• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 11 hours Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 3 hours https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 13 hours Pollster Frank Luntz released a poll today showing 90% of those that voted for Trump in November would vote for him again.
  • 12 hours Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
  • 13 hours ICE Engines Hear to Stay Regardless of War Against
  • 19 hours Tonight Twitter took down Trump's personal account permanently. Trump responded on the POTUS account.
  • 17 hours CNN's Jake Tapper questions double amputee purple heart recipient GOP Rep's commitment to democracy. Tapper is a disgrace.
  • 9 hours A Message from President Donald J. Trump - 5 minutes from The White House directly
  • 13 hours Minerals, Mining and Industrial Ecology
  • 16 hours The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 12 hours a In 2020, we produced and delivered half a million cars.
  • 13 hours Trump Supporters Just Handed a Huge Propaganda Victory to China
  • 1 day Evidence is evidence, voter fraud by state
The Best-Performing Energy Stocks Of 2020

The Best-Performing Energy Stocks Of 2020

No segment of the energy…

Shale Giant Chesapeake Emerges From Bankruptcy

Shale Giant Chesapeake Emerges From Bankruptcy

Chesapeake Energy has emerged from…

Editorial Dept

Editorial Dept

More Info

Premium Content

What's Next For OPEC?

A rapprochement between Israel and the UAE came earlier this year in a blockbuster deal that made Trump look pretty good, even if it was heralded by Israel’s new-found hydrocarbon power, which is subtly reordering alliances across the Middle East. If you need more proof of that, look to quiet talks now ongoing between Israel and the UAE for oil and gas sector cooperation. 

Israel is now a gas exporter, and the UAE is throwing its weight around a bit as OPEC’s third-largest oil producer (even if that weight-throwing led to dramatic talk of OPEC disunity leading to its disintegration). Part of that cooperation will deal with an oil pipeline between the Red Sea and the Mediterranean, adding further fuel to the fires of a brewing Mediterranean oil war against an increasingly isolated Turkey and its on-again, off-again allies. 

At the same time that Israel is throwing its natural gas weight around, UAE’s state-run ADNOC is working hard towards expansion, most recently awarding oil exploration rights to OXY to expand output. 

To most, it signals more disunity to come within the moving walls of OPEC, or rather, OPEC+. 

The problem is that the three countries really carrying the burden of making production cuts in the name of stabilizing the market (Saudi Arabia, the UAE, and Russia), aren’t really getting much out of their high-level status. But at the same time, it’s hardly the latest round of cuts or the…





Leave a comment

Leave a comment




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