Tag Archives: Saudi Arabia oil

Oil Prices Could Be Lower For Longer

The ECOreport reposts an analysis of market conditions, Oil prices could be lower for longer

Originally Posted on Oilprice.com

By Nick Cunningham

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to a period of “lower for longer” for oil prices, a refrain that is all too familiar to those in the industry.

Continue reading Oil Prices Could Be Lower For Longer

Five State-Run Oil Economies

The ECOreport reposts a description of some of the most successful Petro-states, Five State-Run Oil Economies

Originally Published on Oilprice.com

By Zainab Calcuttawala

A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources.

Continue reading Five State-Run Oil Economies

Saudi Arabia Plots Life After Oil

The ECOreport reposts Saudi Arabia plots life after oil

Originally Published on Greenpeace Energydesk

by Joe Sandler Clarke

Saudi Arabia yesterday approved a 15 year plan aimed at restructuring the Kingdom’s economy to make it less dependent on oil. Saudi Arabia plots life after oil.

Continue reading Saudi Arabia Plots Life After Oil

Canada Is One Of The World’s Largest Energy Producers

The ECOreport reposts E.I.A. analysis that Canada is one of the world’s largest energy producers & the principal source of U.S. energy imports.

Originally Published on the US Energy Information Administration

Canada is a net exporter of most energy commodities and a significant producer of crude oil and other liquids from oil sands, natural gas, and hydroelectricity. Energy exports to the United States account for the vast majority of Canada’s total energy exports. However, because of economic and other considerations, Canada is developing ways to diversify its trading partners, especially by expanding ties with emerging markets in Asia.

Continue reading Canada Is One Of The World’s Largest Energy Producers

Traders Losing Faith In OPEC

The ECOreport reposts reports of Traders Losing Faith in OPEC as market prices continues to decline, a weekly round-up

Originally Published on Oilprice.com

By Evan Kelly

Chevron (NYSE: CVX) made news when it completed its $54 billion Gorgon LNG export terminal in Australia a few weeks ago. It also made headlines this week when it announced that it temporarily shut down the terminal due to technical difficulties, less than one month after its first shipment.

Continue reading Traders Losing Faith In OPEC

Booms and Busts in the Oil Market

The ECOreport reposts an explanation of the reasons for Booms and Busts in the Oil Market, going back to 1979

Originally Published on Oilprce.com

By Nawar Alsaadi

What if I told you that there was a period in history where oil demand declined by 5 million barrels per day and non-OPEC supply increased by 5 million barrels per day, yet oil price rallied more than 50 percent? Would you believe me? If your answer is yes, then you guessed right. This was the period from 1979 to 1985; it was a period during which global oil demand declined from over 61 million barrels to 56 million barrels and non-OPEC supply increased from 32 million barrels to 37 million barrels. Yet prices rallied from $17 a barrel in 1979 to $26 a barrel in 1985, while reaching as high as $35 in 1981.

Continue reading Booms and Busts in the Oil Market

Cutthroat Prices in the Ongoing Oil War

The ECO reposts an article about how everyone is suffering because of cutthroat prices in the ongoing oil war. 

Originally Published on Oilprce.com

By Charles Kennedy

This is a financial cold war—nothing more, nothing less.

Continue reading Cutthroat Prices in the Ongoing Oil War

The State Of Oil In 2016

The ECOreport reposts an analysis of the state of Oil in 2016

Originally Published on Oilprice.com

By Nick Cunningham

Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016.

Continue reading The State Of Oil In 2016

Twilight of the Gods of Oil

The ECOreport reposts the story of how Big Oil’s 55-year-long dominance of our world is ending. The Twilight of the Gods of Oil

Originally Published on Energy Post

by Peter F Varadi

OPEC was initiated in 1960 by five countries and by the 1970s had 12 members who controlled the flow of oil and its price. Everybody remembers the 1973 oil crisis which ushered in a recession in the US and other countries. In the following years OPEC regularly made threats and on at least one occasion caused another crisis, in 1979. They forgot the age old saying that one should not make war with one’s customers. The customers will react somehow.

Continue reading Twilight of the Gods of Oil

Saudi Arabia’s Inroads into The European Market

Russia has been selling 70% of its’ oil to Europe, but now faces stiff competition. Saudi Arabia’s Inroads into The European Market

Originally Published on Oilprice.com

By Nick Cunningham

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

Continue reading Saudi Arabia’s Inroads into The European Market