OPEC


All posts for OPEC

The Great “Too Little, Too Late” Deal

It immediately props up the current traded prices of crude oil, which were languishing in the US$25/b level before chatter of the deal emerged but it also is prescient enough to acknowledge that the negative impact of Covid-19 will linger for very long, hence the need for a long tail to the deal. ...

Hui Shan


Posted 5 months agoLink > OPECsaudiRussia +7

OPEC, Russia tentatively agree to production cuts

OPEC and Russia, however, want the U.S. to impose state-mandated cuts, rather than let the free market force producers to scale back operations through low prices. And even if a deal is reached, it may do little to raise oil prices, since consumption is now hovering at 50-year lows, and with the ...

Will Fine


Posted 5 months agoLink > OPECG20Non-OPEC +54

Hitting the brakes

Oil producers in New Mexico and elsewhere are hoping for some relief this week, because the Organization of Petroleum Exporting Countries, Russia and other oil-producing nations plan to meet Thursday to discuss potential, collective cutbacks in output to reduce world oversupply and lift prices. N ...

Will Fine


Posted 5 months agoLink > oil and gas newsOil Industry Newsoil news +35

Expert Dan Fine discusses future of oil, natural gas amid low prices and the coronavirus

(Photo: Augusta Liddic/The Daily Times)AZTEC — Two tweets sent by President Donald Trump on the morning of April 2 spurred optimism for an oil industry hit hard by a flood of oil from Saudi Arabia and Russia, driving down the price. (Photo: Twitter screengrab)Fine said Russia, which has been frus ...

Will Fine


Posted 5 months agoLink > NewMexicogeopoliticalGeopolitics +66

Special lecture on the Oil Price War with Dr. Daniel Fine rescheduled for this Thursday 4/2

News Breaking Announcement from Dr. Fine--> My entire lecture is this upcoming THURSDAY APRIL 2 “ENERGY ELECTION 2020" has been moved to a Zoom conference instead from 10AM to 11:15AM ! To get on the ZOOM conference call -> 505 566 3702 and ask for Cecilia! or email cgunnell@4cornersed.com You ...

Will Fine


    US 02 Apr 2020


Posted 5 months agoEvent > durangoFarmington New Mexicocolorado +57

Oil and gas industry faces huge loss

BY KEVIN ROBINSON-AVILA AND DAN BOYD / ALBUQUERQUE JOURNAL STAFF WRITERS Published: Thursday, March 19th, 2020 at 5:04pm Updated: Thursday, March 19th, 2020 at 9:55pm " Copyright © 2020 Albuquerque Journal With oil prices plunging to their lowest level in 22 years, state legislators are proje ...

Will Fine


Posted 6 months agoOpinion > Farmington New MexicoDelaware BasinWest Texas Delaware Basin USA +63

Potential Outcome Scenarios for Covid-19 And Oil Markets

There are two items dominating the headlines in the energy sector at the moment: the global Covid-19 pandemic and the alarming decision of Saudi Arabia and Russia to go head-to-head in a price war. Scenario 2: Fast Covid-19 containment but slow resolution to the price war or Prolonged Covid-19 pa ...

Hui Shan


Posted 6 months agoLink > Covid19ChinaItaly +8

Special lecture on the Oil Price War with Dr. Daniel Fine

You are invited to a special lecture with premiere energy and geopolitical analyst Dr. Daniel Fine ! I will be lecturing on 1) Energy Election 2020: Second Term Trump or Alternative 2) U.S Energy Domination and Trump: Export or Else 3) Gas and Oil under the Alternative: Climate Control and Taxation ...

Will Fine


Farmington   NM   US 30 Mar 2020


Posted 6 months agoEvent > oil priceoil price collapseOil prices +57

Oil price plunge wallops NM

With Russia and Saudi Arabia now locked in battle over which country can sustain their economies the longest as prices plummet, the Permian Basin in West Texas and southeast New Mexico is caught directly in the crossfire. In fact, in good part, the price war appears directly aimed at slowing prod ...

Will Fine


Posted 6 months agoLink > Governor of New MexicoFarmington New MexicoBusiness news +48

Oil price plunge wallops New Mexico

BY KEVIN ROBINSON-AVILA / Albuquerque JOURNAL STAFF WRITER Published: Monday, March 9th, 2020 at 10:02pm Copyright © 2020 Albuquerque Journal New Mexico's oil boom could soon turn to bust after world prices for crude crashed on Monday. The price for U.S. benchmark West Texas Intermediate b ...

Will Fine


Posted 6 months agoOpinion > RussiaRussian marketOPEC +85

OPEC FACES OFF WITH RUSSIA

Saudi Arabia and Russia are both by far some of the lowest-cost oil producers in the world, flipping the narrative to a race for market share instead of an attempt to preserve prices. Caught in the middle will be OPEC members counting on steady oil prices to keep their economies afloat (Iran, Ira ...

Hui Shan


Posted 6 months agoLink > OPECsaudiRussia +3

The Impact Of The Covid-19 Outbreak In Global Oil Markets

Iran now seems to be a hotbed of infection, with over 1,500 cases reported and 66 deaths recorded; the Covid-19's average fatality rate of 2% suggests that reported cases in Iran are underestimated. Of course, this would have a positive impact on prices, but on the whole, for the oil world to dea ...

Hui Shan


Posted 6 months agoLink > Covid19ChinaItaly +4

The Oil and Gas Industry in 2020 – Brief Summary

Attempts by the wider OPEC+ club to minimise the growing glut have only mitigated the situation; the power of these producers to influence the market has diminished as US production has risen. As long as OPEC+ tries to play the good cop in the market – yielding volumes to coerce trends – crude pr ...

Hui Shan


Posted 9 months agoLink > OPECsaudiRussia +4

Compliance Is Critical

On one hand, you had some key members – including Iraq, surprisingly – stating the need for the broader OPEC+ club to make further cuts to its supply deal. The headlines spinning out of the December 5 meeting was that the OPEC+ alliance agreed to slash a further 500,000 b/d, with Saudi Arabia ple ...

Hui Shan


Posted 9 months agoLink > OPECsaudiRussia +3

Geopolitical Tensions Overshadow a Year of Big Discoveries

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 10 months agoLink > IranWaroil price +6