Impacts will take months to unfold, and the implementation details and market players’ reactions will ultimately shape final outcomes.

By most accounts, the Organization of Petroleum Exporting Countries (OPEC) successfully concluded its November 30 meeting by agreeing to extend the production cuts an additional nine months, to run through the end of 2018, and seeking to cap output from Nigeria and Libya,...

In attempting to reverse previously bearish market sentiment, OPEC had no option but to continue to observe the ongoing production freeze and hope reduced supply and resurgent second-half 2017 demand would accelerate the drawdown in global stocks and bring forward the...

Saudi Arabia, the United Arab Emirates (UAE), and Bahrain, along with Egypt, broke diplomatic relations with Qatar on June 5 and simultaneously announced a trade embargo. The trade restrictions include closing airspace to Qatari planes and banning Qatari seaborne vessels....

Bullish sentiment pushed prices higher this February. OPEC’s apparent cohesion and drive to rebalance markets, in no small part, fueled that rise, despite significant concerns over still growing stocks, resilient U.S. production, rising rig counts, and fears about tepid...

Saudi Arabia has historically been a leading supplier of crude oil to China, Indonesia, and Japan, and even as the kingdom implements its Vision 2030 (which aims to diversify its economy by facilitating investment into nonenergy sectors and strengthening nonenergy trade),...

OPEC’s rollover deliberations have become more complicated and perhaps more urgent after both market fundamentals and sentiment reversed last week. At the start of the week, industry optimism on the oil price outlook was upbeat, but within days, oil prices had fallen to...