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Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?

... margin to finance our obligations. … The current prices in the oil market suggest our reserves could be enough for six years ,” Russia’s Finance Minister Anton Siluanov said in a recent interview with the Rossiya-1 state-run news channel. The oil market urgently needs to be stabilized. Today the market is heavily influenced not only by the pandemic and the breakup of the OPEC+ agreement, but also by US sanctions. These sanctions, for instance, hamper Iran's presence in the market, and the other players currently are taking advantage. Venezuela is another case in point : In early 2020, the United States sanctioned Rosneft ...

03.04.2020

analytics

Does the World Need More Oil?

... suggests that the “ghost” of Iran is most likely to haunt the market for long enough to generate occasional but noticeable shifts in prices. Factor 3: OPEC policy How much time will it take Iran to recover its pre-sanctions production level? OPEC is the largest actor on the oil market and until recently had the opportunity to directly dictate the price. The U.S. shale revolution changed the situation dramatically. The emergence of such a strong opponent deprived the Arab sheiks of the reins of power. Given the ever-decreasing ...

15.09.2015

analytics

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