When reports emerged that India and China are in talks about forming an oil buyers' club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.
History is littered with examples of brands that have dominated their respective markets but, through a combination of lack of innovation, inefficient execution and focusing internally instead of on customers, have gone on to suffer a massive fall in market share against rivals.
Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high 11 million barrels per day in July, according to Reuters.
Rising oil prices have been a boon for the FTSE 100. The market was at its lowest ebb since 2016 at the end of March, but then rose to record levels on May 22 – some talked of an increase to 8,000.
It appears I spoke too soon in my October 2017 blog on the announcement by the Minister for Business, Innovation and Energy that the Scottish Government’s moratorium on unconventional oil and gas development (“UOGD”) (usually referred to as ‘fracking’) which was imposed in 2015 would be extended into a permanent ban.
The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and pressure from Asian consumers) Saudi Arabia will be willing to revoke its current production cut stance.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
The US’s re-imposition of fuller sanctions on Iran is already having a significant impact on UK entities doing business in the region. Why? And what can businesses do to protect themselves?
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
One lucky reader will win a relaxing country break for two people at the Macdonald Pittodrie House Hotel, set in the heart of rural Aberdeenshire, for taking part in Energy Voice's annual research survey.
Brent crude oil grabbed all the attention after spot prices hit $80 a barrel last week. And yet, almost unnoticed, a perhaps more important rally has occurred in the obscure world of forward prices, with some investors betting the "lower for longer" price mantra is all but over.
The tide appears to have turned for oil. This time last year, the oil and gas industry appeared to be drowning in a commodity price which seemed destined to hug the $50 mark for some time. Further back, in January 2016, it went as low as $30.