Saudi Arabia and Opec Oil Output

A careful comparison of Saudi Arabia’s oil production behavior with rest-of-OPEC production provides a way to see the consistency in Saudi behavior where many analysts have missed it, according to the authors of a report forthcoming in the journal Energy Policy. Sometimes Saudi and rest-of-OPEC production movements are positively correlated and other times negatively correlated–a … More Saudi Arabia and Opec Oil Output

Us Shale Deposits Changing Global Oil Landscape

Lynne Kiesling As Megan McArdle noted on Wednesday, fracking in the US is causing dissension within OPEC; couldn’t happen to a nicer bunch of cartel members. Megan’s analysis is dead on, well worth reading, and reveals how different the ideal strategies are of the different OPEC members. At some level, this is not new — … More Us Shale Deposits Changing Global Oil Landscape

OPEC: Threat or Menace…?

Michael Giberson … or a clumsy cartel causing excessive volatility in world oil prices, or maybe none of the above. Earlier this week the Cato Institute hosted a discussion of a recent report by Andrew Morriss and Roger Meiners, “Competition in World Oil Markets: A Meta-Analysis and Review.” Panelists included Morriss, FedEx chairman Frederick Smith, and … More OPEC: Threat or Menace…?

OPEC, CFTC, and the International Oil Market

Michael Giberson Will the CFTC regulatory actions increase the market power of OPEC? As OPEC prepares to meet this evening in Vienna, the usual pre-meeting chatter arises: what will they do? what should they do? does it matter what they do? This time around, though, interest in whether the CFTC’s actions may enhance OPEC power. … More OPEC, CFTC, and the International Oil Market