Oil market sentiment has shifted considerably over the last few weeks. Brent is trading above $60 per barrel, the major benchmarks are in backwardation, stocks have been falling towards the five-year average, global oil demand remains strong, financial positioning is at record length, OPEC and non-OPEC compliance has been high, the additional Nigerian and Libyan […]
This short comment discusses how oil policy in the Arab world is often perceived by some parts of the western media, focusing on media coverage over the latest oil price cycle. An abridged version of this comment was presented at the 2nd GCC Petroleum Media Forum (Riyadh, Saudi Arabia, 22-24 March 2015).
The sharp fall in oil prices in the last few weeks has turned the world’s attention to OPEC and particularly to Saudi Arabia’s response to the current slide in the oil price. Following unofficial communications to the market that Saudi Arabia is comfortable with markedly lower oil prices, even for an extended period, hopes that […]
Since 1989 Venezuela has been developing a new oil policy, known as Politica Petrolera de Apertura (Oil Opening Policy), or Apertura Petrolera for short. With Apertura Petrolera the Venezuelan oil sector, nationalised in 1976, has been re-opened to private investors. Inviting private investors back may itself be considered a historic voIte-face in Venezuelan oil politics, […]
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