shale oil

With forecasts for oil demand and supply highly discouraging, Saudi Arabia enforces strict production caps compliance among OPEC members, warns financial markets “speculators” against betting on falling prices and hints at the possibility of further output cuts. However, U.S. shale producers may interfere with the organization’s strategy once again.

After seeing oil prices rise in May and stabilize in June, OPEC+ announced it would ease its production cuts as of August. The committee based its decision on the assumption that the economy would gradually recover during the second half of 2020, but the global economic outlook – on which ...

After the 2009 and 2010 gas finds in the Eastern Mediterranean, many expected the region to become an energy hub. A decade later, myriad challenges remain and the coronavirus has made a bad situation worse. The European Union may decide against funding the EastMed pipeline project for economic reasons, although ...

The countries in OPEC+ are currently complying with the terms of their deal to restrict output, but this discipline may not last. Meanwhile, oil markets remain at the mercy of the global economic recovery. Demand will need to increase well above the current levels to absorb the inventory buildup accumulated ...