Three weeks ago, we noted that sanctions continued to tighten on Russia and asked whether China would come to Moscow’s rescue (no it wouldn’t we concluded). However, three weeks on from the initial question and it appears that OPEC+ has instead decided to come to Russia’s aid. That may not be too surprising – RussiaContinue reading “OPEC+ cuts output, Russian oil price cap proposals move forward”
Tag Archives: OPEC
Political risks in global energy
Energy companies around the world face a wide variety of risks and deal with these in their everyday course of business. These risks include technical, commercial and financial risks, all of which companies attempt to model, analyse and mitigate before taking investment decisions with substantial up-front costs and long-lasting payback periods. One other important challengeContinue reading “Political risks in global energy”
Outlook for oil prices and the LNG market
I was recently interviewed by a European business magazine on the outlook for oil prices and the global gas market, which I thought I could usefully turn into a blog this week. What’s happening in the oil market, production was first cut and now it’s been increased again. How much of this is about politics?Continue reading “Outlook for oil prices and the LNG market”
Prospects for the recovery of the global oil market
On January 1, Brent crude oil was trading above $66/bbl. Three months later, it had fallen by more than 60% from that level. A coronavirus-driven decline was followed by a collapse when the three-year old agreement between OPEC and Russia to cut production and raise prices broke down. The root cause was a three-way tussleContinue reading “Prospects for the recovery of the global oil market”
Global Energy Comment 