A temporary production reduction agreement under current conditions is not necessarily in the interest of all stakeholders in the global oil industry
This deal will not solve the huge oversupply that is currently still building-up
The oil war is not due to misunderstandings or ego plays but to the intrinsically different strategies and motives of the key players at hand.
For all these reasons, an OPEC ++ coalition cannot not be sustained over time and its impact on oil prices is likely to be marginal and disappointing.
Category: Market Strategy
Will a compromise between OPEC (KSA), Russia and the United States stabilise the oil market? Interview on RT.com and further analysis
Alexandre Kateb was interviewed on RT International about Saudi Arabia’s “oil put” strategy following the Kingdom’s decision to flood the market with cheap oil in order to squeeze the other major oil producers.
The International Energy Agency, which is the OECD’s Energy watchdog, has just released its Oil Report for March 2020. This release coincides with the worst fallout in oil prices in a single day in decades. This new monthly edition of the IEA’s flagship publication comes amid increasingly gloomy prospects for the world economy, amid a seemingly irrepressible spread of the coronavirus pandemic.
Falling global oil demand in the wake of the coronavirus outbreak Global oil demand has been hit hard by the coronavirus outbreak which led to the shutdown of much of the Chinese economy in January and February and the subsequent impact on supply and demand in China and all around the world, as the epidemic […]
Economist Alexandre Kateb explains how the state has had to go into debt over the last thirty years, via its central bank, to attract foreign capital. Since trust has been broken, the banking system has been beset by numerous requests to withdraw money.
Consultant and specialist in the Arab world, Alexandre Kateb is a lecturer at Sciences-Po.
Once again, Argentina is embarked on a complicated debt restructuring process. This post exposes some key facts and figure and makes some observations from the macro and legal perspectives.
I was interviewed among other experts for this article that has been published on RT.com. The European Union is considering switching payments from the US dollar to the euro after Washington threatened to target European firms working in Iran, according to reports. The measure may help the EU to retain one of the world’s largest […]
Habemus Governum. It took months to reach an agreement between the competing “anti-system” parties that have emerged from the last Italian general elections, the M5S and the Lega, and to get the approval stamp of the President of the Republic, Sergio Mattarella, on the proposed Cabinet members, which was effectively achieved after a reshuffle of the […]
Interview on the situation in the euro zone and the outlook for the major currencies