Oil Freeze

This tag is associated with 7 posts

Dohaha: Slippery Oil Laughs At Nearly Everyone — Myself Included

By David Haggith, The Great Recession Blog As predicted relentlessly here, the scuttled meeting in Doha to limit oil production broke up with no agreement at all. The meeting foundered like a tanker snagged in the dessert sands because of the singular obvious factor that should have sunken all hope weeks ago but did not: Saudi Arabia said, “No deal without Iran.” Doha Disaster Predictable … Continue reading

Doha Meeting Reveals OPEC’s Inability To Control Global Oil Prices

By Ante Batovic The recent Doha meeting of major oil producers failed to agree oil output freeze deal and confirmed the existence of deep disagreements within Opec. The oil prices agony continues as major oil producers failed to reach an agreement on production freeze at the long-expected meeting in Doha on April 17. The expectations … Continue reading

Saudis Derail Oil Freeze Deal Over Regional Rivalry With Iran

The failure of the world’s leading oil producers to reach an agreement on capping production has been aggravated by the threat of more sparring between Saudi Arabia and Iran over market share. The talks failed after Saudi Arabia, Qatar and the United Arab Emirates said they wouldn’t agree to a deal unless Iran joined in. … Continue reading

Perfect Storm For Oil Started On Schedule And Continues To Build

By David Haggith, The Great Recession Blog The perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone away, replaced by a downdraft that is once again suppressing prices … Continue reading

The Empire Of The Petrodollar And The Price Of Refusing It

Ahead of the meeting of OPEC and non-OPEC oil producers scheduled for April 17 in Qatar in a bid to stabilize plummeting crude prices, let’s have a look at oil’s financial heart, the petrodollar system, and the unfortunate position of those member states who tried to break free of it. OPEC members and key oil … Continue reading

OPEC’s Doha Dilemma: 3MB/D U.S. Lock In?

By Eugen von Böhm-Bawerk Another month, another flight to Hamad international airport for 17th April after initial agreement to hold ‘upstream horses’ in February 2016. While it’s no doubt great fun getting back into the OPEC ‘masters of the oil universe’ routine, second time round, the stakes are rapidly rising in Doha given another supposed ‘freeze’ … Continue reading

OPEC And Russia Oil Production Freeze Is Meaningless Gesture, IEA Says

A deal among some OPEC producers and Russia to freeze production is perhaps “meaningless” as Saudi Arabia is the only country with the ability to increase output, according to a senior International Energy Agency (IEA) executive. Brent crude futures are up more than 50% from a 12-year low near $27 a barrel hit early this … Continue reading

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