OPEC


Repsol

Repsol Decides To Complain

Carlos Díaz Güell |  Without doubt he has been thinking about it for many years, but the chairman of Repsol has waited patiently to show himself in the best light and make friends a few days ahead of today’s OPEC meeting taking place in Vienna, against a backdrop of highly volatile oil prices.


Oil gap between Brent and West Texas

Doha meeting: No Deal, As Politics Trump Economics

BARCLAYS | The Doha meeting, among 16 oil producers (OPEC and non-OPEC) concluded on Sunday, without an agreement on a production freeze. The much-awaited meeting exposed the political rift between Saudi Arabia and Iran, and ultimately doomed the agreement. Representatives from Saudi Arabia, Russia, Qatar and Venezuela agreed on a draft in advance to be put forward to the group, but the Saudis changed their stance on Sunday morning.



petroleo barriles1

Oil Investment Crash In Numbers: Capex Will Fall By 44% Over 2014-16

UBS | In recent notes (” Trouble down the line “, ” The outlook for OPEC production capacity “) we detailed the meaningful slow-down in activity we are seeing across the industry. This is being driven by a reassessment of portfolios, on grounds of affordability and in reaction to structural and cyclical deflationary dynamics. In this note we show the effect of this slowdown on investment levels. The results have been dramatic.



OPEP meeting

OPEC 168: Hands off the wheel

UBS | Last week’s 168th ordinary OPEC meeting in Vienna concluded without the group agreeing on any meaningful change in strategy. Contrary to an earlier wire report that the group was to lift its target outp ut ceiling to 31.5Mb/d the defining feature of the official release was the lack of any explicit reference to either the quota or to actual production.