Category Archives: OPEC

Oil market outlook: A quandary for OPEC+

Oil markets seem almost frozen, with prices hovering around $40 per barrel (bbl) in June and July after initially recovering […] Read More

The Changing Relationship Between OPEC Countries and International Oil Companies: The Dynamics of Bargaining Power in an Evolving Market

The formation of OPEC in 1960 marked the beginning of a new era in the structure of the oil market […] Read More

OPEC’s next phase

Since its formation in 1960, the Organization of the Petroleum Exporting Countries (OPEC) has attracted international interest. Its classification, influence […] Read More

Oil market rebalancing and the future of ‘OPEC+’

The “OPEC+” group has managed to put a floor under oil prices It is still a long way from achieving […] Read More

Saudis Seen Losing Market Share to Iran, Iraq on Oil Cuts

Christof Rühl argues that oil producing countries will not be able to eliminate the excess of stored oil unless they extend their output […] Read More

The Historic Agreement between OPEC and Non-OPEC on Production Cuts

In an interview given to Stasa Salacanin from The New Arab, Dr Carole Nakhle, Director of Crystol Energy, comments on […] Read More

Iraq: OPEC’s wild card

Iraq has emerged as the most recalcitrant member of the Organization of Petroleum Exporting Countries (OPEC), hampering the group’s attempts […] Read More

OPEC and the scope for meaningful intervention

For the first time since 2008, OPEC has announced a coordinated production cut of approximately 0.5 million barrels a day […] Read More

Arab Banker: Global energy mix, climate change and the future of OPEC – An interview with Dr Carole Nakhle

In the Middle East, discussions about energy tend to focus on the price of oil and the future of OPEC. […] Read More

Doha meeting fails to reach an agreement

In an article published by The Economist “Drill Will” on 23 April 2016, Dr Carole Nakhle, Director, Crystol Energy, comments […] Read More