Tag: Saudi Arabia Oil Policy

  • Has Saudi Arabia’s Balancing Act Gotten Any Easier?

    By: Bassam Fattouh , Andreas Economou

    The recent movements in the oil price complex indicate some deep dislocations between the physical and futures markets and in market expectations about current and future oil market fundamentals. Despite the various supply shocks hitting the oil market, the general deterioration in the geopolitical backdrop and the rise in US-Iran tensions, the Brent price has […]

  • OPEC Choices are Getting Harder and Harder

    By: Bassam Fattouh , Andreas Economou

    Oil market sentiment has turned very bearish over the last few weeks. The Brent price has fallen from highs of above $80/barrel in October to currently trading close to $60/barrel, global economic prospects have become highly uncertain, Saudi Arabia’s production is at record level of above 11.1 mb/d in November, Russia and other OPEC+ members […]

  • Is this the end of the OPEC+ deal?

    By: Bassam Fattouh

    President Trump’s recent decision to exit the Joint Comprehensive Plan of Action (JCPOA) and the expectation therefore of the loss of Iranian barrels has brought the fate of the OPEC+ deal to the fore. For some analysts, this signifies that ‘the current OPEC deal will end by end-2018’ while for others the impact may be felt as […]