Tag Archives: OPEC

Week in Review, February 2 – February 9

by Timothy Abraham – Photo by Jerry Mathes II This week’s review looks at OPEC’s efforts in cutting oil production with a particular focus on Venezuela and financial, legal and practical developments in the European energy market. OIL OUTPUT, OPEC AND BEYOND OPEC beats oil output cut expectations, according to the International Energy Agency. The November […]

The Week in Review – January 23 – February 1

Welcome to the Spring semester 2017 with the ENERPO team! Every week we will bring you up to date with global news in energy. This issue looks at OPEC’s efforts in curbing oversupply in the global oil market (and how those efforts work for US shale drillers); changes in the European natural gas market; Russia’s […]

Week in Review October 24 – October 30

by Sophie Nhuebana, Timothy Abraham, Elisabeth Nguebana, Glenda Pavon, Alberto Perego, Bogdan Polishchuk, Patrick Osborne  Photo by Jerry D. Mathes III Russia Prepares for Deep Budget Cuts Russia is preparing to slash government spending across the board over the next three years as it struggles to bring down the budget deficit because of lower oil […]

Week in Review October 10 – October 16

Kelsey Zimmerman, Daniel Tsvetanov, Alberto Perego, Elisabeth Nguebana, Glenda Pavon, Bogdan Polishchuk, Alexander Geysman Turkish Stream to Move Ahead During his official visit to Turkey, Russia’s President Vladimir Putin announced a revival of the Turkish Stream pipeline project. The new pipeline would run under the Black Sea to Turkey before continuing onwards to Greece. Thus, […]

The Surprising Resilience of the U.S. Shale Industry and its Win Against OPEC and Other Major Oil producers

U.S. shale producers prove resilient as ever in adapting technology and methods to accommodate the less than advantageous oil prices in global markets. IMARES student Kelsey Zimmerman examines how companies have survived historic low prices.

OPEC Deal: Riyadh and Tehran Reached a Pact on Reducing Crude Oil Production

Two major players in the OPEC feud over production cuts have finally come to an accord. ENERPO student Sophie Nguebana reports on the implications going forward.

Week in Review October 3 – 9

by Alexander Geysman, Irina Mironova, Sophie Nguebana, Glenda Pavon, Alberto Perego, Bogdan Polishchuk, Daniel Tsvetanov Secret Reserves? China increases strategic reserve during price glut Geospatial analytics startup company Orbital Insight Inc. based in Palo Alto, California, announced that China may have more oil reserves than it has declared. Information is based on satellite images of […]

Week in Review Sept 26 – October 2

by Alexander Geysman, Irina Mironova, Sophie Nguebana, Patrick Osborne, Glenda Pavon, Alberto Perego, Bogdan Polishchuk, Daniel Tsvetanov, Kelsey Zimmerman OPEC Deal: Riyadh and Tehran Reached a Pact on Reducing Crude Oil Production As producing countries gathered in Algiers for talks on September 28, Riyadh and Tehran reached a pact on reducing crude oil production. The exact […]

Week in Review September 19-25

by Timoty Abraham, Alexander Geysman, Irina Mironova, Elisabeth Nguebana, Patrick Osborne, Glenda Pavon-Suriel, Alberto Perego China Wants its Nuclear Industry to Grow Dauntingly Fast Chinese city of Lianyungang saw people protesting last month against the nuclear power plant, already built in the area. China has started its nuclear adventure only in 1994 and since then […]

Russia and Saudi Arabia Stabilizing the Oil Market: A Prisoner’s Dilemma?

by Daniel Tsvetanov During the G20 summit in Hangzhou, China, the Russian Energy Minister Alexander Novak and the Saudi Arabia Minister of Energy, Industry and Natural Resources Khalid bin Abdulaziz Al Falih signed a joint declaration for the stabilization of the oil market. Novak and Al Falih agreed on joint measures and steps, recognizing the […]