Fragments of a blog
Fragments of a blog
News from S&P Global Platts on the upcoming OPEC+ meeting (online): Saudi Arabia and Russia… have insisted that they will only participate [in an agreement to reduce oil output] if the US also agrees to production cuts. A condition unlikely…
Bloomberg ran this column by Julian Lee on Sunday: Here’s what Saudi Arabia needs to do. At the virtual meeting of oil producers… it should give its counterparts — including those who don’t show up — a clear binary choice…
Excerpts from a piece in the Wall Street Journal published on Thursday: Administration and industry officials see diplomatic action as necessary to get Russia and Saudi Arabia to back down from flooding the markets with supply… The U.S. would ask…
How deep has the drop in oil demand been so far? How much deeper can it sink? When and how fast is it expected to recover? Bloomberg quotes various authorities on this: “This global pandemic is something the world hasn’t…
Saudi Arabia has responded to Russia’s refusal to cooperate by cutting prices and threatening (credibly, it seems) to raise output: The kingdom plans to pump more than 10m [million, not thousand] barrels a day next month while announcing unprecedented discounts…
As mentioned in this comment thread on White Sun of the Desert, the question, “Was the Iraq war about oil?” deserves to be answered in the negative if “about oil” means “about unprecedentedly lucrative contracts for Exxon and Halliburton.” It’s not the…
Greenpeace vs Gazprom… It’s not piracy under Russian law. The platform is not a ship and the activists weren’t after Gazprom’s property. See the criminal code of the Russian Federation, Article 227, “Piracy”: “An attack on a sea or river…