oil industry

Saudi Arabia And Russia: Who Will Back Down First?

Eirini Tsekeridou (Julius Baer) | Oil prices have declined massively over the last weeks, as Russia and Saudi Arabia could not reach an agreement regarding output cuts. Saudi Arabia is trying to punish Russia, while Russia is seeking to hurt US oil producers due to US sanctioning of Russian companies. US shale producers, especially the highly leveraged ones, will face default as their breakeven price is about USD 50 per barrel.



Repsol wins four oil concessions in Brazil

Link Securities | Repsol has won a total of four concessions in Brazil’s marine oil and gas exploration blocks in the auction held by the National Petroleum Agency (ANP) of the country.


Low Prices Are Bad For The Oil Sector, Close To Panic

Low oil prices can be good for the drivers, but they are simply catastrophic for the oil companies and the markets. Many top oil firms have seen their earnings sharply reduced and their credit ratings cut. It is expected that prices will rise again, but not before late this year or 2017. The big question is whether the industry will be able to survive until then.