Showing results for "2 march"

The PR of ‘invest’ and ‘Saudi’

  •     When you enter search terms such as “invest” and “Saudi” using Google, Twitter, or any other social media, the result is often a mix of shock and negativity. Apparently, there are too many angry people out there who are still not happy with many things Saudi Arabia is doing....
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5 years after Vienna Agreement: The pain and gain are still here

  • If it wasn’t for the agreement that the Organization of the Petroleum Exporting Countries and its allies signed in Vienna five years ago, OPEC+ wouldn’t be meeting today or celebrating its triumph over the market. In the words of OPEC Secretary-General Mohammad Sanusi Barkindo: “The ‘Vienna A...
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Pleasing Samad can be a good measure of OPEC+

  • Ambitious managers are sometimes perfectionists, and perfectionists are generally hard to please. In my life, I’ve met only two people who are extremely hard to please and both are oil veterans. The first is a former executive at Saudi Aramco, who is now heading one of the largest projects in...
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Oil producers must choose between prices and stability

  • The oil market has had an impressive run since the start of the year. But as we approach the mid point of 2018, it is hard to know if the current bull run will continue. The oversupply that has dogged the market for more than three years — where oil stored for commercial use greatly exceeded g...
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Iran isn’t the only threat to oil market stability

  • Too much have been said in recent days about the impact of a new round of US sanctions on the Iranian oil sector.  No doubt that any sanctions on Iran oil shipments will lead to higher oil prices, but Iran isn’t the only source of risk nowadays.

 There are other OPEC members beside Iran...
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Five ideas for OPEC's future strategy

  • OPEC’s landmark output reduction deal with producers outside the bloc has restored health to the oil sector. But last week’s meeting in Jeddah of the Joint Ministerial Monitoring Committee — the body created to oversee the deal — provided little clarity about what form future collaboration betw...
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Reflections on 80 years of Saudi oil production

  • Saudi oil production turned 80 years old on March 4, as the day when California Arabian Standard Oil Co., CASOC, struck oil from its seventh drilled well at the Dammam field. Well No. 7 at Dammam field, named “Prosperity Well,” became a symbol of success and human determination, as commercial...
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The delicate balancing act that is the oil market

  • Last year, I wrote a column in this newspaper saying that oil market rebalancing was becoming a moving target. The situation hasn’t changed....
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Industry bigwigs contemplate oil’s great balancing act

  • Every February in London, the Energy Institute hosts International Petroleum Week, or IP Week, giving the biggest names in the oil industry a chance to gather and discuss the future and current state of the oil market....
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For OPEC, the job is far from done

  • The International Energy Agency, the archrival of OPEC, said in its monthly report on Feb. 13 that the oil inventories in the oil stocks in the OECD countries had fallen by 55.6 million barrels in December. The stocks overhang should be cleared and back to its seasonal normal level in second...
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