Oil slides as OPEC holds target while new Iran-driven glut looms
Oil fell as Iran’s vow to boost crude exports after OPEC maintained its output target renewed speculation that a global oversupply will persist.
Petroleum politics
Alec Hogg: Three reasons crude oil isn’t soon going back to $100
It’s always dangerous to make a “this time it’s different” call, but with the crude oil price there are some good reasons to consider it may now be true.
Saudi Arabia: Fracking means $100 oil price is history
Oil prices won’t rebound to $100 a barrel because increased prices would draw more shale and other output from higher-cost producers to the market.
Cees Bruggemans: Do we understand the situation?
Could it be that we understand our own situation only too well, but perhaps do not dare to express its true nature?
Ian Kilbride: Bastille day and the big oil lie
Ian Kilbride cries ‘Vive la Revolution!’ re oil prices: It’s bad for Halliburton, bad for Putin, but low oil prices are as bad for us as cream is on a scone.
Mike McWilliams: Let us give thanks to the Americans for a change
In the case of the oil sector we’ve got to give the U.S. some credit, according to Mike McWilliams. Even if Sasol’s been left with less pudding.
Oversupply and production cuts: the boom and busts of the oil sector
Claude Illy joined Alec Hogg in the CNBC studios to discuss the potential mining style ‘boom and busts’ that the global oil sector may be facing.
Abdul Davids: Analysing Sasol’s delay on its gas-to-liquids plant investment
The latest numbers we have on South African crude oil imports show them to be running at over 500 000 barrels a day. Alec and Gugu discuss what’s next for Sasol with Kagiso’s Research Chief Abdul Davids.
Abu Dhabi confirms plan to increase oil production, despite price slump
As much as the oil price drops benefit us as consumers, it’s causing one hell of a stir. The Organization of the Petroleum Exporting Countries (OPEC) have committed to higher levels of oil production in order to hopefully quell the American output of shale – that is, fine-grained sedimentary rocks that can, and have been rich resources of petroleum … Read more
Goldman says oil at $40 would curb shale investments
Goldman Sachs said oil prices need to trade near $40 a barrel in the first half of this year to curb shale investments as it gave up on OPEC cutting output.