US Rig Count In A Free Fall
Alahdal’s Insights
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Here Is How Saudi-Russia Oil War Will Benefit The Oil Market: The current infighting between the biggest OPEC+’s oil producers -Saudi Arabia and Russia- which contributed to the recent collapse of oil prices does have a positive aspect to the oil market provided that both KSA and Russia eventually agree to cut output.
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Similar to its rival (Schlumberger), Halliburton’s Fourth Quarter and Full-Year 2019 Revenue were not in a good shape: Revenue: Q4 2019 Revenue: Halliburton Q4 2019 revenue was $5.191…
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This week, ExxonMobil announced on Thursday that it has made the world’s third-biggest natural gas discovery in two years at Glaucus-1 well in Block 10, off the coast…
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Crude oil prices have spiked today touching an almost four-year high with Brent Crude jumping above the threshold of $80 per barrel. At the time of writing this…
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Later today, OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC) will be meeting in Algiers, Algeria. The (JMMC) consists of six countries, namely- Saudi Arabia, Kuwait, Venezuela, Algeria, Oman, and…
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OPEC Monthly Oil Market Report (MOMR) for this month was published last week on Wednesday, 12 September 2018. Looking at OPEC crude oil production data published in this…
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OPEC monthly oil market report for August 2018 is out and here are the most important highlights: 1- Oil demand growth for 2018 and 2019 was revised down…
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Will U.S. crude oil production reach 11 million barrels per day in 2018? Will it continue to increase or reverse a course in 2018? I asked myself these…
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Alahdal's Insights
Oil Market Cycle: Where Exactly Are We Now, and Why OPEC Actions Could Trigger A Price Collapse
The last time I wrote an article on the state of the oil market with regard to the oil market cycle was back in April 2016. At that…
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Why OPEC/non-OPEC oil producers are determined to continue to support oil price recovery despite shale oil production growth? It is because: 1- OPEC/non-OPEC oil producers will make more revenue…
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Apparently, not only OPEC members are in a “Wait & Watch” state to see how the current oil market unfolds -while keeping a close eye on shale oil…