Illies Sahar and Paul Hickin dwelt on how certain producers of oil agreed to withhold part of their production for the purpose of a desperately sought after increase in the oil price. And they intend to do more of the same in case of not meeting that objective. OPEC will cut output further if oil […]
The Joint Ministerial Meeting Committee (JMMC) comprises four OPEC member countries (Algeria, Saudi Arabia, Kuwait and Venezuela) and two non-OPEC countries (Russia and Oman) and will be held at the end of September 2018 in Algiers. This 10th follow-up meeting on the oil production reduction will review all recent market developments and the report provided […]
It looks as if the US alone is having second thoughts. Pulling out of Iran nuclear deal: now what? Perilous conjecture the MENA countries find themselves in. Donald Trump who is determined to “dismantle” the Iranian nuclear agreement announced last night that the United States withdrew from the agreement. The American withdrawal would most probably be […]
Trading of Brent oil as at October 28, 2017 closed at its highest level at $60.62 and at $54.17 for the WIT and for natural gas at $2.75 MMBtu, down 5.72%. Euphoria apart, this contribution would attempt to review the The Vienna agreement and the Oil & Gas 2017 – 2030 prospects. Indeed, the listing […]
The very best and obvious example of what this article of McKinsey’s is all about, would be with how the Shale Gas impacted conventional oil, more specifically how the Impact of U.S. Shale Oil Revolution on the Global Oil Market has come to be the latest trend. Indeed, technology advances have made it possible not only for the extraction however debatable with respect to its effects on the environment but also its production. [ . . . ]
The oil and gas giant British Petroleum (BP) predicted in a report published last week that although electric cars are increasingly being put on the roads and renewable energy growing at exceptional rates, fossil oil extraction, production, etc. which needless to remind is BP’s main business line, would not only remain in demand but see this latter rise to unprecedented levels. The reason for this unabated level in demand would be according to this report the greater numbers of the Third World countries (cum Emerging) populations reaching levels of prosperity allowing car ownership. The question beside that of the validity of fossil oil demand predicted not to decrease in the future, is which direction the automotive manufacturing industry would take in the same time. Would it be Electric and / or Self-Drive cars and in which part of the World that will be on the roads? And most importantly, which type of energy would be used in which type of vehicle ?
We republish the following Brookings article on driveless cars as these obviously will be marketed mainly in the so-called First World. It is Driverless cars are coming: Here are 8 useful facts about them by Fred Dews. [. . .]