, one in the oil-rich Middle East and the other between Ukraine and the energy giant Russia, oil prices have largely remained unaffected. Last Friday, as the week approached its end, oil prices settled more than two…
And Middle East conflict has so far had limited impact on crude oil market Crude oil prices are strengthening and have surpassed the US$90 per barrel mark, marking a recovery from previous declines. It’s worth noting, however, that, to a limited extent, this premium is merely masking a recent drop in the prices of physical…
Global oil markets grappling with rising tensions in the Middle East and sanctions against Russia Geopolitics continues to dominate the energy sector. Following the outbreak of the Hamas-Israel war nearly two weeks ago, oil markets saw an approximate US$5 per barrel surge. However, markets have somewhat stabilized as neither Israel nor the Gaza Strip are…
Oil markets go from stable to unpredictable following Hamas terrorist attack Until Saturday morning, everything seemed normal. Oil markets were stable. They were, in fact, on a downward slope. Yet suddenly, literally out of the blue, that changed. The terrorist attack by Hamas on Israel and Israel's ferocious counter-attack led to an abrupt change in…
Is the world truly ready to say goodbye to fossil fuels? IEA thinks so The Paris-based International Energy Agency (IEA), the OECD energy watchdog, is facing serious questions about its credibility. While the IEA maintains that the world’s energy landscape is rapidly evolving, OPEC has bluntly raised concerns about its predictions of imminent peak oil demand…
Energy giants argue for a more realistic transition away from fossil fuels A fundamental debate is on within the energy fraternity, and the stakes couldn’t be higher. As environmental advocates and some governmental bodies sound the alarm about the urgent need to transition away from fossil fuels, cautioning about a looming environmental catastrophe, industry leaders…
OPEC and IEA clash on the future of global oil demand amid skyrocketing prices Oil prices surged last week, reaching their highest level of the year, with some experts suggesting the possibility of hitting $100 a barrel before year-end. The price rally was driven by growing expectations of a tightening supply, as Saudi Arabia and…