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…
Oil & Gas
- Alahdal's Insights
OPEC Members Did Not Learn the Lesson and the Result Could Trigger Another Oil Price Collapse
Many players in the oil market learnt an important lesson out of 2014 oil-price-collapse and the oil market downturn, that is; Act Fast and Adapt, which many of…
Back in 2014, Saudi Arabia was leading a market-share war against shale oil producers, the oil Kingdom refused to cut its oil output and led OPEC members -back…
An Overview of LNG Market in 2017: LNG production in 2017 jumped to a record high of 290m tonnes, up by 12 percent from 2016. The increase in…
Like I said earlier, oil prices will continue to climb supported by OPEC/non-OPEC oil output cut until it reaches a level high enough to encourage U.S. oil producers…
Without doubt, there will be various parameters that will play its role in setting the direction of oil prices in 2018. However, the most parameter and the one…
Heading into 2018, a number of big banks raised their 2018 oil prices forecasts. As usual, among the most bullish is Goldman Sachs. The bank raised its 2018…
Numbers doesn’t lie. A closer look at the oil production of both USA and KSA over a period of one year since OPEC’s oil output deal in Nov.…
Over the last 4 months, US crude oil inventory has been continuously falling, yet no major change to the oil price level has taken place. Since April 12,…
In Preparation for LNG Market Downturn: 2018 for LNG market will be similar to 2014 for the oil market. The only difference is that, back in 2014, no…
More than a month ago, I said “whoever is expecting oil price to go high like old days is going to get hit real bad.” Obviously Andy Hall,…
– Venezuela has the largest oil reserves in the world ( 300 billion bbl ), yet the country is in a complete mess. – Norway has around 5.1…