CSIS energy experts unpack recent oil market developments in the wake of OPEC plus alliance’s Joint Ministerial Monitoring Committee in Baku, Azerbaijan.

Supply, demand, geopolitical events, and sentiment have once again conspired to confuse and complicate OPEC’s efforts to achieve and retain acceptable balances in oil markets, as CSIS energy experts write in a new commentary.

For the past month, oil prices had been poised to rally. OPEC’s now eight-month “freeze” is clearly having an impact on accelerating the long-anticipated oil market rebalancing, as over the first half of the year global stocks (or at least those we can count with a...

Tropical Storm Harvey came ashore for a second time yesterday, east of Houston along the Texas-Louisiana coast. Downgraded now to a tropical depression with reduced winds, the rain bands nonetheless pounded Port Arthur and Beaumont, continuing to shutter refineries and...

Even the most casual observer would be hard pressed not to notice that market momentum supportive of the “rebalance is almost here” narrative took a decided hit this month as a confluence of data and sentiment drove crude oil prices to their lowest level since OPEC...

In September, in a concerted effort to stem the fall in oil prices and accelerate the rebalancing of the global market, the Organization for Petroleum Exporting Countries (OPEC) announced the “Algiers Accord.” The accord called for OPEC members to freeze production...