President Trump repeated a familiar refrain criticizing OPEC for the current level of elevated oil prices but appeared to walk back on his earlier statement that purchasers of Iranian oil must cut their imports to zero as CSIS Energy and National Security Program experts...
June 25, 2018
| Frank A. Verrastro, Larry Goldstein, Albert HelmigU.S. light tight oil continues to impress, although logistical constraints, especially pipeline bottlenecks in evacuating Permian oil and associated gas, could hamper or at least delay further near-term increases.
Venezuela’s loss of production volumes was the largest global unplanned fall in crude oil output in 2017, a trend that has continued to intensify into 2018 and has the potential to get significantly worse in the coming months.
June 11, 2018
| Frank A. Verrastro, Larry Goldstein, Albert HelmigThe global oil market continues to evolve in both predictable and yet uncertain ways. Like previous OPEC meetings, next week’s discussions, including the emerging rifts between the larger members with spare capacity and those without such luxury, will need to be managed.
May 31, 2018
| Frank A. Verrastro, Andrew J. StanleyWhile higher oil prices have provided Venezuela with an economic lifeline in the past, the dramatic collapse of production and exports makes it increasingly impossible for even such revenue inflows to alter Venezuela’s fate.