Browsing Tag

OPECs

Brazil’s Oil Surge Set to Challenge OPEC’s Market Strategy

Brazil Could Frustrate OPEC's Oil Market Management Policy Brazil's oil production has started to recover following a plunge earlier this year as many offshore…
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OPEC’s Trillion-Dollar Bet Against U.S. Shale

Since 2008, the shale boom has grown U.S. oil production by about 9 million barrels per day. In the early days of the shale boom, when it wasn't clear whether this…
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Algorithm Trades Worsened The Oil Price Slump after OPEC’s Decision

The market reaction to OPEC's latest production policy announcement was excessively negative, partly due to many executed trades based on trend-following algorithms,…
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Not Saudi Arabia, but the UAE May Decide OPEC’s Next Move

As the global oil market eagerly anticipates the upcoming OPEC(+) production decision-a potential shift in the current production cut strategy-most eyes are on Saudi Arabia…
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Will Namibia Become OPEC’s Newest Member?

Namibia wants to join OPEC as it prepares to reap the benefits of its crude oil resources, with daily production capacity seen at an impressive 700,000 bpd in 2030-the…
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Oil Updates — Crude dips; Russian oil slashes OPEC’s share of Indian market to

RIYADH: The Egyptian economy is expected to contribute around 1.7 percent to the growth of the global economy over the next five years, according to a Bloomberg calculation …
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