Despite blustering threats to ramp oil output up to 13 million bpd or reports of rebuffing overtures from Russia, there are in fact very high level lines of communication that are being kept open between Riyadh and Moscow, and across the OPEC+

Barely 48 hours after unleashing a full scale oil market share war that drove crude prices plunging to around $30, we understand that Saudi officials are nervously weighing a policy

In a dramatic and unprecedented turn of oil politics gone awry that has stunned already fragile global markets, these last 72 hours saw Russian officials walking out of the OPEC+

The energy ministers of the 25 OPEC+ oil producing states meeting in Vienna this coming Thursday and Friday will probably have a mixed reaction to the G7 statement issued earlier this morning: on the

Saudi policy officials were said to be somewhat taken aback by the concern, if not gloominess, of G20 finance ministers and central bank governors over the risks for an extended global

All things considered, it was surprising to many that crude oil prices didn’t spike even higher after Saudi Energy Minister Khaled al-Falih, in response to the Trump Administration’s announced “zero” waivers extensions after May 2 to its unilaterally imposed economic sanctions

With the fate of Saudi Arabia’s hard line case for shared output cuts by the OPEC and non-OPEC oil producers hanging in the balance, Russian Energy Minister Alexander Novak left Vienna for

A bit of a bounce back in crude oil prices this morning after steep plunges in recent weeks should provide some relief to Saudi oil officials preparing what we would describe as

All things considered, Saudi Arabia’s Energy Minister Khaled al-Falih did a pretty impressive job in fudging the math and messaging of today’s OPEC meeting to satisfy the sharply juxtaposed demands of both Iran and President Trump.

With the formal OPEC+ meeting still a few days away, most of the energy officials are already in Vienna and engaged in countless bilateral meetings. OPEC Secretary General Mohammed Barkindo,

A curious alliance of US and Russian pressure to provide more crude supply is shaping up as the dominant driver to the outcome of the upcoming meeting of the 25

Oil prices fell earlier today on the headlines out of St Petersburg from both the Saudi and Russian oil ministers making it clear that adjustments to the 2016 oil output cuts, amounting

OPEC officials sound like central bankers these days, referring to a $60 “equilibrium” crude oil price and referring to the long period of “undershooting” that equilibrium price when pushing back on whether there

In a series of extremely significant developments, we understand China’s President Xi Jinping has ordered four strong policy measures against North Korea in response to its latest ballistic missile launch. *** China will drastically cut

The dramatic fanfare surrounding the arrival of Russian energy Minister Alexander Novak to Vienna this morning was a stark illustration of Russian dominance in the leadership of the 24 OPEC

When no less than Russian President Vladimir Putin put his authoritative stamp on a proposed extension of the OPEC-non-OPEC Vienna output agreement into 2018, it sounded to us like an

Saudi oil officials are irritated but hardly panicking over the recent plunge in oil prices, attributing the drop to long positions being unwound among some hedge funds, and remain confident

Crude oil prices enjoyed a bit of a rebound today, mostly on the back of the less than expected build in US oil inventories and renewed chaos in Libya that

The Saudi Ministry of Energy just issued a statement affirming the Kingdom is “committed and determined to stabilizing the global oil market by working closely with all other participating OPEC

With crude oil prices dipping below $50 a barrel for the West Texas Intermediate benchmark, market speculation is again turning to the levels of compliance and the odds on an