How the OPEC Deal Breaks Down for Three Big Producers

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by Sara Vakhshouri  OPEC got what it wanted with Wednesday’s agreement to cut oil production: higher prices. But that is a double-edged sword, as those higher prices could lead to a surge in production by U.S. shale producers and others… Continue Reading  

Saudi Energy Policies Unlikely to Shift Under New Minister

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by Sara Vakhshouri Saudi Arabia’s energy policies are unlikely to change despite the fact that longtime energy minister, Ali al-Naimi, was removed on May 7 and Khalid al-Falih appointed as his successor. There has already been much speculation and concern about… Continue Reading  

For Saudi Arabia, Supply and Demand Trump Geopolitics

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by Sara Vakhshouri The nearly 50-percent plunge in global oil prices since June 2014 has provoked a variety of analysis and speculation. Some see the hand of Saudi Arabia behind this drop, as part of an effort to squeeze Iran, its… Continue Reading  

Explainer: The Oil Price Plunge

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by Sara Vakhshouri In the past several days—despite the conflicts affecting Iraq, Syria, Iran and Russia—oil prices have been on a downward trend, hitting their lowest number in the past four years. As of October 2014, oil prices are more… Continue Reading  

Iraqi Turmoil And the Global Oil Market

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by Sara Vakhshouri On Saturday June 21, Iraq’s largest refinery at Baiji finally succumbed to the forces of the radical Sunni militant group, the Islamic State in Iraq and the Levant (ISIL, often referred to as the Islamic State in… Continue Reading