US Rig Count In A Free Fall
Alahdal’s Insights
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.
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…
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…
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…
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…
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…
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…
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…
- 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…
Why OPEC/non-OPEC oil producers are determined to continue to support oil price recovery despite shale oil production growth? It is because: 1-Â OPEC/non-OPEC oil producers will make more revenue…
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…