Laughing in Quotas, Dancing to Baselines: trials and tribulations of OPEC+ in verse!

All eyes are on the rescheduled meeting of the OPEC+ that is going to take place tomorrow online, if they have overcome the stumbling blocks that led to the unexpected impasse.  It is the 187th OPEC conference, 51st JMMC meeting and 36th ONOMM combined. Undoubtedly, the meeting is going to be crucial…

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Oil Prices Tumble as OPEC+ Postpones Meeting; OPEC+ and IEA lock horns over renewables and peak oil demand!

On November 22, 2023, the Organization of the Petroleum Exporting Countries (OPEC) and Russia, collectively known as the OPEC+, surprised the energy markets by announcing that their upcoming meeting, scheduled for November 26, would be postponed. The meeting had been scheduled to discuss the product…

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The three pillars that support oil markets: availability, affordably and sustainability!

At present, the speculations run rife in the energy markets about the next move by Saudi Arabia and Russia in the face of falling oil prices.  Every oil analyst ponders the thought - and inevitable consequences - of yet another production cut by some oil producers in order to shore up the prices, de…

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Oil price: can Venezuela fill the void, if demand is on the rise - again?

The pendulum of oil prices is back in the bearish territory, dealing a heavy blow to the ambitious producers in the OPEC+, mainly Saudi Arabia and Russia that tried in vain to push it to the polar opposite. On  Thursday afternoon, the selling price of crude oil fell almost by $8, with WTI and Brent …

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Will Saudi Arabia really extend the production cuts beyond December?

Aramco, the Saudi national oil company and the world's second largest company by revenue, reported 23% fall in year-on-year profit on Tuesday; in 2022, however, it made a record profit of just over $161 billion that is more than those of Google, Microsoft and Amazon combined for the same period…

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Oil prices: substantial fall attributed to the economic woes, not the wars

The price of crude oil dramatically declined this week despite the anxieties over the potential  disruptions of the flow of the commodity from the Middle East. The fall in price came about as most economic indicators paint a gloomy outlook across the world: In October, for instance, China's Manuf…

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Oil Price: Chinese Manufacturing activities show a contraction in October!

At present, commodity markets are not short of uncertainties that constantly stem from the combination of the crises in the Middle East and  of course, the sluggish, global economic outlook. What they do not want is yet another anxiety on a different front. Unfortunately, that's what it really g…

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