OPEC+ agrees to extend big output cuts for another month
08 Jun 2020 - Stephen O'SullivanLate last Friday night I was asked to comment by a well-known journal on what OPEC+ might do about oil production, given that their next meeting was fast approaching. I said I thought they would extend their 9.7 mbd.
#OPEC #Russia #Saudi Arabia #oil
Is peak oil now behind us?
27 May 2020 - Stephen O'SullivanIn the last blog on energy a couple of weeks ago A bad week for Big Oil... with worse to come?, I highlighted two different views about Peak Oil out in the market: those who thought that the moment of Peak Oil (as in.
#Stephen O'Sullivan #OPEC #Russia #Saudi Arabia #oil
A bad week for Big Oil... with worse to come?
07 May 2020 - Stephen O'SullivanThe last week was quieter in the oil markets as far as prices were concerned and there was a steady drift upwards on the back of some economies partially reopening. It was, however, reporting week for the oil companies.
#Stephen O'Sullivan #Oil & Gas #OPEC #oil price #Russia
After oil at -$40, what next?
27 Apr 2020 - Stephen O'SullivanLast Monday we warned that oil prices could turn negative. That evening they did just that, with the main US domestic grade WTI trading as low as -$40/bbl for the May contract (sellers were paying buyers to take the.
#Stephen O'Sullivan #OPEC #oil price #Russia #oil
OPEC+ agreement: A band-aid to delay the crisis
14 Apr 2020 - Stephen O'SullivanOver the past weekend OPEC+ (OPEC plus Russia - and now plus a few other countries as well) announced that it had reached an agreement to cut oil production in response to the dramatic falls in oil demand following the.
#Stephen O'Sullivan #OPEC #oil price #Russia #Saudi Arabia
Prospects for the recovery of the global oil market
03 Apr 2020 - Stephen O'SullivanOn 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.
#China #Stephen O'Sullivan #Oil & Gas #coronavirus #OPEC #oil price #Russia
Oil price declines and the impact on China’s energy complex
12 Mar 2020 - Stephen O'SullivanOil prices have been steadily declining in recent weeks as the impact of the coronavirus on energy demand in China and the rest of the world has become evident. This slide accelerated significantly at the beginning of.
#China #Stephen O'Sullivan #Oil & Gas #coronavirus #OPEC #oil price
