• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 26 mins Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 44 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 15 hours While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 6 hours Mr
  • 3 hours Free market or Freeloading off the work of others?
  • 3 hours China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 4 hours Marine based energy generation
  • 16 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 17 hours How to Create a Pandemic
  • 18 hours Apple to Bypass Internet and Beam Directly to Phones
  • 10 hours Which producers will shut in first?
  • 17 hours Real Death Toll In CCP Virus May Be 12X Official Toll

Global Energy Advisory - June 15th 2018

rig

Crude oil prices are back on the seesaw as the market prepares for next week’s OPEC+ meeting in Vienna. Most analysts expect the group to agree to start raising crude oil production gradually, although there are those uwho oppose such a move, such as Iraq and Iran.

Iraq has been particularly vocal in its opposition to a production recovery although it has been the OPEC member that has most consistently failed to cut production to its assigned quota. However, now Baghdad is angry with Riyadh and Moscow: both Saudi Arabia and Russia have already upped their crude oil production ahead of the meeting.

President Trump, meanwhile, has launched another Twitter offensive against OPEC, blaming the cartel for keeping oil prices high even though both Brent and WTI are palpably lower now than they were in April, when Trump railed against OPEC’s cuts for the first time.

Russia’s Alexander Novak has said Russia and Saudi Arabia are in agreement about a gradual increase of production but this agreement would not mean much if Iraq and Iran try to put their foot down. If this happens and the June 22 meeting ends with no unanimous decision, it would not mean that everyone will keep pumping at the lower levels. It means that a lot of producers will start cheating and production will be higher again.

Deals, Mergers & Acquisitions

• Hong Kong-based Ck Infrastructure has offered $9.8 billion for Australian gas pipeline operator APA Group,…




Oilprice - The No. 1 Source for Oil & Energy News