crystol-title-company-overview
crystol-title-tailored-advice
crystol-title-animation2
crystol-title-news-main
crystol-title-tailored-advice2
crystol-title-case-studies-main

Historic OPEC+ deal may not be sufficient

In an interview given to Ariel Cohen from Forbes, Dr Carole Nakhle, CEO of Crystol Energy, comments on the historic OPEC+ deal reached in April.

According to Dr Nakhle, the current prospective deal between Russia and Saudi Arabia, and more broadly between OPEC and OPEC+, may not be sufficient. Demand destruction may be 30 million bpd (mbd). The numbers published Thursday, April 9 suggest 1.6 mbd for Russia and 3 mbd cut for Saudi – this may not be enough.

More broadly, the clash between Moscow and Riyadh reflects internal differences: Saudi is one locus of decision making. In Russia there are a number of private and state run companies and financial institutions. It takes longer to arrive at decisions.

Read the full article

 

Related Analysis

What Are the Medium-Term Implications of Saudi Arabia’s Oil Price War with Russia?”, Dr Carole Nakhle, Apr 2020

A Saudi-US-Russia Oil Deal Is Not a Good Idea”, Christof Rühl, Apr 2020

Related Comments

Gulf Intelligence Energy Markets Commentary – Historic OPEC+ Deal”, Dr Carole Nakhle, Apr 2020

Share this:

Recent Posts

SPE Tech Talks

Crystol Energy is proud to announce its collaboration with the Society of Petroleum Engineers (SPE). The energy transition and the transformation of our global and

Read More »

Categories